One Clear Dot

I think most people understand that high interest loans, like payday loans, are not the absolute best way to borrow money. Nonetheless, as the price of milk, gas, wheat and housing skyrockets, more and more people are finding that living hand to mouth has turned into living on next month’s paycheck. The working middle-class cannot make ends meet the same way they used to be able to. If there is an emergency, like a last-minute car repair or the need to replace a refrigerator, many people are finding that borrowing against future paychecks is their only option.

I do not advocate the regular use of such a product, but I acknowledge that times are tough in America now. You do what you have to do to avoid going under in the current economy. Cross your fingers that the unemployment rates will stop going up and consumer prices will find a way to go down. We all need it.

Posted on March 9th, 2008 by onecleardot
Filed under: Finance