Payday Loans – The Right Tool?
I am always intrigued by plumbers. I admit I’m not a handyman myself but I always felt that I was familiar enough with tools that I could take a look at one and immediately assess its value and usefulness. But whenever I have a crisis at home where I need to call a plumber, he invariably pops up with an all-new weird-looking tool that I never saw before. Sometimes I ask him the name of the tool but I cannot remember his answer because all I am considering is the place something so awkward could serve a helpful purpose. And more often than not, I am amazed when I note that the plumber knows just how to put the tool to utilize to ensure that my dreaded emergency gets solved!
Payday Lending
I seriously considered plumbers recently while I was reading a piece of writing in regards to the payday lending industry. There’s been a good debate occurring about payday cash advances and whether or not they are fantastic or evil. There are great arguments on both sides and looking at many of the advantages and disadvantages, it struck me that almost all the arguments I saw on both sides were valid. I did not disagree with one of the arguments themselves, simply with the conclusions. I began to realize that payday lending is neither good nor evil; it is merely an awkward-looking tool. If used the right way, it might solve the correct emergency. If not, then it might be very useless.
Payday Loans Are Intended As Temporary Credit Loans
If used as intended, they are often the best way to fix a temporary financial hardship. However, they can even be easily abused. For one thing, it is important to pay them down promptly. Rolling them over more than …
