Sherry J. -

The worst way to spend a payday loan is to pay bills, other payday loans and bank overdraft fees. You are chasing your own money, paying interest and still have to repay all the payday loans. At first it feels like you are getting ahead by paying the bills so they aren't late. The next time you have to pay the bills and the payday loans and may not have enough to cover everything. If you get another payday loan, you will stack bills and interest on top of each other digging a financial hole that's hard to crawl out of on your own. I tried taking a payday loan to the casino to play slot machines and win a jackpot to pay off a loan. That was a stupid thing to do. Why do the casinos have all the money? Because you can rarely win a jackpot before your money runs out. Don't do it!

mary -

I know there are probably worst stories than mine but I just dont think we use cash advances wisely when it comes to late payments. No matter how we want to desperately get out of debt, when we have bill collectors calling, we sometimes seem to miss the whole point of a cash advance. You see I had an account on a personal loan I made where your interest is like 25% or more but I the time its ok because someone is lending you money and you need it. But once the calls come in for late payments, it doesn't seem too good anymore. Then when you try to pay off it seems forever. So what I did one day was to ask for a cash advance on my paycheck to pay on a late payment that by the time I got my paycheck I was hurting for money for gas and groceries. Its a desperate call but its something I hope I dont ever do again. I have three children and being in that debt doesn't do much for either of us. So in other words, dont ask for loans that will leave you no money in your pocket unless its really an emergency! Thanks Mary Del Rio, Tx

james d g. -

My advice would be to get a loan from National payday when you see that what’s coming in is way short from covering what’s got to go out. I like to look ahead and see if I’ll be able to pay back the full amount on the first installment, to avoid the finance charges for any balance left, in case I can’t pay the full amount when it’s due. This helps me to budget my money to pay bills, have extra for miscellaneous things and not worry about the next check when it comes in.

Jacqueline M. H. -

This is just some advice on using a Payday loan. Know all the terms and conditions. Well I guess you need to pull the tissue box out. I acquired a Payday loan and I was not told about when a Holiday comes around and its your due date as well that they withdraw their payment that workday before the due date if it is a Holiday and I was not prepared for the early withdrawal. My advice for any future business with a Payday Loan is to inquire about the Holidays if it falls on a due date, plus it was not in writing in the terms and conditions. Fortunately for me, they were very understanding and did not penalize me, but I still had to pay the overdraft fee at my bank.

Teresa -

One of the wrost ways of not using your payday loan is not using it at all.not taking advatage of getting a loan and not using it on yourself or bills you know that have to be paid or a gift to a close friend who may have a spical event( birthday party) coming up or a hoilday (mothers day )or you may need to replace a few clothes in you wardrobe for a vacation coming up.I think if you didn't get a payday loan and knew your banking acount was with negitave amount in it with overdraft fees that would be the worst because a bank charges more that getting the loan.