Loans For Loans
It all began when I had to have some extra money for a bill that came out of nowhere and needed to be paid. I went to the local payday loan place and took out a payday loan for the amount needed. This was all fine and good till I went back to pay my payday loan and realized that I didn't have enough to pay my payday loan debts to so I took out a larger payday loan to pay the bills and to pay back my first payday loan. I guess it will never end because I still need the money to pay the bills.
Dale M.
Lost It All
When my radiator burst I was left on the side of the road. "Cool" I thought. I need a day off and I should be able to fix this for a hundred bucks. Life is good. But... searching for three days led me to a four hundred dollar repair bill, I opted for a payday loan thinking I still had a job. I didn't. Now I’m up to my eyeballs in debt because I can’t make any payments on my payday loan.
My girlfriend didn't see me the same way anymore with no job, payday loan debt pilling up fast, and no car. Lost her too. Sitting at the repair shop I received a phone call from them nice folks at the payday loan center so I said I’d swing buy and talk with them about paying off my payday loan. Well in the fine print my car was collateral. Keys swiped from my hands and my five thousand dollar car gone. All because I was having trouble paying back my payday loan. Stunned, saddened and heartbroken the payday loans people will leave you. This I am sure of.
David M.
Information Sharing
I have a friend that used a payday loan service online, and it worked out...seemingly. She tried the same payday service again, and again things seemed okay. She's not real computer savvy so she didn't realize all of the excess e-mails she was getting...at first. Then she got pretty far behind on her payday loan payments and had to take out more than one payday loan at a time, and the trouble began.
She spent hours online trying to find contact information, and she suddenly realized how much of her information was being shared when the telemarketing calls, and junk mail started to flow in. To top it off, she had never really read the terms of her payday loan and was confused about her interest rate. Soon she was overwhelmed with the amount she owed her payday loan company. She paid back the original amount she borrowed, changed all of her contact information, and never spoke with them again. I guess sometimes it's best to just tough it out.
Tim W.
Loans For College Sutdents
What every college kid thinks when they get their first payday loan: "Free Money!" What every college kid buys with their first payday loan: new clothes, a new iPod, drinks for all their friends, a new cell phone, random cheap junk cause it's so easy to just spend the cash from their payday loan...
What every college kid thinks when they see their first payday loan account bill: "Holy crap, how am I going to pay all of this back?!" Followed shortly by: "Oh, I see, I just need to make the minimum payment--that's not a problem."
That's how easy it is to end up in financial trouble with a payday loan. It's hard to keep track of all the little purchases and even harder to resist those shiny new big-ticket items, but it's important to use payday loans wisely. It's ok to make purchases with your payday loan and it's ok to splurge once in awhile, but just remember that everything you buy will have to be paid for eventually. If you only make the minimum payments on your payday loan account every month, keep in mind that you'll end up owing more than what you borrowed. So use your payday loan wisely by keeping track of purchases and trying to pay more than just the minimum balance every month.
Christy B.
