Since Payday is not Everyday…
At least once in our life, we all encounter getting short of cash for whatever reason. When that happens, we begin to count the days in the calendar til it’s payday again. Unfortunately not all bills, payments or whatever the money is for, could be delayed. When payday seems to be a hundred years away, we resort to money-lending institutions which have different interest rates. One common method of borrowing money is through credit cards. Because of the straightforward way to pay and easiness of use, people may tend to abuse it, exceeding even their capacity to pay. A better alternative would be payday loans, so you don’t always have to end up paying endless debt.
A Wife tells her story:
When the hubby and I failed to reach the bank before it closed at 6 P.M. last night, we figured we could do some grocery replenishment while we were already near the supermarket. We only bought a few items, in fact as opposed to the usual cart that we would take with us as we do our grocery rounds, hubby just held on a grocery basket.
Guess how much our purchase totaled? The few items we bought amounted to almost PhP 1,200. (approx. $30) It just occurred to me that back in 2002, one grocery shopping that amounted to PhP1,500 (approx. $37.50) would have us leave the store with 5 to 6 bags. Last night we got home with just 2 bags. I bet if they did not have to separate the toiletries from the food stuff, everything would have fit in just one bag.
If the government will not be able to regulate the prices of the basic commodities anytime soon, we will really have to resort to availing one of those payday loans to be able to make it through. We already feel the strain, given the fact that all three of us in our family have maintenance medications that will last for at least five more months.
Nothing is too hard for God and I know in my heart despite these current disappointments around us, He is faithful to sustain us. I remember receiving an SMS a couple of weeks back, “Big Problems? Tell your problems you have a bigger God.” How’s that for an encouragement.
Other Options than Credit Cards
Of course one must remember that there are several money-credit institutions today, but it is very difficult to decide which service would be suitable for our needs. This is a major reason why credit cards are suddenly the preferred payment method among consumers for the few shopping online or even at the shopping malls. It is not so bad if the practice is used wisely but if debts are not paid immediately and not carefully planned, credit cards may cause financial problems for you. To settle the debt, there is the solution of getting fast cash payday loans, which is seen as an alternative funding for such cases.
February 28th, 2010 at 12:50 pm
I don’t know how these payday loan sharks sleep at night. Unfortunately, we have to take the good with the bad in free enterprise. However, consumers retain the right to avoid these predatory businesses. The concept of supply and demand must carry the day with shams like payday loans and credit repair. If and when people refuse to be fleeced by these people, their operations will go away.