Getting Advance Payday Loans
November 23, 2009 by Monsur
Filed under How to Get Payday Loans
Advance payday loans can be a life saver if you are really broke and need some money before payday, but be warned because their rates can be outrageous. They can sometimes charge up to 15% of what they loan to you to finance your advance cash loans, or even more.
The people who use these things are all or almost all really poor people just a little behind on a payment of some kind – perhaps rent or something like that. They get the advance payday loans because they are out of options. They are living paycheck to paycheck and hand to mouth and are a few days behind so they are desperate to do something, to do anything to make ends meet.
Other times, these same advance payday loans are also used by desperate junkies or addicts of various kinds to supplement their addictions.
They can be so upset about not getting their fix that they will waste money they don’t even have yet and get farther and farther behind. This is very sad because these people already have such incredible problems without losing 15% or more of their income to a loan shark. There are many stories of people that were finally finished off for good by advance payday loans.
For instance, I had this friend back in college one time. He was very smart, in fact, he was a Physics and English student and one of the most creative and unconventional thinkers I have ever met in my life. He took advantage of an advance payday loan because, well, he wanted to party and thought that he could just make it up the next month by living tight on noodles and ketchup sandwiches.
He was young, he figured, he could eat healthy when he was older. However, the next month he was still behind, and the next too, and he kept having to get advance payday loans to cover the debt he already had. Besides this, he was developing an addiction at the time, and the stress of his finances was only making it worse.
The good thing is that he had a supportive and understanding family who was able to help him get into rehab and straighten out his financial problems. However, this just all goes to show that it’s not a very smart idea to be spending money you still don’t have. Even though they may seem like advance payday loans are the best solutions, believe me, they are usually not.