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Sorry for the off-topic but I know that here I can find people that can help me!
I work as a freelancer and I win enough money, but this month I am verry low on cash and to pay off my bill I am thinking of geting one of those payday loans.
If anyone here has any options or advice please tell me!
debt
To answer your question (from my 'personal experience' with PDL's..) NO...they are NOT the answer. Just to put a bit of 'light at the end of the tunnel', kind of thing, for you, we ALL have been short of cash, etc. You may get the extra money NOW, but,...later on you will have such HIGH payments coming out of your paychecks, etc. PDL Co's give your information out to different agencies and they NEVER leave you alone. Nope...not a good idea to get one.
Hi Stittycig,
No, taking payday loan is not a good idea. The payday loans come with very high rate of interest. You might be able to pay the other loans with this money, but later on you will have problem to pay off the payday loans. Payday loans can get you trapped inside the vicious circle of debt. Try something else but no payday loans. Ask any of your friend or family to lend you some money to pay your debt.
pdl
Ain't it the truth!!!!!!!!!!!!! PDL's can be one BIG nightmare!! You'll get to the point where you would not have any money left because you're paying all of the super high fees. It's very difficult to get out of that 'cycle'.
money problem.. are payday loans the answer?
Payday loan is not a good idea for you. You can go for a secured loan whose interest rate is lower as compared to payday loan. You can repay your existing debt by taking a secured loan .You can make one single monthly payment instead of several monthly payments.
credit
If you get a PDL, you'll be paying all kinds of 'fees', a very high % rate and may even have trouble paying it back. Alot of them are illegal. If you are considering it, be very cautious.