Like many of you reading this. I have a good job, my own home. I don’t have a tonne of savings, but I get by pretty well.
I used to hear about payday loan horror stories and think ‘god, those people are so stupid’ how could anyone think it was a good idea to purposefully owe money to a group of people that are regularly referred to as ‘sharks’?
But then one-day last year, I got a phone call. My Grandfather, who lived in Australia had had a heart attack. I was devastated. We had had a really good relationship and had stayed close over the years despite the distance. He had made it to the hospital in time but was in need of a triple heart bypass. I knew I had to get over there to see him before he went in for the surgery. I would never have forgiven myself if anything happened and I’d missed out on the chance to say goodbye.
As I said before, I didn’t really have any savings put by. And what I did have wasn’t enough for a last minute trip to the other side of the world. So I put aside my prejudices and looked up loans places near me.
I don’t know what I was expecting. A dodgy man in an alleyway with a suitcase of cash probably. But the whole thing felt like it was dealt with very professionally. The loans company were friendly, understanding. And, to be fair to them. Did make the terms very clear, and seemed keen for me to be sure I could pay it back.
Yes, it was an expensive way to get extra money. I was one of the few fortunate enough to be able to repay in full when I returned after a few short weeks. Even so, it cost me a few hundred extra dollars. But it was also the only way to get the money I needed for my ticket in time. And I wouldn’t have missed out on going for anything.
Has it changed my mind about payday loans? Not entirely, I still believe that lenders prey on the vulnerable and that they’re too open to abuse. However, I will admit they do serve a purpose and receive a lot of, sometimes unjust, bad press.
P.S Site I used to find loans I here: http://www.financeflamingo.com/payday-loans-near-me/