3 Comments

1. Brien Private Finance says:
   March 6, 2010 at 9:11 am

   Its worse than “not a good idea”. It could ruin your finances for a very long time. Please do not take out a payday advance. I have not heard of anyone who ever took out a payday advance saying that they were happy with their decision. There are always more options. Have you tried talking to your creditors? A payday advance should be the last alternative, and should be used to make sure you don’t go to jail. Otherwise, it is a bad decision.
2. Roger says:
   March 6, 2010 at 9:21 am

   Sorry to hear you have a cash flow problem.

   If you lived in England my advice would be to ignore these sharp practice merchants with their very high interest rates but to go to a Pawn Broker and pledge say a television set ‘ jewelry etc say till the end of the month for say £350.

   Then at the end of the month your goods are retrieved from the Pawn Broker for £350 plus a fixed fee of 10% ie an extra £35 giving £385 in total.

   This method will always cost less than going down the Pay Day Advance Clowns route.

   Hope your fortunes improve.

   Good luck Roger
3. Budget Blogger says:
   March 6, 2010 at 9:57 am

   There are times when a payday loan can be less expensive then getting utilities reconnected, or bouncing checks. The important thing to remember is that a payday advance is a short term loan. You really need allocate your money carefully so you can repay the advance when it is due. You can look at my blog for more information http://www.budgetblogger.com, or try this payday loan website http://www.USApaydaylenders.com.