2006-12-31 14:42:01 · 10 answers · asked by john w 1 in Business & Finance ➔ Credit
Pay them off.
Get on a really tight budget. You don't need to be paying a cable bill or dining out if you have a payday loan.
Work an extra job. Since you don't have cable anymore you should have the time.
Sell everything you can.
2006-12-31 14:45:57 · answer #1 · answered by KC 4 · 0⤊ 0⤋
Pay day loans can help for temporary fixes. I did them, but you are paying a lot of interest too. The ones where you get paid and get a loan and 2 weeks later go and repay them, and get another loan. It can be a never ending cycle.
I would suggest putting some of your regular pay into savings if you can. I finally got out of debt by putting more money towards what was ending quicker in my bills. I paid my car off early that way, then tried to pay more on something else. That is how I did mine. I wouldn't go the Check n Go or pay day loans for that. Too much interest for that. Better to put extra toward on what you owe. It takes time and discipline.
Best wishes to you in the new year.
2006-12-31 14:47:09 · answer #2 · answered by Stephanie F 7 · 0⤊ 0⤋
Are you kidding me.....payday loans or any of those type of places....has way larger interest loans than do credit cards....
I also believe on 20/20 they did this thing upon those kind of places and sometimes they can and have charge people about 900% interest on the loan...I'd rather take out a loan from a loan shark than from them....
If I were you you should open up a loan with a bank or at least take out alot on your credit card....at least they don't charge up the wazoo for interest......
2006-12-31 14:47:08 · answer #3 · answered by mailjunkie123 3 · 0⤊ 0⤋
You can't. If you get payday loans to pay other debts, you will stil owe the payday place. It's robbing Peter to pay Paul.
2006-12-31 14:52:47 · answer #4 · answered by crazydave 7 · 0⤊ 0⤋
you cant
payday loans are loans with VERY high interest rates.. it becomes a vicious cycle of loans, paying, not being able to pay so you take out another loan to pay the first..etc
2006-12-31 14:50:06 · answer #5 · answered by Mopar Muscle Gal 7 · 0⤊ 0⤋
File for bankruptcy. But it’ll be on your credit for several years. It'll probably not the best way to go.
2006-12-31 16:01:46 · answer #6 · answered by UnknownJaneDoe 2 · 0⤊ 0⤋
find better funding than short term crooked loans, maybe some additional part time work...
2006-12-31 14:52:20 · answer #7 · answered by klunk 4 · 0⤊ 0⤋
Perhaps bankruptcy but keep paying on it until you get a notice saying it's not your responsibility.
2006-12-31 15:28:00 · answer #8 · answered by dlm1ok 3 · 0⤊ 0⤋
believe me u will never get out of debt its part of our live.maybe for awhile
2006-12-31 14:45:53 · answer #9 · answered by paul r 2 · 0⤊ 0⤋
It's hard to do with one, much less several.
2006-12-31 15:52:27 · answer #10 · answered by Anonymous · 0⤊ 0⤋