If you have a job, many check cashing stores may offer "payday loans." With a payday loan, you write a check for the amount you want, say $200. The store loans you the $200 and agrees not to cash the check until the next payday. What happens if you don't have the $200 - plus the store's fee - by the next payday? You can carry over the loan, but you will pay a larger fee. This cycle can keep going and going, as long as you pay the fees. Over time, you could pay as much as 650% in fees and interest charges. Why so much? Because many states have no rules limiting the amount of fees these stores can charge. These types of loans are always expensive. For example: