This Article is About
payday loans
payday loan companies
brick and mortar stores
high interest rates
full time job
brick and mortar
bad situations
average person
Pay Back Payday Loans The Easy Way
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Pay Back Payday Loans The Easy Way

School is back in session all over America, and stay at home mothers and fathers are now finding free time to take a part or even full time job to catch up on bills. Many of these responsible parents are doing this to pay back payday loans they may have unintentionally defaulted on, and hopefully they will pay back payday loans the easy way.

Responsible? Then why are they in default?

Today's lending practices leave quite a bit to be desired, and it is very easy for good people to find themselves in very bad situations with short term cash loans.

These loans are set up to trap the average person and rob them blind in roll over fees, counter fees and incredibly high interest rates, as high as 2000% annually.

The companies actually want to trap the borrower and fee them to death, so to speak.

Why do people take them out?

People get under the gun for cash and these companies provide it and provide it quickly. Online loan companies can get you cash within hours into your bank account, and local brick and mortar stores are everywhere.

These loan companies are very wise and business smart. They plant their stores in high poverty areas that have an abundance of people with bad or no credit, and they prey on them.

Landlords will steer tenants who are short on rent to these loan companies, not caring what happens to the borrowers.

In other words, it is open season on the poor and disadvantaged.

Once they get you to take out a loan, they have you. The average person who takes one of these loans out will roll it over between 4 and 5 times, and the fees add up so fast they then need another loan to cover the first loans interest. In other words, they are now trapped in the payday loan trap.

Payback the easy way?

If you or someone you know are in the position mentioned above and are ready to get these loans out of your hair forever, you can either pay them back on the payday loan companies terms and pay incredible amounts of interest or you can be smart and contact a payday loan consolidation company to help you get them taken care of.

These consolidation companies can stop and even reduce the interest, stop all harassing calls and threats, and set up one simple bi weekly or monthly payment plan that the borrower can afford.


If you are in need of consolidating your payday loans, fight back, get hold of one of these companies, and get rid of these things once and for all.

The only good payday loan is the one you never take out!

Do you have any horror stories involving these payday loan companies? Please share them below!

Please feel free to share this article and leave any questions and comments below!

Street Talk

Very informative article with good information. Excellent linking.

  about 9 years ago

Thanks Robert.

  about 9 years ago
Anna Ware  

You are relly helpfull too people that have this problem. Brilliant article.

  about 9 years ago

Thanks Anna. As long as they are here, we will be too!

  about 9 years ago

Good advice for anyone caught in these payday loan traps. The interest they charge is criminal. They can get loads from the bank at 2-3% and then charge over the odds from folks on the street. Should be banned, the government needs to shape up!

  about 9 years ago

I agree! Seems money brings out the best in people.

  about 9 years ago

And worst...

  about 9 years ago

Nice article. It is sad that this lending practice is still legal.

  about 9 years ago

Adam, watch for some articles on why it does not even matter if they are illegal. I will be writing on that subject next. Thanks for reading!

  about 9 years ago

Great Article Shawn, I see a lot of these loan places around here in suburbia USA. Most are located within or close to strip malls along with Title pawns, gold buyers and the run of the mill pawn shop. All 3 do a thriving business. You are right about feeding on the poorer people. Many of the strip malls I mentioned,are in neighborhoods where apartment complexes and rental units make up most of the population.

  about 9 years ago

Seems there is never a shortage of creeps that work there either. Thanks for reading William!

  about 9 years ago
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