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i dont believe on this..payday loans are not vampire as the people think about them..Personally, I feel that there are positive uses for payday lending,I think they are fine for occasional use IF you understand what you are doing and don't take out more money then you need.instead of all this they are the absolute last option for the people...
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Please tell us when you feel it is ever appropriate to take out a personal loan with an interest rate of 200% or greater. I sure can't think of an example.Originally posted by Stuartthomas View PostSteve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.Comment
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If you find yourself occasionally needing to use payday loans it is a sign that you are not managing your money well and may need to take drastic steps like cutting your budget (to build an emergency fund) or getting a 2nd job.
Payday loans are a ripoff and you'll never make any progress if you have to rely on them.
Would I ever use a payday loan? I think I would to keep a roof over my head. If I was hungy and needed to eat? I dunno its impossible to say without being in that situation. Lord willing I will never have to make that choice.Comment
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