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on Saturday, June 27th, 2009 at 5:07 am and is filed under Q&A Payday Loans.
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a payday loan has to be payed back in full on payday, hence the term. Rollovers ( where you can borrow the money back) are illegal in many places, and the more reputable places such as money mart don’t allow them anyway. If your in the position where you need a payday loan of that size, it might be time to seek out a non-profit credit counselling organization.
Avoid them at all cost. The fees are outrageous. It is a trap because each month you will need to make another advance loan. Don’t do it.
Instead, change your lifestyle. Reduce your expenses for a month and you will be fine. You can live without a lot of things and be fine. Eat rice, beans and bread for a month. No ice cream, coffee, toys, hair cuts, etc. Then slowly add things back once you can afford them again.
Get a second part-time job if necessary. Anything is better than getting hooked on payday loans.
There is no such thing as a payday loan that is good. They are all scams. They suck you in and it’s like trying to get out of quicksand with the fees and interest they charge. DON’T DO IT!!!!
Thinking of a loan? consult with your credit union bank or friends- and pay them back!
a payday loan has to be payed back in full on payday, hence the term. Rollovers ( where you can borrow the money back) are illegal in many places, and the more reputable places such as money mart don’t allow them anyway. If your in the position where you need a payday loan of that size, it might be time to seek out a non-profit credit counselling organization.
Avoid them at all cost. The fees are outrageous. It is a trap because each month you will need to make another advance loan. Don’t do it.
Instead, change your lifestyle. Reduce your expenses for a month and you will be fine. You can live without a lot of things and be fine. Eat rice, beans and bread for a month. No ice cream, coffee, toys, hair cuts, etc. Then slowly add things back once you can afford them again.
Get a second part-time job if necessary. Anything is better than getting hooked on payday loans.
none try to avoid them
There are no good payday loans, they are all rippoffs
Collect aluminum cans instead. Getting a payday loan is like getting screwed by someone you don’t know without being paid for it.
don’t do it honey!!
None, all of their interest rates are too high.
None… outrageous interest rates
A friend of mine got mixed up with something like that and had to declare bankrupt
Stay away from all of them they charge way too much intrest!
There is no such thing as a payday loan that is good. They are all scams. They suck you in and it’s like trying to get out of quicksand with the fees and interest they charge. DON’T DO IT!!!!
Do not use payday loans.