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Need Cash For Any Reason - Bad Credit - No Credit - We Can Help!
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Thinking about taking out a payday advance loan
but worried about falling into a debt trap? Read this real-world
scenario of how one person navigated the maze of payday advance
loans to stay out of debt.
Ever wonder how some people manage to take out expensive payday
advance loans and still come out on top financially? It’s not
easy, but it is certainly possible. This is the story of Emily,
one person who used a payday advance loan to dig herself out of
a financial rut.
Emily’s charge card, car payment, cellular phone bill, and
rent were all due in three days, $1,500 total. Emily had $500 in
the bank. Her monthly pay check wouldn’t come for ten more
days, and her boss said no to a payday advance. Loans were out
of the question, she thought. She needed the money in three
days, and a bank loan would take that long just to mail her the
paperwork. |
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Payday loans are short-term
cash advances designed to meet your emergency financial
needs. Payday loans are also perfect for those times
when you need a little extra cash for unexpected bills
or special occasions. The fee for a cash advance is
$25.00 for every $100.00 borrowed..(More) |
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If Emily was late paying her $300 credit card
bill, she would incur a $35 late fee which would make her
balance exceed her credit limit, earning her a $50
over-the-limit fee. She couldn’t afford to be late on her car
loan, cellular phone or rent, even though there were no late
fees. Having paid each of those bills late a few times in the
past, she’d be skating on thin ice if she did it again.
Emily decided to apply for a cash advance payday loan. She knew
it would be foolish simply to trust a lender of these loans for
information. Searching on the internet, she found a website that
did not belong to a payday advance loan lender, but instead
reviewed the payday loan lenders.
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Approval takes only minutes
and funds will be available the very next day! We cash
personal checks and hold 'em! Even if you have bad, slow
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She visited the website of online payday advance
loan lender that was rated particularly well. Emily knows there
are a lot of cheats on the web, so she was careful. Here’s
what she looked for:
• The loan company’s website had a link to the Better
Business Bureau. Clicking on the link, Emily saw the company’s
record: member in good standing with no unresolved complaints.
• The loan company’s application clearly stated what the
fees were, and what the annual percentage rate (APR) was. It
also stated what penalties Emily would have to pay if she did
not pay back the loan on time.
• Looking at a few other websites, Emily saw that the original
loan company’s loan terms, fees, and interest rates were
competitive.
• She double-checked that her upcoming paycheck would be
enough to cover all her outstanding bills.
• She then checked into all the bills she would have to pay in
between her upcoming paycheck and the one after that. After all,
with her next paycheck going to repay the payday advance loan,
she would need to make sure there was enough money left over to
pay her remaining bills. She didn’t want to have to take out
another loan after that.
• Emily figured out that she would have $300 left over after
she paid all the bills between now and the next month’s
paycheck. Living for 40 days on only $300 would be a challenge.
But she decided she could do it if she economized. She would
bring her lunch to work rather than buy it in the cafeteria, and
give up going out at night--including un-inviting herself from a
co-worker’s upcoming birthday party at the neighborhood bar.
• She posted notes on her refrigerator, steering wheel, and
wallet, reminding herself not to make too many car trips, waste
food, or splurge. She made herself the goal of reading several
books she’d always wanted to read, rather than going out. She
got them free from the library.
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Need cash quick but you're
caught between paydays? We have the solution.
By filling out this 2-minute application
you may qualify for a cash advance for up to $1,000 with
a participating lender!...(More) |
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Fully prepared, Emily took a $1000 cash advance
from the ABC Loan Company and repaid it on the 15th along with a
$50 fee. She saved $85 in credit card penalty fees. She also
stayed on the good side of her landlord, car loan lender, bank,
and cellular phone provider.
The experience also brought home to Emily that she was living
too close to the limits of her paycheck. She realized that she
would be better off moving out of her studio apartment, into a
room in an apartment of a few friends. She’d also save money
on gas by moving closer to work.
Today, Emily is grateful to the payday lender for saving her
from financial disaster. She’s also proud of herself for being
able to stay out of the debt trap so many other payday cash
advance borrowers get into. She recommends to all her friends
that if they ever get a payday loan, they do their homework,
just like she did.
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