With the holidays behind us, I wanted to pass on some information to those of you struggling to pay your past due bills. About 10 years ago, I was having a hard time making ends meet. I was constantly stealing from Peter to pay Paul and I wanted a quick way out. I heard about a place that would lend you money and you didn't have to pay them back until you got paid. So I did it. Again, and again, and again. Then, I heard of other companies offering the same assistance so I signed up with them too. It was three companies total. One wasn't enough because when I would go back in to pay them off, I somehow ended up falling short every time and needed to readvance. At one point, I was paying 45 x3 (135) every two weeks. Times that by twice a month. The bottom line, I was paying out $270 dollars in finance charges everymonth. The interest rate on their loans is off the charts. I did that for five years. That breaks down to $16,200 dollars. I put myself into debt so bad, I didn't know how I was ever going to get out.
Those companies are not designed to help people. They are designed to make money. You see the same people week after week, month after month, year after year going in to buy back their checks and readvance because there is no other alternative. Check into cash and payday advance will even cash your Welfare and Social Security checks. They have no conscience. I know it may seem like a quick fix to a money problem, but in the end its not. I don't care how far behind you are, there has got to be a better answer than this. Companies will work with you if you send them what you can, as long as you send them something. You can buy groceries at the 99 cent store if you have to or collect bottles and cans to recycle. Clip coupons and watch the sale ads. As the voice of experience, its not as easy to get out as they make it seem. My mother bailed me out once, but after a few months, I ended up in the same boat. An ex boyfriend bailed me out the second time and that was it for me. I havent been back. I wish there was a way to paint a warning sign on the entrance so that people will know what they are getting themselves into before they step thru the door. They have contracts with a bunch of fine print that makes everything seem so simple, but what it doesnt say that they feed off of desperate people. Please, don't get suckered in to their scam. Its the worst thing you could ever do. Trust me.