Why NOT to do payday loans

Payday loan operators further prove that simply because something isn't illegal doesn't make it ethical. They take advantage of the people in bad financial situations to the fullest extent of the law.

Might as well borrow from a loan shark.
 
Glenn said:
Payday loan operators further prove that simply because something isn't illegal doesn't make it ethical. They take advantage of the people in bad financial situations to the fullest extent of the law.

Might as well borrow from a loan shark.
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Yup. Only a few months ago I read in the local paper that these places are popping up at nursing homes and retirement centers. :aw:
 
I never use payday loans....not worth to pay back more than what you earn. :roll:
 
rockin'robin said:
I dunno much about "Payday Loans"...but there are several businesses here that do loans for 30 days....say you take a loan out for $500.00 and within 30 days, pay back $554.00.....charging you $54.00 for the loan, which is cheaper than ur bank card or borrowing from the bank....!
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Cheaper than a bank card????? That's an APR of 129.6% I have never seen a bank card or bank charge that much
 
I agree, payday loans are the worst sort of loan.

if you must borrow money, it is best to do so as cheaply as possible, with the most favorable terms for you.

Payday loans are not it. People who think these are a good idea need to understand the power of compounding and figure out how much money over a long term they are losing.

If you are in a position where you "need" a payday loan, you need to start building yours savings ASAP. There is no good reason to be "forced" to take a payday loan. Learn how to manage your money better.
 
I like payday loans, it's fun to see how many clients they have, it enterain me to see the number of people is getting dumb and dumber.

American, wake up.

On the positive outlook, PayDay Loan is awesome and fast way to build the good credits - How?

Make sure you have monies up front, and do the payday loan paperworks, get some cash, and then pay it in full within 7 business days, and keep doing that few times with different amount of cash request.

Read the paperwrks, and get 0% Interest for two weeks, it works.

This apply to smart people who knows how to thrive with excellent credit score on the credit reports.

<3.
 
LaurenTTRD said:
I like payday loans, it's fun to see how many clients they have, it enterain me to see the number of people is getting dumb and dumber.

American, wake up.

On the positive outlook, PayDay Loan is awesome and fast way to build the good credits - How?

Make sure you have monies up front, and do the payday loan paperworks, get some cash, and then pay it in full within 7 business days, and keep doing that few times with different amount of cash request.

Read the paperwrks, and get 0% Interest for two weeks, it works.

This apply to smart people who knows how to thrive with excellent credit score on the credit reports.

<3.
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The high numbers of the loan which you receive and paid in full with no negative status like 30-120 days late pay..more likely you will get approved easy for different kind of loans like.. car loans, house loans you name it. :cool2:
 
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