HELP!I need financial advice, I\’ve become addicted to taking cash advances from my bank & can\’t stop?
Sunday, August 31st, 2008 at 11:57 am
Looking For Cash Day Advance Loan Reports
My bank lets me take cash advances because I have a direct deposit with them from my job. I’ve become so reliant on it because every paycheck goes to paying off the cash advance and then I have to take out another advance to pay my bills. How do I get out of this mess?
Filed in: Help With Cash Advances
September 1st, 2008 at 10:23 pm
You have to stop someX. The more you do this, you are getting deeper & deeper in the hole. I watched an episode of Singeltary Says where she addessed this very issue.
“Episode 212 - Taming the Predators
Michelle visits a person who has unknowingly falling prey to predatory practices. She highlights the pitfalls of payday check cashing where they take out five to 15 percent of your check, car loans where borrowers end up owing more than the original selling price, credit counseling agencies that are fronts for sub-prime lenders, and other groups that take advantage of those who don’t know their options.”
September 4th, 2008 at 8:48 pm
Perhaps the calendar could help you.
1. If you get paid bi-weekly, and just received a check on 7/20/2007. THEN, whereas you normally receive two paychecks per month, in the month of August you would receive three paychecks.
2.If you get paid every Friday, usually you receive four paychecks per month, but next month in August you would receive five paychecks.
This is a good concept, because you only have one house payment, one gas bill per month etc… However periodically through the course of the year by virtue of the calendar you sometimes take in more money than other months.
HOPE, that helps!
September 7th, 2008 at 2:37 am
Seek help from Consumer Credit Counseling. You are digging yourself into a major hole. Get help now to avoid BIG problems in the future. Curb the spending. I know that’s hard to do but cut down the spending and cut up the cards.
September 8th, 2008 at 10:50 pm
begining of the month u better to prepare a own budget. after that use 2 spend according to that and think that every thing happens for good!
September 10th, 2008 at 4:13 pm
Try to reorganise your financial repayments. To do this you have to try to postpone everything by one month. Tell all you can pay only next month! In this way you might come level to starting point. Once you come to this NEVER take any advances no matter what!