Would a Payday Loan Help?
May 19, 2009 6:04 pm Just Random!I know that a lot of us are having some struggles these days. Heck, I’m working two jobs for a few weeks for the first time in my life! And that’s not even really a bad thing considering the other possibilities that are out there.
One thing that you might do if you’re in a bind from one paycheck to another is get a payday loan. You need to make sure you only use these the right way, but if you’re in a bind they are one way to get some extra help.
One site I came across that looks pretty good is ApexPaydayLoans.com. You can apply online and get approval instantly! So if you’re in need, check them out!
Thoughts on Payday Loans
Is a Payday Loan Right For You?
Grow Your Business with a Cash Advance
Good Advice for Debt
Getting Your Credit Started
tags: money
I feel payday loans don’t help and if you do get them your just throwing your money away they’re should be better options
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I think it has a 50-50 chance of success. During recession people may apply for the pay day loan, but the problem is due to high Job loss in USA,people may not guarantee to pay back the loan.
Anyway, it may get success in this recession.
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Duane Reply:
June 20th, 2009 at 2:37 pm
With the economy the way it is, makes business very hard for the small business owner. I dunno if a payday loan would help because people are basically paying out so much already.
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I don’t think a payday loan is the best option if you’re having a hard time making payments already. Unless you have an inheritances coming your way.
I try and figure out what I don’t need and what I do before taking on more dept.
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Much agreed, you should cut back on all your monthly habits. No more 7 coffees, snack food, and no eating out.
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Just seeing the word “loan” makes me anxious. This should be a last resort ONLY.
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Nice
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I agree, payday loans should only be used as a last resort. They generally have very high interest rates and you end up losing money on them.
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Interest Rates on Payday loans
are VERY high
be careful with them .. they are worse than Loan Sharks
Jack
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I’d avoid a payday loan like the pig virus if I were you. One missed payment and you get hammered. Try instead paying off your debts at a rate you can afford by having professional avisers negotiate with creditors on your behalf. They will also deal with all your bills, letters etc so you can relax.
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I think we could all use a bit of advice from Warren Buffet…if you don’t have the money to pay cash for something, don’t get it. It’s hard when your spouse gets laid off and your salary gets cut, but start looking for things you can do without (cable TV, cell phone, Sirrius radio, xbox live…all the things they make you feel like you just HAVE to have or you’re nobody!) and cut back. Borrowing from a payday place has never been a good option for anyone I’ve known who has done it.
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Thank you very much for this useful information.
Please keep on blogging.
I am looking forward to read your next great article.
Best regards…
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nive post
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I agree with most of the post above. Payday loans and car title loans should be avoided at all costs. Try calling the people that you owe money to and explain the situation. More and more creditors will work with you because they know how bad the economy has become.
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Loan? It was never really an answer to our needs. Because instead of saving, we have an interest to pay. So, instead of having some loan, why not save..right?
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Pay day loan must be required but the chances of returning its not guaranteed,nice blog thank you for this and keep writing cont……
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If you are living from payday to payday and don’t have any extra cash saved, then any financial emergency may turn into a real disaster. Simple cutting back won’t help. In such a situation payday loans can be helpful.
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A pay day loan is the only way you can go sometimes. I wouldn’t go there unless it was a last resort.
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Interest Rates on Payday loans
are VERY high
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borrow from friends or family first!
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yes its help it make us happy
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Still very sceptical about things like this there are always things that crop up and prevent you from making the odd payment driving the cost up
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Payday Loans instant approval is great. It will help many people. Thanks for sharing about ApexPaydayLoans.
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Payday loan company’s take advantage of people in tough financial times. The average loan is $300 the average payback is $650. If you pay the loan back on time, you have nothing to worry about, but if you don’t read the fine print. The interest is insane, get a credit card if you can.
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Payday loans have very high interest rates but sometimes it is the only choice you have.
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Everything is going down! I would like to work 2 jobs but I can’t find it.
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A payday loan is OK is you have the enough discipline to ban all the superfluous expenses before taking the cash. Otherwise is more debts and more troubles.
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It’s easy to criticize the practice, but some people would have a pretty crummy life without payday loans (and rent to own, and the like).
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I get lost all the time too,
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Excellent idea! These are definitely worth looking into for those hard financial times!
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be careful with them …but nice post…thanx for info
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interesting information…
forcing to think again…
anyway,
great post.. carry on…
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I took out a pay day loan one time and it took me like 3 months to pay it off. I kept paying $75 a paycheck to extend the loan when the loan was only $200.. I got really screwed for money in the end. I wouldn’t recommend taking out one of these loans unless it’s an emergency (in my case it was..)
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hey can share me the fees schedule information…)
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Exactly it is sometimes easy to say bad things about these loans but sometimes it does help people out alot
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ehhh…
I hate all that stuff and rush with loans. It is just like you borrow some money for a short period of time, and later pay back with your own forever….
thanks for the link though…. will check it
thanks!
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I don’t think anyone should be in the position to even need a payday loan. They will get a poor person in trouble.
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I’m not a big fan of loans, but some times these payday financial methods are a good manner to solve small money needs.
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I even have a list I’ve prepared 2 years back, though I haven’t really made it happen. I hope to finally go on that trip next year!
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I think payday loans will not solve the problem because you will still pay that loan eventually and even pay more because of interest.
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This is great offer if it will server to all but it will not easy to all people who want to big loans.
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Oooh don’t take out pay day loans! Just wait for your pay check if at all possible because these things are really not worth the money. They charge you an outrageous amount.. I wouldn’t recommend it.
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Very well written article. I have struggled a lot for getting my house loan and I am happy that I some how found a nice way to tackle them and get a house for myself. “Loan” is always the word that sounds ridiculous to me.
Thanks for sharing useful information here.
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I don’t think so payday loan is a best option
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Don’t agree with payday loans myself, but then I do work for a bank lol!
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Oh I hope I never need to use a payday loan. I hear they are giving some nice coupons out or at least seasonal discounts to entice people to use their services.
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From what I understand, payday loan businesses bring down property values in the areas where they are located. Not good.
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I’d also avoid a payday loan, instead try free government money to pay off your bills and debt. I have applied for it and its a hazel free process, its very easy to apply and very useful when money is needed the most. This is so much better than taking a payday loan because one missed payment and you’ll get hammered. Think about it and trust me visit this site for more info on free government money and apply.
Peace,
Mark
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Thanks for the post.
Does anyone know if these loans are available outside of the US?
Warm regards,
Adam Johnstone
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Ive always made the effort to avoid getting a payday loan because of the high interest, but in some cases im sure it is a great way to make things not so difficult at times.
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to answer the question above yes i think that they are available elsewhere, i know in europe stuff like this exists.
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Make a budget plan
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Payday loans are absolutely vile! If you are truly struggling, this will only make matters worse. You are better off going to a loan shark than to these people. Their rates are double or even triple what a loan shark would charge you. Complain about their existence to the Senate banking committee and you will receive nothing but a line about how they help the poor.
Help the poor? If someone can’t afford groceries, how is charging them $20 on a $100 loan for two weeks gonna help? You think someone who can’t afford groceries can afford $120 out of their next check? Basically, they wind up rolling their loans over and now, instead of being short once, they are short every paycheck. Now it is a chronic condition.
I’ve seen it happen with people I know. I wish they had come to me. I would have given them the money for groceries or car repair, or taken up a collection. This is what we should be doing for each other.
The payday loan industry is a leech on the poor and they should be judged for it. Stay away. Stay far away from these people and don’t be caught in their trap.
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My thoughts on this stem from my experience a few years ago when money was very tight. I went and got payday loans only to discover in the end I was doing myself a disfavor. Each payday I would pay off the previous payday’s loan, only to take a another loan the next day because the payoff took most of my paycheck. It was a vicious cycle that finally I was able to break. Never again!
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I’ve never taken out a payday loan because the fee has always seemed way to exessive. I know the industry is in transition with the economy right now so maybe if things change I’ll give payday loans a shot in certain circumstances.
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A “payday loan” is an appalling solution. Why is it that the poorest people have to pay the most?
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A “payday laon” is an appalling product. Why is it that the poorest people have to pay the most?
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THANKS FOR HELP
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Its better to dnt have loan at 1st but if you need badly than its good idea in post. Thnx
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Taking on more debt is not the way to make ends meet, you ned to start earning more than you spend to dig yourself out of the hole, not adding to your monthly payments. You’ve got to think long term to get out of debt.
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While payday loans are great for people in a bind who need instant cash without the process of credit checks, they eventually cause their customers a more vile future. The majority of people using them are paycheck to paycheck; thus, making it hard to pay the say $4oo back plus the bi-weekly “finance charge” of say $50-75 bucks. So what happens, you continue to pay the $50-75 bucks for a year and can’t get out of it without losing your shirt because you can’t afford it. Kind of what banks do on a larger level with credit cards..lol
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great post - payday loans are an endless cycle for so many people
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Thanks for sharing it. I have bookmark this in case of in need maybe I will visit that site.
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Yeah if you’re financially squeezed, it’s a big help. Make sure you pay it off right away. Those interest rates are disgusting.
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Just been reading this post and i have really enjoyed it. Thanks for providing a great service on this blog and i will be back for more!!!
Kind regards,
Sam
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Your article is very topical for me. Thanks for the information. I really liked your blog. I add this blog into bookmark.
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kim bu kadar çok yorum yazıor yaf annamıyorum thnx for post
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All loans need to be paid back, borrowing money is never a good idea because you shouldnt but what you cannot afford.
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I’d refrain from taking any type of loan. If you really have to.. borrow from a friend or family.
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Borrowing is not a good Idea becuase you have to return it… I always prefer thinking out of the box and earning via new projects.
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i dont really believe in pay day loans it hink you should save your own money
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Now is December, and the England weather is more confortable than Italian one.
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This should be a last resort ONLY.
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I am in the construction market in Phoenix, and I will tell you that sometimes these payday loan are the saving grace in our industry. Sometimes you need some extra cash to buy supplies.
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It is easy to say they are a waste of money if you have money in your pocket.
For some people, their cash flow is so tight that this is the only way they avoid eviction, despite it costing them more in the long run.
A vicious cycle no doubt.
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Useful information really i agree but sometimes the payday is helpful.
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I consider loans as my last resort if I can no longer handle my payments. I’m also thinking if whether I can work two jobs like you do to pay my credits but.. I don’t know. Maybe I should try it too. Loans can be scary but they are very helpful, right?
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Pay Day loan place are extremely dangerous, and it’s really easy to get in trouble - don’t fall for it…
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Cool. This would be helpful for small scale sectors since those involve day-collections.
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It is better to payoff your debts and cut your expense to minimum. At any cost payday loans should be avoided. It is very costly cash and I think consumers should be urged to consider other alternatives. If you must use one, try to limit the amount. Borrow only as much as you can afford to pay with your next paycheck — and still have enough to make it to next payday.
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Useful information really i agree but sometimes the payday is helpful.
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All loans need to be paid back, borrowing money is never a good idea because you shouldnt but what you cannot afford.
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In these crisis times it´s not a bad idea, everybody needs a helping hand somtimes.
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you should cut back on all your monthly habits. borrowing money is never a good idea because you shouldnt but what you cannot afford.
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“Never a borrower or a lender be”
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