Also, NEVER EVER
take out pay day loans.
A $500 pay day loan in Florida will have an APR of 286.79%!!!!!
Taking a loan for tennis lessons, esp if it is just for recreational lessons is not financially responsible.
If your kid is training to get into a high school program and for college and you are low on funds, I understand it.
In any other situation, better forgo that loan. It is ridiculous.