Comments on: Layoffs Hit Close to Home http://itknowledgeexchange.techtarget.com/it-jobs/layoffs-hit-close-to-home/ Thu, 26 Nov 2009 04:36:50 +0000 http://wordpress.org/?v=2.6.2 By: Edtittel http://itknowledgeexchange.techtarget.com/it-jobs/layoffs-hit-close-to-home/#comment-83 Edtittel Fri, 15 May 2009 12:57:31 +0000 http://itknowledgeexchange.techtarget.com/it-jobs/?p=223#comment-83 Whooooooooooooooa there, Abby. Payday loans can be a ticket straight to trouble and bankruptcy too: they usually require regular small payments but charge interest rates as high as 40% in some states. Military familiies in particular have been so victimized by these sometimes predatory lenders that Congress has passed special legislation to limit how much interest payday loan companies can extract from families with one earner on active duty, or active reserve duty. Don't even THINK about getting a payday loan until you read at least two of these articles: 1. Collections Law: Understanding payday loans http://en.allexperts.com/q/Collections-Law-912/Understanding-payday-loans.htm 2. Understanding payday loans http://www.nextdaycheck.com/blog/payday-loans/understanding-payday-loans/ 3. Payday loan http://en.wikipedia.org/wiki/Payday_loan 4. Beware of Payday Lending http://www.fool.com/investing/dividends-income/2005/01/31/beware-of-payday-lending.aspx Bottom line: unless it's a payday loan or inescapable doom, don't get a payday loan. They're far too often a ticket to ruined credit, personal bankruptcy, and perhaps even jail time. --Ed-- Whooooooooooooooa there, Abby. Payday loans can be a ticket straight to trouble and bankruptcy too: they usually require regular small payments but charge interest rates as high as 40% in some states. Military familiies in particular have been so victimized by these sometimes predatory lenders that Congress has passed special legislation to limit how much interest payday loan companies can extract from families with one earner on active duty, or active reserve duty.

Don’t even THINK about getting a payday loan until you read at least two of these articles:

1. Collections Law: Understanding payday loans <a href="http://en.allexperts.com/q/Collections-Law-912/Understanding-payday-loans.htm" title="http://en.allexperts.com/q/Collections-Law-912/Understanding-payday-loans.htm" target="_blank">http://en.allexperts.com/q/Collections-L…</a>

2. Understanding payday loans
 <a href="http://www.nextdaycheck.com/blog/payday-loans/understanding-payday-loans/" title="http://www.nextdaycheck.com/blog/payday-loans/understanding-payday-loans/" target="_blank">http://www.nextdaycheck.com/blog/payday-…</a>

3. Payday loan <a href="http://en.wikipedia.org/wiki/Payday_loan" title="http://en.wikipedia.org/wiki/Payday_loan" target="_blank">http://en.wikipedia.org/wiki/Payday_loan</a>

4. Beware of Payday Lending <a href="http://www.fool.com/investing/dividends-income/2005/01/31/beware-of-payday-lending.aspx" title="http://www.fool.com/investing/dividends-income/2005/01/31/beware-of-payday-lending.aspx" target="_blank">http://www.fool.com/investing/dividends-…</a>

Bottom line: unless it’s a payday loan or inescapable doom, don’t get a payday loan. They’re far too often a ticket to ruined credit, personal bankruptcy, and perhaps even jail time.

–Ed–

]]> By: AbbyP http://itknowledgeexchange.techtarget.com/it-jobs/layoffs-hit-close-to-home/#comment-82 AbbyP Fri, 15 May 2009 05:26:56 +0000 http://itknowledgeexchange.techtarget.com/it-jobs/?p=223#comment-82 Two years ago, the government declared that the country is in recession. There was a slowdown on economic activities and a lot of companies cut off their employees. Many were not able to pay for their credits. There's a lot of press coverage dedicated to a credit crunch. Well, there is one – banks are less willing to lend to anyone, meaning there is a credit crunch, and so if you need some short term credit, banks will be less willing to help you out. There are a lot of job losses, and that means not everyone can pay them back. Well, there are other options – you could look into payday loans. Payday loans are short term loans for small amounts that you pay back quickly, usually your next payday. Some lenders can use direct deposit – that's one of the payday loan benefits – so if you feel the [A href="http://personalmoneystore.com/moneyblog/2009/05/07/payday-loans-beat-credit-crunch/"]credit crunch[/A], try filling out a personal loan application. Two years ago, the government declared that the country is in recession. There was a slowdown on economic activities and a lot of companies cut off their employees. Many were not able to pay for their credits. There’s a lot of press coverage dedicated to a credit crunch. Well, there is one – banks are less willing to lend to anyone, meaning there is a credit crunch, and so if you need some short term credit, banks will be less willing to help you out. There are a lot of job losses, and that means not everyone can pay them back. Well, there are other options – you could look into payday loans. Payday loans are short term loans for small amounts that you pay back quickly, usually your next payday. Some lenders can use direct deposit – that’s one of the payday loan benefits – so if you feel the credit crunch, try filling out a personal loan application.

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