<prompt> Human: This post will provide examples of my experience with unsecured internet loans, specifically the dollar amounts and interest associated with the loans. Often, you gloss over the payment terms once you hear APPROVED because at that point youre just happy to get money to fix your car or eat for the month. Then you wonder if you should have asked for another 100 since it was so easy. Dont! Youll thank yourself later. This post should serve as a warning to those who think a 400 or 500 internet loan is affordable. It isnt. I happen to have hit a string of bad luck aka no emergency savings fund with car trouble and moving expenses and was desperate as they come and in the end I have 4 of these running concurrently. I am paid semi-monthly and each pay cycle these payday companies skim a total of 450, or 900 month. Now, I am extremely fortunate to have come across a small windfall and am taking the opportunity to pay all loans off in full which will no doubt save me thousands not to mention Ill be able to eat something beside rice and beans once my monthly cash flow improves. Please no preaching..I know its dumb Im trying to help others learn from my foolish decisions. But hey, when your car breaks down and you dont have credit cards the options are limited.. Payday 1 This first payday loan example is from a company that is the most predatory Ive ever come across in terms of the interest rate and length of the loan. I asked for 500 and the semi-monthly payment is 162 325 a month. if I paid the minimum amount 162 semi-monthly until the loan maturity date Id pay a total of 3915.89, or 706!. The loan payments last 1 year until 5152017.Payday Loan 1 Payday 2 Next up we have a 400 loan and the semi-monthly payment amount is 79 160 a month. Paying the minimum amount until 1172017 Id pay 962 in total, or 420. Compared to the others I feel this company isnt too predatory but its still insane by prime loan standards. Payday 3 500 loan amount. 100 semi-monthly 200 a month. 581 interest and youd pay 1743 if you only paid the minimum. Payday 4 400 loan amount. 108 semi-monthly 216 a month. It started Jan 15th and it expires Sept 30th. Total payments are around 1728. So what can we learn? From borrowing 1,800, I could expect to pay a total of 8,348.89. Thats the first Ive done that calculation and holy shit..thats absolutely insane its no wonder I felt robbed. I expect a shitstorm..be easy on me fellas.  <response>: Thats how much it costs if you can actually make the payments. Now imagine if youre even more broke and start racking up penalties and additional fees. 