Payday loans are called "predatory lenders" because they are predators! They prey on people that are in financial crises, thinking that you won't read the fine print, or that you are too desperate, and you'll comply with their deal, meanwhile the horns on their head are popping out, and why? Because they are messengers of Satan!
Now, in theory, while all the owners of the payday institutions are gasping in horror from this accusation, they say, "We do no such thing, we encourage consumers to borrow responsibly." Yes, their commercials say to only borrow what you can repay, but the huge rate at which you must repay them is insane. I don't recall the exact statistic but it was, I think 300% of what you originally borrow, it is a ludicrous amount.
So let's focus more on how we can get you out of this situation.
If you are short on food, contact a local soup kitchen or food closet - they can help you out. The American Red Cross may be able to assist you in this manner.
If you need prescription medication, check with your MD and see if they have free samples.
As for gas money - and who isn't feeling slapped on these prices - if you're on the bus line, check with a non-profit agency and see if they can offer you bus tokens.
If you have a bill of some kind due, it is always better to call the creditor, let them know what is going on, and try to make arrangements. Take it from me, been there many times, when you work with them, beat them to the punch so to speak, it is much better than them stalking you by phone or letter to get payments.
Finally, although it may hurt your pride, have you considered asking family for help?
Oh, one other thing - have you filed a police report?
And finally, if you are very, very, very desperate, you could consider doing a cash advance from your credit card. But use this with caution- credit card debt mounts quickly, is not easily paid back, and carrying a heavy balance (in comparison to your available credit) isn't good for your credit rating. Only use this option if you are in a serious, serious situation.
Best of luck to you.
2007-07-26 13:13:12
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answer #1
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answered by Anonymous 6
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Payday loans are HORRIBLE, GREEDY RIP-OFFS!!!
They charge interest of nearly 400%!!!
I would see if family or some other kind person would GIVE you some gas money.
2007-07-26 12:53:49
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answer #2
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answered by Anonymous
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I recommend you to check this site that can solve your doubts WWW.FINANCE-SOLUTIONS.INFO
RE:Online Payday Loans?
2014-07-17 15:48:46
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answer #3
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answered by Anonymous
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There are lot's of services online that can take care of this. But take care not to make any advance payment.
2015-10-31 23:27:44
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answer #4
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answered by Ojuor 1
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