Legal Loan Sharks

Have you ever heard of the term "Loan Shark? Well, Loan Sharks were people in your neighborhood who gave loans to people at absurdly high interest rates, and if you didn't pay back the money at the agreed upon time, something terrible would happen to you or a family member. Needless to say, this type of extortion was illegal, and quickly stamped out by local and federal agencies. No longer would the common man or woman be oppressed by this scandalous fish who preyed upon the simple, weakminded, balanced-budget challenged individuals! Well, those who don't know their history are doomed to repeat it. The loan sharks have resurfaced, but not in their original form. They have shaped themselves into a more contemporary form-payday loans. That's right. I wrote PAYDAY LOANS. Why are you looking at the screen like that? Have you ever taken out a payday loan? I have. It makes sense and sounds so easy, right? Just a few bucks to tie you over until the next payday. What you fail to realize is that when payday comes around, you have fewer dollars than what your check says because of the absurd interest rates! And you can't stall, or make arrangements because they have a copy of your check! Refusal to pay is writing a bad check, when in reality, you didn't write a bad check. Its used as collateral for taking out a loan. In a regular bank, collateral is something tangible, not something negotiable, or even a potential. This legal loophole could not only damage your credit, but damage your criminal record as well. Don't believe me? Check out this website: http://www.paydayloanshark.net/

If you find yourself constantly in need of money or always borrowing, its likely that your lifestyle is not supported by your income, or you are a terrible manager of money. In either case, you need to rearrange your priorities, and stop putting your life in the hands of the legal loan sharks. If you need help with your budgeting, click on the following website: http://www.mvelopes.com/mvelopes/sales/budget.php?cpn=KNC-obudget

Being debt free begins with you.