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Thursday, March 11, 2010

Payday loan gets me to my first paycheck

Posted by BuzzSpecialist on June 14, 2009

When I was laid off from my job a few years ago, one of the first things I did was start to rely heavily on using my credit card to make the ends meet. I was doing everything else the way I should be; signing up for Unemployment Insurance, cutting back on things that were clear luxuries, going out for entertainment far, far less.

Standing at the Gates of Hell
Creative Commons License photo credit: country_boy_shane

Even with all of that I was still sensing myself falling into a deep financial pit of despair. Many months went by before I was finally able to come across a job that both fit my talents and abilities, but also paid what I considered a fair wage. Of course, just because I had started working did not mean that my money worries had gone away.

As is the case with most new jobs, there was a period of time where I was working, but was not receiving any actual pay. In this case, almost 12 days went by and I was not seeing any income from the new job. What made it really tough is that I was required by the state to divulge any work done, whether paid for it or not. My benefits stopped.

The only option I could come up with was to seek out a payday loan. Given that I knew I had a decent first check coming, I was extremely pleased that this service exists. It really got me over a hard spot, financially.

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  • Cee Baker said,

    This is an excellent reason to get a pay day loan. Why else would you get one? It’s the people who get pay day loans just to go to the races or gamble that are the ones who misuse it. It is an excellent resource to have around for those times when you need it!

  • Cin Davis said,

    Talk about a deep financial pit of despair! Some of us have jobs and we’re falling into this pit all the same. Luckily, I have not needed a payday loan so far, but it’s nice to know it’s there in case I do. It’s the credit card business that’s killing me right now.

  • Daneille said,

    I remember having a similar situation when I was first hired at a new school district. The former district was on a slightly different pay cycle. The new one paid October 1-October 1; the old one paid August 20-August20. I had to wait from August 20 until October 1 for a paycheck.

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