Ah, payday loans. The perfect option for those of us who have less than perfect credit. The only problem is, once you get caught up in the cycle of Cash Loans, sometimes it is hard to get out. My advice, and I speak from experience here, is that you only borrow what you can pay back quickly. And by quickly, I mean as fast as you possibly can. The interest on these loans can be very high, and add up quickly. Junior and I have spent way too much money paying these types of loans off, and it is money wasted that we could have spent on other things.
So, my advice, is that if you have to borrow from a payday loan place, make sure it is a reputable one. Know their fees and interest rates before signing up, and please, only borrow what you need to have. Never borrow more than you can pay back from your next check.
I know this sounds kind of negative, and I don't mean it to be. Payday loans can be very helpful when you find yourself in a tight spot financially. They are confidential, and there is virtually no waiting. There is also no credit check, so it is easy to qualify. Trust me. Junior and I have used them on more than one occasion when we had no one else to turn to. I just wish we hadn't "borrowed" as much as we did.
1 comment:
Oh my gosh, this is a necessary post, we got so far behind, we ended up borrowing from one payloan place to pay back another and it got really bad, so bad we had to suck it up and ask my husbands parents for money. It is dangerous
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