I grew up with my parents instilling in me one thing about money: if you can avoid borrowing money, then do so at all costs. They have taught me to avoid credit as much as I can and this teaching has been ingrained in me. As you would know it took me forever to get my own credit card – I’ve always wanted to deal using cash. Imagine how much more averse I was to actually taking out a loan?
That was the case until one point wherein I was absolutely in a bind. I was in between paychecks and I had to pay for some necessary expenses. I had a choice – I believe we always have choices no matter what. Yet the choice was one between the devil and the deep blue sea. I chose to take out the loan – which one it is, I do not know.
In any case, research had made me aware of the payday loan. I was telling myself that it is a stopgap measure and that I would have the money to pay it back in a week or so anyway. I made the right decision, I would have to say. With this particular payday loan, I got the cash I needed so badly in 2 days. I had to pay interest, of course, but it was a small price to pay for the relief that I got from having that money. Being the “averse to debt” person that I am though, I made sure that I paid it all off the next pay day. I’m telling you, a payday loan can be a good thing taken the right way.
