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PERSONAL STORIES FROM PAYDAY LOAN BORROWERS

There are as many reasons for obtaining a payday advance loan as there are stars in the sky. Here are some personal stories from everyday people who have used a pay day loan to meet their short term consumer credit needs.

 

They already had one child, with another one on the way. There were bills to pay. Mouths to feed. And doctor visits that would cost a little extra. Angela thought about going to their families for help, but didn't want to do that. They weren't sure their credit history would warrant a loan, or if they really needed that much money. They just needed a little extra to get by.


Christopher is in the smile business. He works part-time as an anesthesiology technician at a dental office – while attending school to become a certified anesthesiologist. When his car broke down, Christopher was in a bind. He didn’t need a huge loan, but he did need to get his car repaired to get him to work. If he missed work, he wasn’t going to be able to pay for his classes..


When Kenneth wanted to buy his kids toys for a special occasion, he needed a small amount of cash just before he would receive his paycheck. So he looked at his options and took out a payday advance.  


“I learned about payday advance from a friend who had a good experience using it. And, I am so glad that the service was there to help me. I would definitely use it again if I needed the option. It helped my family out of a tough situation,” said Michelle..  


Interestingly many of the payday loan borrowers interviewed by the CFSA have avoided applying for credit cards. While it is true that nobody should take on any more debt than necessary, a cash advance from a credit card may be a cheaper alternative than a no fax payday loan. Even if you have no credit or bad credit you may still be able to get a new credit card. See Compare Credit Card Rates



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