SOWPub Small Business Forums  

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Ordinary housewife makes $120,000+ a year in her spare time, using a simple idea, and her driveway!"

Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here


Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old August 30, 2018, 09:42 AM
GordonJ's Avatar
GordonJ GordonJ is offline
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 2,282
Default It is an act of desperation, but for a small % a viable option.

Originally Posted by CharismaCheck View Post
Hey everyone, I am searching for a new job now and I am running out of money slowly. What it's better to do in my situation. I've been reading payday loans online reviews for a few days and found some good offers but is it really a good Idea to solve the issue that way?

Unless you have a PLAN, I strongly advise against a PayDay loan of any kind. What will you use the money for? See, it goes like this,

One hasn't enough money to cover a debt or bill, so they borrow. Normally against an incoming check of some kind. Others require collateral, the pink slip on the car.

So, how do you payback the loan? What happens in most cases, it creates a vicious cycle of borrowing, again and again. These predatory lenders know how to make THEMSELVES MONEY, and how to squeeze you if you don't have any.

I think it should be a last chance option, especially for someone without a job.

What sort of job are you looking for? What is that market looking for and how long do you have to look? If considering a PayDay loan, it means you are running out of time.

Is there any part time work, any "chores" type work you could do to keep you afloat?

Do you have ANYTHING to sell? But most important, what is your PLAN to get either back on track, or on track so you don't need to consider this desperate option?


PS. As most review sites, the one you linked to is an affiliate of their top selections...hardly UNbiased in my opinion. Also, NONE of these predatory lenders will give you an unsecured loan, for something like that, you need to turn to family, friends, or crowd funding.

Last edited by GordonJ : August 30, 2018 at 10:30 AM.
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...

Rare "insider" peek at development of a direct mail piece...
Joe Cossman. Worth a watch.
How to evaluate a Biz-Op like a Shark, for fun and P R O F I T !!!
How about a review of ideas? Business, life and everything else.
NEW and different COPYWRITING course. Limited.

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | The Great Ideas Letter on CD | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Writer's Friend (software) | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person

All times are GMT -4. The time now is 04:41 AM.

Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.