Try this before you turn to a 390 percent payday loan

June 2, 2016 4:01 PM

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Try this before you turn to a 390 percent payday loan

Your employer may offer an interest-free advance on your paycheck, but weigh the risks.

"If you put yourself in hock to the boss, it's probably not a good place to go from a career standpoint," said McBride. If you're living paycheck to paycheck, that advance is also likely to catch up with you for future bills.

Also read: How to know if buying into a Cyber Monday deal is worth it

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