You already have a bad credit rating yet you are still looking into payday loans to help you solve the problem you are facing right now. This only goes to show that you still haven’t learned your lesson about financial responsibilities in dealing with this industry.
Please, stop what you are doing and take time to think things through. It is evident that your first loan was able to help you with your previous financial need but what has it brought you now? More debts that you find harder to pay as days and months pass by. What makes you so sure that this next short term loan you are about to apply for would help relieve your financial mess? You were already delayed in paying off your debt which caused you more fees that you should pay than the principal amount you first borrowed. Once you take on another online loan, be assured that this amount will multiply making it harder on your end.
Instead of signing up for another one hour loan, there are other options that you could take on. Though payday companies often say that these options are hard to do or sometimes even impossible to achieve, you will be able to do it if you stay firm with the decision to get out of debt.
Once you have applied for a fast payday loan, it usually means that you are permanently employed or you have a recurring monthly income. However, you were unable to maximize this source of income because you have to give your paycheck to be able to pay off your debt, leaving you without a penny to use for your personal budget.
So what else can you do aside from the option of borrowing from lending companies? You may still have a job and an employer. Some companies offer cash advances to their employees who need emergency cash loans. The good news is you don’t have to pay for interest rates since the money you borrowed will be deducted from your paycheck. The situation of your not being able to get hold of your paycheck is still the same when you have to pay to your lender, right? So doing this is definitely an advantage on your part.
Companies also have organizations for employees where they can sign up for an emergency cash loan. These organizations charge a lower interest rate than with lending companies and they have payment options that you can choose from so paying won’t be hard on your side.
If you are not a member of any organization at work, there are also civic organizations in your area who offer the same services as with an employees union. These civic groups also offer assistance on how you can manage your finances and give you advice on how to make ends meet with your income. They can also assist you in changing your financial situation once you have already managed to get out of bad credit payday loans.
Your family is still the best source of assistance. Your family should know what you are going through for them to be able to help you. Family members are just waiting for you to ask.