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Negative and Positive Thoughts

When your finances are somewhat out of control, it’s easy to get a bit negative about it all as you realize that even after finding a safe online payday loan to help you will still be broke in the end.

Your desperate budget situation can have its direction changed simply by changing your mindset. Even when you’re knee deep in debt, it’s good to find the positive in that situation.

Self-Propagated Debt

What positives can you take from such a dire situation? With so many households buried in credit card debt, that’s a good topic to start with. You have maxed out your cards, and you have no money in the bank. Look at how you got into that debt situation.

  • You have a roof over your head?
  • You have enough food to feed the family?
  • Visits to the doctor and medical center relieved pain and suffering?
  • You enjoyed family vacations and those outings to your favorite restaurants?

If you received all these benefits and pleasure when using your credit card, remember those happy feelings when it’s time to pay it all. So, you are where you are now because of your actions, debt or no debt.

Safe Payday Loan

You need a fast and safe payday loan. Will you be upset about the interest rate and fees when you would prefer to spend your paycheck on other stuff? What did you feel when you took out the loan in the first place? If you prepare your mind in a positive way, you will find it easier to pay back the debt. Did you pay the mechanic for the emergency repairs on your car? Did you buy the medicine you needed? Did you find a safe payday loans lender who helped with your money problems when the bank completely ignored you?

A payday loan is a short-term loan, and it’s a great option when you need money quickly. Let’s take a look at risks and how you can find the safest lenders online.

Are Payday Loans Risky?

Like every loan you take out, and that includes your credit cards, there is an obligation to pay back what you borrowed. Nothing is free these days, so you are committing to paying back the loan, the interest, and the fees involved.

The risks that accompany a Payday Loan are:

  • Late payment or payments will incur a penalty
  • The loan is provided at a very high-interest rate
  • Your credit score can be affected if you miss a payment or default in any other way
  • A loan default, regardless of the amount, can still result in the lender calling in a collection agency
  • There is a real chance that continual loan amount rollovers will cost you a lot of money over time

What is a Safe Payday Loan?

You can go on the internet and scroll through hundreds of online lenders and find one to whom you can apply for your payday loan. But not all lenders are the same nor are they all reputable, and it’s not as clear-cut and black and white as you might first think.

How can you avoid a scam which can, at a later date, turn into a repayment nightmare? A legitimate lender is licensed, and they must follow strict laws that have been decreed by state and federal government. This provides protection from fraud. Although the lenders’ websites will state they are licensed, if you are unsure, you can check with the state’s attorney general.

Important: an online lender that can provide payday loans in one state may not be able to give a loan in other states.

Finding your lender online might land you on a website that looks like a lender but in fact is a lead generation site for a host of online lending companies. They just pass on your personal details and loan information.

A direct online lender will handle the whole process of the loan application, and that includes repayments being sent to the lender and not to another third party.


We are not trying to say that online lending and Payday Loans are dangerous, but like most things associated with money, you should conduct your due diligence in these matters. Just make sure of the following basic rules:

  • The lender should be licensed in your state.
  • The online company is actually the lender.
  • Your personal information will not be shared around to other parties.
  • The lender’s address and contact details should be displayed on the website.

Find the Answers

There are some basic questions you should ask yourself when considering a Payday loan.

  • How much will the loan cost overall?
  • Can you afford to pay it in one payday or will you have to extend it out a little longer?
  • What method will you use to make the payments?
  • What are the penalties for non-payment or late payment?

If you do your research properly, your payday loan will be quick, easy and a lot cheaper in the long run.

References and Sources

1. Avoiding Scams 101. Consumer.Ftc.Gov. Available at https://www.consumer.ftc.gov/articles/0120-avoiding-scams-101

2. Preventing Fraud. Experian Information Solutions, Inc. Available at https://www.experian.com/blogs/ask-experian/credit-education/preventing-fraud/

3. (2018). Secure Payday Loans. Finder.Com. Available at https://www.finder.com/secure-payday-loans

4. (2001). Fact v. Fiction: The Truth about Payday Lending Industry Claims. Responsiblelending.Org. Available at https://www.responsiblelending.org/research-publication/fact-v-fiction-truth-about-payday-lending-industry-claims

5. Susan Ladika (2015). Dangers of Applying for an Online Payday Loan. CreditCards.Com, LLC. Available at https://www.creditcards.com/credit-card-news/apply-online-payday-loan-fraud-danger-1264.php

6. (2018). Legit Short-Term Loans. Finder.Com. Available at https://www.finder.com/legit-payday-loans

7. Borrow Law and Legal Definition. Definitions.Uslegal.Com. Available at https://definitions.uslegal.com/b/borrow/

8. Lucy Lazarony (2018). How to Apply for a Personal Loan. Credit.Com, Inc. Available at https://www.credit.com/loans/loan-articles/how-to-apply-for-personal-loan/