Careful, They want your bank number.

| September 23, 2011 | 0 Comments

Payday was last Friday and you need a little bit of money to get you through until the next Friday. Your bank will not offer you a loan and any family has already said no. Using the internet as a resource, you search for ways to get cash until your payday. Then cash til payday loan appears on your screen. The number of places that want to give you money is beyond imagination. The few websites you visit, the rules all appear to be the same, pretty cut and dry.

When you start to go through the process, the application wants your work information and your bank account information. How embarrassing, they want to call your job to verify your information. The last thing you want is your supervisor knowing your situation. You decide to bypass this and go to the local cash til payday store down the street. In there the rules, interest rates and so forth are listed as a display much like a hamburger joint.

Now that you are face to face with someone, you learn the truth about these types of loans. Now remember, many people are in this situation every day, every week or even every month. This is a temporary solution to what seems to be a temporary problem. While deciding to sign up for this loan, it is discovered that the institution wants your banking information to withdraw the money from your account once your payday arrives. The biggest problem with this scenario, yes you will have money right now, but what happens when they withdraw the money from your account on payday and you don’t have enough to get you through the next two weeks.

To say this type of lending is not for everyone is wrong. This type of lending isn’t for anyone; it helps all those that fall prey to stay in the web of indebtedness. In the past it was easier to receive financial help whether it was from family, even the company you worked for would offer you some help until payday. Now are the days that money is becoming harder and harder to come by, even working for the money it doesn’t feel like it’s enough. If your bills are paid, the heat or air is on, the water is running, and your food is on the table, let it be, suffer and sacrifice. Payday is only around the corner, the money you earn won’t be taken by the lenders.

Category: Payday Loan

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