The Ever-Increasing Payday Loan Dose

Type “cash advance” and click “Google Search”

A few days ago I got a $250 payday loan. Read I Saved Money with a Payday Loan and Payday Loan Payback. I didn't like getting a payday loan, but I liked the alternatives even less. I don't use credit cards and except for my car loan, I'd never had installment loans of any sort.

But one day I was stressed about paying my bills.  I wasn’t even thinking of a payday loan when I sort of absent-mindedly typed "cash advance" in my search bar.  Then I clicked on "Google Search" and I discovered a whole new world.

Just say “no” to successive loans.

The world of payday loans is not a place I want to visit regularly or often. I didn't have to read very far before I realized that payday loans are the subject of strenuous, nationwide debate. I'm not too interested in the details — because I got what I wanted from a payday loan and I got right out — but my impression is that the problems stem from successive loans. And I can assure you that uninterrupted service is exactly what payday companies want to provide.

The minute I applied for a payday loan, I received an onslaught of emails from competitor companies offering me more loans. I also received emails from the company I used telling me that I could get bigger and less expensive loans if I kept getting more of them. At some point, after four or so payday loans, I would qualify for an installment loan. ... click here to read the rest of the article titled "The Ever-Increasing Payday Loan Dose"