Contest Entries
What is the worst way to spend a cash advance or a payday loan? Well, after much thought, I think I’ve figured it out.
(Drum roll, please…)
Addictions. I sat and pondered a while and a lot of things came to mind, including gambling, buying unwanted nic-nacs, drinking and other addictions one may have. Using a payroll advance should be a last resort for a person who is in desperate financial need and must get a payroll advance to hold them over until their next payday.
Unfortunately, people get down to their last penny and still have a craving for something and will make their way to the local payday loan office and take out a high-interest advance. They’ll then take that money to the casino, the bar or to a five-and-dime. If it’s to the point where someone has to come back for a loan because of this, they need other help.
Use an advance for other important items that are top priority. Maybe rent is coming up and you need to make it, but payday is a couple weeks away. Or, maybe the car broke down and you need a last minute repair. No matter what the situation is, take a moment and think: do I really need that? Is it something that I’m willing to pay interest on and not gain anything through it?
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.
The worst way to spend a cash advance. I owe money on bounced checks, medical bills for my daughters surgery she had when she was 6 months old, car payment, rent, cell phone bill. My phone at the time was acting up and really old. Instead of just waiting it out and saving money I went out and bought a $300 cell phone. Paid for it in full to avoid signing another 2 year contract. But I also bought music from itunes, over $100 worth. I didnt get ahead in anything but one bill! I cleared up a $22.00 check that bounced. My worst decision I made in a while. :) I still owe money.
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.
i think the worst way to use a payday loan would be to go shopping.like when you really dont have money to blow but then you apply for a loan and get it and figure it would be ok to go to the mall or wherever and trust me you will get in trouble
