Twelve million Americans rely on payday loans each year to manage income volatility or handle unexpected emergencies. Unfortunately, many people fall victim to predatory lenders. This infographic from LendUp lists the most common pitfalls of payday loans and shows the steps consumers can take to avoid them.

[Click here for full size version]

Navigating the Pitfalls of Payday Loans

Irma Wallace

Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders' Zone, a construction / home improvement portal. Follow +Irma Wallace on Google + as well as Twitter.

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