PaydayAct

Money Saver:  Riding on the DC Metro last week, I saw a billboard that caught my attention. It asked which was financially more costly, a bounced check, a payday loan, or a credit card late payment penalty. The answer surprised me, and it's worth considering this question. Most all of us at one time or another have bounced a check (I have), obtained a payday loan (I haven't), or paid a credit card payment late (I have). For many of us, a bounced check or late credit card payment is the result of disorganization or distraction. But in some cases, tough choices have to be made. Imagine that a $100 credit c...