Huge numbers of people are caught into the vicious cycle of payday loan debt each year. High interest levels and charges escalate financial obligation of borrowers in just a months that are few. A huge number of borrowers have economically exhausted right after paying high interest levels months after months. Their bank accounts become empty and borrowers are charged overdraft costs, their reports are assigned to debt collection agencies, and credit rating enters a volitile manner. It’s almost impossible to eliminate payday loans unless they get help of debt relief programs.