| Sometimes we all get in a desperate financial situation | | | | had 90 days to pay it back, would that solve the |
| and need emergency cash right away. There may be | | | | problem? Not every payday loan company is willing to |
| lots of reasons for this (it really doesn't matter why) | | | | do that but because of changes in the industry, more |
| you just need cash to solve your problem and you | | | | and more companies are offering this as an option. |
| need it now. You try to find different options to get | | | | Ask them about it straight up. You never know what |
| that money, but none of them seem to work. Asking | | | | their answer is going to be. |
| to borrow money from any family member can be | | | | Obviously they want to get paid back and if they have |
| painful and embarrassing. Thinking about borrowing | | | | to go hunt you down, they aren't going to do it. Remind |
| money from your local bank usually doesn't work. | | | | them that an automatic withdrawal program is offered |
| They only like to give money to people who don't need | | | | by their competitor and they will usually change their |
| it and in this economy they are turning down almost | | | | mind. Now the reality is you probably don't have to do |
| everybody (even though they received billions from | | | | anything because they almost certainly have the |
| the government just for such a purpose just for such | | | | capability of setting that up in their software. listen, you |
| a purpose!) Using a credit card can be extremely | | | | have to realize that all terms have additional fees and |
| expensive and not be paid off for years. Yes it's an | | | | by changing this loan from a few days to 90 days |
| option but it is a huge negative. Somebody mentioned | | | | later (to pay back) there will certainly be additional |
| that you should try a payday loan but in the back of | | | | charges and you need to justify that in your own mind. |
| your mind they were somewhere near the level of | | | | Just remember that it is almost certain to help you by |
| drug dealers in dark back alleys. (Not true). | | | | getting your money instantly and paying it back over |
| That whole list of alternatives above are correct | | | | time. You are saving time, you are reducing hassles, |
| (almost). It's a pain dealing with family members and | | | | you are dealing with problems and a limiting |
| money. Banks love to say no to people who need | | | | emergencies. That seems to be a fairly minimal |
| money. Credit cards are extremely expensive to | | | | expense, correct? |
| borrow from and they never get paid back. In most | | | | Here's a short list of advantages: You didn't have to |
| cases the option that has the least negatives is the | | | | include nosy family members; You saved time and |
| payday loan. The interest rates may seem high but | | | | energy (and that awful fear of rejection) by not having |
| when you consider the fact that this is really | | | | to go to an uppity bank; You didn't have to add |
| unsecured debt and the law and most states limits the | | | | additional burden to your credit cards; and in 24 to 48 |
| amounts, it may just be the best option of all. | | | | hours (sometimes only a few hours) you took control |
| But don't I have to pay it back in seven or eight days? | | | | of the situation and reduced a financial emergency. |
| Most people are concerned about paying it back on | | | | Additionally, you now have the time you need to pay |
| time, usually with their next paycheck. They need | | | | back your loan that won't increase your stress level. |
| instant money but they need time to pay it back. If you | | | | It makes you feel like a winner doesn't it? |