I recently had to rely on a payday loan. Payday Mobility loaned me $500 for 30 days. But when I got the payback I found it to be at 60% interest. A $500 loan cost $800 to pay back.. No contract was sent but the ripoff was definately there. Local payday loans are under 20% and you deal with people face to face. Do not get caught in this ripoff trap!