the worst way to use a payday loan is to misuse the priviledge of having a payday loan. meaning , you get bogged down going to a bunch of payday loan stores, then you dont have enough money to cover paying them all back. i know someone who had over 10 payday loans. when they were due , this person didnt have enough money in the bank to pay the loans back. its not good to have more than 3 payday loans or else you will be robbing peter to pay paul.
Worst Use for a Cash Advance
THE WORST WAY TO USED A CASH ADVANCE IS TO GAMBLE. I GOT A CASH ADVANCE TO PAY MY GAS BILL INSTEAD I PLAYED LOTTO AND CONTINUE PAYING UNTIL I HAD SPENT ALL OF IT. MY GAS BILL WAS LEFT UNPAID AND GOT TURNED OFF AND I STILL HAD TO PAY EXTRA TO GET THEM BACK ON AND ALSO HAD TO PAY THE CASH ADVANCE BACK. I ALSO HAD TO BORROW MONEY FROM A FRIEND TOO PAY THE GAS BILL AND THE CASH ADVANCE BACK. I WAS NOT A HAPPY CAMPER. I WOULD NEVER LIKE TO EXPERIENCE THIS AGAIN IN LIFE.
I THINK THE WORST WAY TO USE A PAYDAY ADVANCE IS TO USE IT TO PAY OFF ANOTHER PAYDAY ADVANCE FROM ANOTHER COMPANY. YOUEND UP DIGGING A DEEPER HOLE. NOT GOOD!
Only borrow money when you know you can pay it back, never hope that you are going to wake up to a money tree because that is never going to happen. The worst use of a payday loan would be taking the money to lend or to pay back another loan. If you don’t have the money to lend then say sorry can’t help this time. And if you don’t have the money to pay one loan what makes you think you can pay this one? Never rob peter to pay paul. I did this once and it had really created a problem for me. Bills come up sometimes and we might not of budgeted right so I think that pay day loans are a great way to get caught up. I think that if you are going to use the service of a cash advance you really need to make sure it is a short term loan. My last advance I have been only able to pay the min. amount due and let me tell you this can really cause a problem because of the fin. charges. You can end up paying 1500.00 on a 600.00 cash loan. Be wise with your money and know that loans are always great but they always have to be paid back. I will say thank goodness for these types of loans when we are in a bind and need some quick cash. Thank you to all the people at National Pay Day.
The worst way to use a cash advance payday loan. Well, this is going to be from another point. For me, the worse way to use a loan is for an emergency purpose, like taking your child to the hospital. My 5 year old daughter has Osteogenesis Imperfecta "brittle bones" and when she breaks we have to drive 4 hours to take her to her orthopaedic doctor at Johns Hopkins. This just happened last month when she broke her arm by hitting her older sister. One of the worst things to do. So, with the gas prices being so high and not having any extra money before payday, we had to use a cash advance loan to be able to afford to take her to the hospital to have her arm splinted. That is why this for me is the worst way to use your loan, because I would rather my daughter not break and if we need a loan, to use it for bills and not for gas and food expenses from traveling to the hospital with your child who is in a lot of pain. Thank you.
The worst way to use a payday loan is using it when your already drowning in debt. When you see that a payday loan is going to put you in more debt causing you stress and aniety, because you know in your heart that you can’t see how your going to pay it back you should’t get a payday loan. A payday loan is use to help in emergency situations not for a debt solution. If you are overwhelm with debt see a credit or debt conselor, because that have many non profit organizations to help you with debt solutions. The payday loan company are use for short term help not long term.
I think that the worst way to use a payday loan is to pay off another loan. You will constantly have an outstanding loan. As hard as you try to pay it off, it just keeps growing and growing. I had a payday loan and i did have to get another one to pay it off. It actually only paid off the part of the balance. I still had a $90.00 balance due to the interest that is charged. When you get a payday loan be sure to read all fine print. I thought that i had it paid and i didn’t. My next payday, i was very surprised to learn that the 90.00 was deducted as well as the interest on the new loan. So please everybody. BE CAREFUL!!!
I think the WORST thing you can do with your payday loan is by not using it for a good cause… spending it to splurge on things you don’t really need or gambling with the money… chances are you’ll have more debt than you could ever imagine… i think using it to pay another loan is not too bad because somehow, it helps you get the load off when the deadline comes to pay the old loan… which is what i have done in the past… if you have no money to pay for an old loan, you can always try another loan to pay it… that way , you don’t need to worry about where to come up with the money… But the REAL bad thing you should never use it for is GAMBLING or SPLURGING on luxury…
The Worst Way to Spend PayDay Loans $ Scenario…Much like an old country western song; After losing my job, having my only vehicle break down, breaking up with my spouse (who, by the way was the only bread winner in the household), and spending my last $20 on a weekend self-pity binge I happen across PayDay Loans while surfing the web. I apply for the loan, thinking "This is how I’m going to get myself out of this valley in my life". I receive the loan, only to find myself, purchasing $400 worth of scratch off tickets!!! Wow what a great plan!! I could win thousands!!! I scratch off every last ticket and add up my winnings, which ends up being a total of $78.00…(hmmm, not quite what I expected, but let’s try again…). I purchase $78.00 worth of scratch off tickets…again, I have only made $12.00 back…so I head to the local pub, purchase myself a beer and $7.00 worth of pull tabs. It’s a miracle!!! I won……………….NOTHING!!! Here I sit, no job, no car, no bread winner and a loan for $400 that is due and payable in two weeks!!!!!
The worst way to use a payday loan is for entertainment. At the time, you might come up with ways justify the reason for getting this loan, but there is no good reason for getting a payday loan for entertainment. The reason this is the worst way to use a payday loan is because entertainment is temporary and will only add problems causing the situation to worsen. It will be hard to see the benefits of the loan when the scenario has ended. In times like these, we must be very careful not to make unwise decisions. We are now inundated with so many unexpected increases that our decision to get a payday loan should be based on a specific need and not a want. So remember the worst way to use a payday loan is for entertainment, as it is a need that can wait until circumstances improves.