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Online Payday Loans

Online payday loans - are they worth the risk? Maybe, but be advised that the Online payday loans industry can be dangerous.

Online Payday Loans - Financial Anarchy

Once upon a time there was no such thing as online payday loans. What do you suppose consumers with bad credit or no credit did when confronted by a financial emergency? How do you think they defied the odds and came up with the cash they needed? Certainly, they had to have come up with some other alternative. Payday loans online are perfect.

Online payday loans since time immemorial

And so can you. Pretend the online payday loans just don't exist. On the one hand, it is good to live in a world with such a vast assortment of options - for times of crisis. On the other, it is bad to live in a world where the corrupt exploit the desperate to make a profit. But - certainly, that's been the way of the world since time immemorial. Right? This is the land of the free and the most cunning survive. Some just have an added sense. It is the ability to lock in with radar precision on those who are innocent and trusting. This is nothing new. It goes back to Neanderthal times, where only the smart and strong survived.

Past. Present. Future. It's all the same. Back in the day, the online payday loans surely had a different name - future robot land. Right now, it's the online payday loans that are a means for opportunists to take from the less advantageous. These fast payday loans are easy and often unregulated ways for the lenders to make money, so be advised if you are considering taking one out. As for the future, who knows what the prototype will evolve to.

Digest of online payday loans

So digest all this and remember, the payday loans are not regulated, not by the federal government and not by most states. What this translates to is absolute financial anarchy. The online payday loans providers can charge whatever they like, at random. As these loans don't function like traditional loans based on credit, the ROI comes in the form of a fee scale. Fees run the gamut. The APRs are absurd. The bad credit payday loans providers can charge whatever they like because the desperate and the downtrodden will pay it, not realizing what they get themselves into. When in a panic, it is human nature to make impulsive decisions. Don't jump on board with the savings account payday loans and justify it by telling yourself you'll figure out how to pay it back tomorrow. Figure it out in advance or don't borrow at all. That's the bottom line.

Public enemy number one when repaying online payday loans

When will the madness end? Many providers are now touting their no fax payday loans. Say it isn't so. Could it be possible to get cash that seamlessly? Will it hold up? Can you just feel yourself reaching out for the anonymity, convenience and ease - maybe a little style and grace thrown in for good measure? Dissipate your fears. Squelch fiscal anxiety. But pay it off on time or incur more debt. Don't get caught with your pants down and don't consistently "rollover" repayment of your loan. This is public enemy number one of the consumer.

An example of debt danger

The best display of the dangers of today's payday advance practices is found with military payday loans. These loans not only target a very susceptible group - young, hard-working, financially inexperienced but with a steady and secure government paycheck - they target a group of people who simply do not need them! the majority of military payday advances are used for unnecessary or trivial affairs - auto repair and purchase, shopping, or simply because they do not want to wait until payday to have a little well-earned fun. But when an average military base counsels 10% of their soldiers on financial hardship at the hands of payday loan abuse - and when the penalties of abuse range from confinement to court martial to discharge - this problem simply cannot be denied. A case study in how the payday loan industry works, and how it destroys a bright financial future.


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