who uses payday loans
Who still uses payday loans
Most people think payday loans are kind of a thing of the past. In a world where credit is so easy to obtain who would need a payday loan. Payday loans are a way of getting instant financing for some people. Not everyone’s situation is the same. Allow me to explain why payday loans are still used by many people.
Who applies for payday loans
Getting a payday loan isn't a bad thing. All you are doing is getting a loan or advance against your next pay check. There isn’t anything wrong with doing this. Some people can’t get credit for any number of reasons. After the financial collapse of 2008 lenders have been more selective on who they extend credit to. One popular group of people that have been known to apply for payday loans is trade workers or contractors. The reason for this is many of them don’t get paid until a job is done. Take for example a painter name Jeff. Jeff does paint jobs. Work can be very unpredictable. With the pipeline...