Payday loans are the worst possible way to borrow money. If you're not already in debt trouble, payday loans will get you there fast! The interest rates on these loans are so high - 500% and more - that they're nearly impossible to pay off. Payday loan stores are financial predators getting rich off those who can least afford it. In this video, DebtStoppers bankruptcy lawyer Rob Semrad talks about how this scam works.Disclosure: DebtStoppers is a debt relief agency helping people find financial freedom through bankruptcy. Less