I have been in the payday loan crunch for several years now and trying to get out of the trap,need advice on what kind of a loan i can get to totally get rid of this payday disease,it seems to consume my check and then some,I already work full time and considering getting a 2nd job to stop this trap that won't let me go..PLEASE Help .Thank You
2007-08-03 07:53:34 · 10 answers · asked by Bluerose005 1 in Business & Finance ➔ Credit
Payday loans are like drugs. You get addicted to them and they use up all your money! just cut off the loans. If it means you are late on a few bills then just be late. it will be easier to get the bills caught up then to ever get out of the payday loan addiction.
It will be scary but you can do it!!
2007-08-03 08:05:14 · answer #1 · answered by spunky monkey 3 · 0⤊ 0⤋
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RE :Please someone tell me a way to get out of the payday loan crunch when payday loans eat up a big part of my?
I have been in the payday loan crunch for several years now and trying to get out of the trap,need advice on what kind of a loan i can get to totally get rid of this payday disease,it seems to consume my check and then some,I already work full time and considering getting a 2nd job to stop this trap that won't let me go..PLEASE Help .Thank You
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2016-10-16 07:30:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I used to artwork for examine N bypass. i be responsive to that alot of those payday own loan companies are a factor of the CFSA, and subsequently follow CFSA regulations. in case you study the positive lines, they won't be able to prosecute you for no longer paying returned the non-public loan. this is going to bypass with the aid of a series corporation, yet it particularly is the place it stops. in case you do prefer to pay returned what you owe, you besides would have the superb to an prolonged fee plan. examine to verify if the payday own loan organisation you're with, is a member of the CFSA.
2016-11-11 03:11:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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RE:Please someone tell me a way to get out of the payday loan crunch when payday loans eat up a big part of my?
2014-07-04 20:06:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
These loans are outragous! The give you a few hundred and your paying back thousands! The best thing to do with these loans is to pay them off as soon as possible and don't except the extensions where you just pay that insane interest amount!
2007-08-03 08:08:59 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Your answer is in your question. What kind of loan can I get to get out of this??? Why not stop the cycle of loans and get another income source.
Do not take out another loan or think that is the solution. The 2nd job is the best idea.
2007-08-03 07:57:50 · answer #6 · answered by Joseph T 4 · 3⤊ 0⤋
You need more income & to reduce your expenses.
A loan started the problem, What makes you thing another would fix it? Your borrowing from Joe to pay off John. Either way your still in debt.
2007-08-03 08:00:30 · answer #7 · answered by thomas 7 · 1⤊ 0⤋
I must agree with the second poster. Your problem is you keep borrowing money to pay off other loans when what you really need is either a better paying job or a second job so you can quit borrowing money and live within your means.
2007-08-03 08:12:01 · answer #8 · answered by ? 7 · 0⤊ 0⤋
Get the second job and pay every dime to the debt. Also make sure the loans are still legal in your state. MANY are not!
2007-08-03 08:01:44 · answer #9 · answered by Anonymous · 1⤊ 1⤋
I had the same situation going on for a few months. I'll tell you what worked for me. You will have to keep getting them, but get a smaller one each time. Just go down incrementally and pretty soon you'll have the lowest one and you'll pay it back and not need another one.
2007-08-03 08:02:42 · answer #10 · answered by cashmaker81 6 · 1⤊ 1⤋