Many in the Tulsa area strapped for cash are turning to payday loan services. The high-interest, short-term loans are the center of international debate as some say they take advantage of the poor. Let's say you need five hundred dollars for your car payment. They will give you that money at Check 'N' Go, but a look at the sign posted outside tells you that 500 dollars for just 12 days will cost you 65 dollars.

Check 'N' Go is not the only company that offers loans. There is another one right around the corner. The flashy signs offer you 500 dollars until pay day, or 12 days, the term of their loans.

But, if you take longer, you will pay a multitude of interest. Experts say you must weigh if it's worth it -- think about 100, 200, 300 or even 400-percent interest over a year.

"When they get a loan at payday loans, they are only paying for one month interest," says Margo Mitchell with Consumer Credit Counseling Services. "So, it doesn't appear to be that high versus if you had to look at that figure for an entire year."

The lowest interest rate posted is 398-percent and the highest is 484-percent, so make sure you pay attention to the fine print.

The payday loan companies insist they are only a short-term solution for customers and that their loans are not intended for people to take a whole year paying them back.