Wednesday, October 10, 2012
Hello
A new scam has come to my attention. The pay day loan scam. Now there have been offices cropping up in town all acrossed the country for years. They have even started popping up everywhere online as well. Their emails are easy to identify, big bold picture of someone smiling with the cash they need for...... whatever. Now pay day loans themselves are a bad game to get into. You get a $200 loan, you pay them $250 when you get your pay check. You need that extra $50 for gas so you go back to the pay day loan people, go ahead and get another $200 loan. Then you pay back your $250 again, soon find out you needed more money for... whatever. So you go back to the pay day load people again. I think you get the picture. But for all the faults in the 'Pay Day Loan' system, they are at least honest and straight forward about what is going on, only failing in telling you that it can become a vicious cycle. Now the scammers are trying to get into the action. So here are my tips are avoiding those scams. Pay Day Loan people will not ask for your info via email, they have secure websites where all business with them begins. And you should never trust an email for any business with your information if they don't provide a link to opt out of their email list. If you feel you really do need a pay day loan, my suggestion is simply, go to your local loan office, or Pay Day loan site. Don't use an email link you received. Most definitely do not give your info the someone who emails you, out of the blue saying they'll give you a pay day loan. If you are determined to do the loan online, one of the more well known companies is bound to be your safer bet.
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