Put The Credit Card Down (get a payday loan instead)

Posted by Alona in UncategorizedFeb 6th, 2011 | no responses

When it comes to paying for something with money that you just don’t have, don’t forget that the duel between credit cards and payday loans is really a one sided battle; with payday loans winning every time.

Back Away From the Credit Card

Credit card balances; who needs them? Do you get that sick feeling every time you start to open the envelope they send you every month, because I used to. That balance just gets bigger and bigger; and you keep sending more money and more money, and you just never seem to catch up. That my friend, is a giant crater you’re digging yourself the likes of the Grand Canyon; you’re going to need a miracle to pull yourself up out of there. Let’s say you don’t slap the credit card on the counter to buy crazy stuff. Let’s say you go to an ATM and get yourself a quick little advance. Do you know what the fees are that you’re going to pay on that little advance? Well if you just said no, you’ve got no business getting an advance on a credit card; you in fact, have no business having a credit card. And if you think that the interest doesn’t compound if you don’t pay it off right away, again; you just shouldn’t have a credit card.

Payday Loans Are Our Friends

It’s true; you will be charged a fee for a payday loan. Here is something else that’s true; it’s nowhere near what your credit card company is going to charge you. Once you pay that loan back, on your next payday, you and the payday loan place are done. Try being ‘done’ with your credit card company. Not only is it difficult it looks bad on your credit report. As long as you pay off that payday loan your credit report won’t know the difference. Stay out of credit card debt. Get that payday loan online, pay for that necessity, pay it back next payday and be done.