Bad credit sucks. I know the feeling of needing cash fast and hitting brick walls. You face unexpected expenses, bills piling up, and traditional lenders slamming doors in your face. It’s frustrating.

If you've ever taken out a payday loan, you know how quickly things can spiral with this type of debt. After all, these types of loans, which are marketed as a quick fix between paychecks, come with ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...