All payday lenders say they are just providing a service, an while that is true – they are absolutely taking advantage of people that are in dire straights.
And if it’s such a great service why is it illegal in many states?
And if it is legal in your state – stay away from them!!
But no matter how many times people are told that payday loans are the worst thing you can use when in financial trouble. Americans will spend more than $7.4 billion on payday loans this year.
Over 700 payday borrowers were interviewed and 7 out of 10 of them are using payday loans for everyday expenses like rent and utilities.
And once people do they end up in a very vicious cycle of payday loan debt – some so bad that people are filing for bankruptcy.
If you need money – ask friends – sell or pawn property but never get a payday loan.
If you are caught in the payday loan trap give us a call we can help end your payday loan debt TODAY!!
Cheers
Leo