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Worse, if the stock is hard to find, the short-seller may even have to pay a borrowing fee of up to 1.5%.
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Lisa Masarek had been waiting at the Mid-Manhattan branch for about 10 minutes to pay a fine and borrow mystery novels.
Payday loans shops allow users to pay a fee to borrow a certain amount of money.
But with banks still acting like Scrooge when it comes to lending these days, those with poor credit histories should expect to pay a lot to borrow money.
Spain on Tuesday paid a higher borrowing rate on 2.6bn euros of six-month debt and the fact that yields on its outstanding debt have trickled higher has worried European officials.
The companies have also had to pay a higher premium to borrow money.
If Scotland's first act as an independent country were to default on its debts, it would pay a lot more to borrow.
Bank borrowing costs reached 6.88% on September 30th, more than three times the level of official American rates, while some were willing to pay a remarkable 11% to borrow dollars from the European Central Bank (ECB).
Get this wrong and you will not only fail to cut borrowing but pay a high social and economic price.
By contrast, secured credit cards require you to pay a deposit in exchange for borrowing privileges.
If you invest one dollar, borrow nine, pay a dollar in interest on the debt (an eleven-per-cent rate), and sell the asset for the same twelve dollars, your return is one hundred per cent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com