Quick Payday Loan - Three Different Perspectives

By: Apurva Shree

Let me tell you a story about three friends I will call Tom, Dick and you guessed it, Harry and how each one handled his quick payday loan differently. Now, the three friends were working together in an automobile showroom and were making decent money. As luck would have it, one day they went broke at the same time. Mr. Jarvis, their boss, was very nasty on advances and so there was no question of asking him. Our friends decided that an online savings account payday loan was the only way to save their lives.

Tom needed a quick payday loan to make a visit home since his mother was in hospital. He was out of cash since he had just made a down payment on a small apartment and you know how much these things cost now days. Having applied online for payday loans, Tom got a quick mail back saying he was eligible and that the $1000 he needed would be in his account by the next day. After Tom got back, he checked his account and found that he had $350 still left over. He sent the money straight back to the payday loan store. As payday came, Tom was in the clear and he had a reasonable amount to see him through to the next month as well.

Dick needed the money urgently too - his car had simply gone kaput one day and putting in a new cylinder head was costing the earth. Fed up with waiting for transport, he decided to use a payday loan to repair his wheels. He figured that with the time he'd save on commuting, he could put in a little overtime and clear the loan off. A quick payday loan was the answer to his troubles and as you may have guessed, Dick had no difficulty in clearing off his loan as planned.

Harry as always was different. He looked at a quick payday loan as an easy option to raise cash regularly. This weekend he simply had to take a girl out to the movies followed by a dinner. Guess what he did? I won't fill you in with much detail besides telling you that four weeks after his dinner date Harry is still struggling to clear his quick online payday loan.

Is there a lesson in this story? Sure there is. I don't think I need to really spell it out; a quick payday loan can be a bane or a boon. You decide how to use the facility. You can use it to get some order back into you life or you can use it to get deeper into trouble. Choose wisely.

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