I am not ashamed to say that I have used payday loan before. I know there is a lot of bad press surrounding them. However it's a great way to obtain a guaranteed sum of money for people are in need of quick loans. And are in the position to pay it back within the agreed time frame
One of the things I noticed about Pay Day Loans is that they are advertised everywhere as a quick fix solution that is suitable for everyone. Personally I don't agree with this, they're not a one size fits all solution. When it comes to financial decisions it's really important that you think carefully about what you're doing and ensure that whatever decision you make is the right one for you and your set-up.
What is essential is that you ensure that you only borrow what you can afford to pay back - I know sometimes that seems like pointless advice, because let's face it - if you have to borrow in the first place then you probably don't have spare funds lying about everywhere.
most importantly if you find your are struggling often financially,
please contact Step Change. Step Change are a debt charity who give free debt advice & debt management. Step Change are fantastic, they will deal with contacting your lenders
so you don't have to, they are happy to give you advice when you need
Remember though, loans are great if they work for you - however sometimes it's important to ensure that you only borrow for what you need. Sometimes I am tempted to splash out left right and centre to treat D, but then I have to remember that the most important thing I can give her is my time.
If you do need to borrow money, there is nothing to be ashamed of - just make sure that you do your research and borrow in the right way, from the right company.