I am stuck in the Payday Loan cycle and don't know what to do! I have 6 payday loans out right now. I am paying so much in fees I can't even pay my regular bills anymore. I don't know how I am going to pay rent on the 1st. I have a negative balance in my checking account and my paycheck on the first won't even cover my rent.

Does anyone have any advice on how I can get out of this horrible depressing cycle?

Please Help.

Hi,
I hope this will help You...

#1 Calm down Yourself....You can't think if you're in panic.
#2 Focus on What You Want only....
I'm sure You want all the situations is under control.
Just think & Feel that You already have the okay situation...
#3 Let it GO... (what i mean is You've got to pray, Let God show you the way..)
#4 Take opportunity provided...
( you may be confused with this 4th step, but you'll understand when
you've done 3 steps above..)

Hope the best 4 u...
Thanks.

Check out Dave Ramsey's website and read The Total Money Makeover.

This should give you a way to fix your problems.

Sounds like you should pick up a 2nd job also.

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-Jesse

Interested in Dave Ramsey Coupon Codes? Visit my Dave Ramsey Coupon Code blog to learn more.

They can be quite vicious. We specialize in helping people pay them off quicker and avoiding interest charges. Please call 888 828 1022 if you want to speak to someone

Does anyone have any advice on how I can get out of this horrible depressing cycle?

Please Help.[/quote]


Check out my website below to start a new way of thinking about your situation. I have been in your shoes..... I can walk you through it if needed. Robert

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www.debtamendment.com

what is it with all these ppl trying to sell you their book or get you out of debt etc.???

anyway, can you have a garage sale or take some things to the pawn shop? You have got to get ahead of this before it gets any better. Sell something worth some money - cut way back on your spending (no eating out, etc), and look at your budget really good to see where you are spending more than is necessary. GOOD LUCK!

There are a lot of spammers on this site, but some of us recommend books, that we know can help. Some people need more than, a one time cookie cutter answer, to help them with their overall problem.

We get nothing for recommending books and anyone can check them out at the library for free.

My only suggestion is that just get rid of that loan system & start working on cash. otherwise ,God forbid you will be benkrupt in the near future.

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You have 6 loans right, so first you need to cut them back. It's probably not possible to clear them all in 1 month or else you wouldn't be in this cycle.

You are going to need a plan and time. Next month, you get 4 loans and you eat basic food, stay in, spend as little as possible. The following month you get 2, then 0. While you are getting yourself straight it is imperitive you stick to your goal of getting out of these pay day loan cycles, you have already seen how bad they are.

It's a sorry state of affairs (I have been there myself) but the only way out of this is to work hard and spend as close to nothing as possible.

I hope things work out for you

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find out about credit scoring and your credit report

The most important step now is to focus on how much money you are spending. Cutting back on spending habits can really save you a lot. Also DO NOT take out another payday loan to cover the previous ones. This is the worst thing you can do and it can get you into an even more vicious cycle.

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Payday Information