Payday Loan Customer Comments

Staying Poor

Payday loans are designed to keep the poor just that poor. It's a vicious circle that once you fall into it, almost never can get themselves straightened out. The payday loan system was designed to lure not the part of society that owns a platinum American express cards, but the poor and the unfortunate that cannot make ends meet every two weeks and finds themselves in front of these payday loan companies hoping that this will be the last time they have to subject themselves and their families to such humiliation.
Therese M.

Young Spender

When I was in 8th grade, I took my mother’s stash of cash from her last payday loan and went shopping. I spent a couple hundred dollars, all of which were $100 dollar bills. This was before everyone had access to payday loans and things like this.
When my mom found out that I had taken the cash from her payday loan, she was shocked. When she asked me what happened to her stash, I told her that I had taken it and she wasn’t mad at me but she was furious with the department store for allowing a 13 year old to spend so much money at one time and with such large bills! She was also mad that they never even asked for an ID.
My mom called the payday loan service head and they credited her account for half of the money so she only had to pay a little bit on the payday loan. These days’ payday loan companies would not be so nice.
Jenna G.

Stable Job

Well having problems with payday loans hasn't personally been a problem with any of my close friends because we all believe that we shouldn't get payday loans until we have a stable jobs. But I have seen acquaintances struggling with payday loan debt. The problem that most of my acquaintances have is that they want a quick fix.
So if one payday loan is over its due date, instead of getting a job to pay for their debts, they choose to get another payday loan and continue spending money they don't have. And many of these people don't realize that the quick fix offered by payday loans is only going to make matters worse in the long run. These friends depend on their parents, to pay their payday loans off when they don’t make their payday loan payments.
Not many of them have stable jobs, and the jobs they do have don't pay very well. I've also seen friends who know how to manage their payday loans, and when they are in a bind they use their payday loans to get them out of trouble. The difference with these friends is that they know when to say no when they can't afford something rather than running out and getting a new payday loan. They also know how to budget their money and income, to be able to make the payments on their payday loans. The last thing that makes them different is that they have stable jobs, so they know that a source of income is coming soon so that they can make their payday loan payments on time.
Nia J.