http://www.paydayloanshark.net/payday-loan/n4.html Instant payday loan seems like a good idea, but it can also present a lot of problems. Learn the truth behind an instant payday loan here and now. en-us Tue, 23 Aug 2005 23:24:51 EDT Tue, 23 Aug 2005 23:24:51 EDT Weblog Editor 2.0 Don't wait two weeks until your next paycheck - get an instant payday loan now Well if this isn't the biggest darn gimmick I have ever heard. It is like they are offering you free money anytime you want. Do not fall for this false advertising. An instant payday loan does indeed give you money for 2 weeks, but then you have to pay it back with your own money. Not only are you responsible for the amount of the instant payday loan, but also for the interest that has accumulated on that loan for the past 14 days. Instant payday loan interest rates are known to be the highest in the loan industry. You will not find interest rates as high as these anywhere. Therefore, the amount you are paying off for the loan turns out to be much higher than just the amount of money that you borrowed. Instant payday loan = instant debt Instant payday loan providers make it way too easy to fall into debt. After all, your debt is what keeps them in business. Once you don't pay back your loan the first time, you are immediately subject to penalty charges and even higher interest rates. You have to borrow more money to cover these new expenses, and the cycle of debt has already begun. You start to owe more and more money until you are in so much debt you don't know what to do. At this point, it is likely that you will be in debt the rest of your life. Instant payday loan providers do not want to tell you that this happens to 75% of their customers. Their hope is that you just want your quick cash fix and will not pay attention to any of the details underlying it. You will not realize until the real bill comes that you actually do not have the funds to cover it. Your payment default pays their bills. Do not get caught up in their web of deceit. Remember, an instant payday loan is designed for short term financial urgent situations, not long term difficulties with credit and debt. Use the service wisely. If you are seriously struggling with debt, there are programs within your community that you can turn to for financial help. Look through your Yellow Pages for charities that help consumers struggling with finances. Instant is as instant does These loans are fast - not instant, but fast enough - and as such will handle your immediate financial emergencies rather nicely. But do not be caught up in the speed of the moment and allow yourself to be lulled to a speedy sleep. Most people consider these loans "low-obligation" because of the ease and speed with which they were obtained. Nothing could be further from the truth, with APRs reaching up toward 1000%. Loan sharks are nothing compared to payday loan sharks, and instant payday loans are the bait of choice. Tue, 23 Aug 2005 23:24:51 EDT