After having used and paid the paycheck service a few times some students realize they are consistenly coming up short. One solution often employed is to get another loan from another service. This short term but convenient solution soon compunds the initial problem, a funds shortage. At times some students have applied for and recieved several "payday" loans simultaneously. At Planet College the record we've heard of is eight. Maybe you've heard of more. Maybe you've had more.
There is one primary tactic to this costly downward spiral. Stop. Stop getting those expensive short term loans. Especially if you are using one to pay another.
This may seem far far easier said than done. Especialy if the lenders can call you at work or at home reminding you your payment is past due.
If you are in this frustrating position you probably need some help. Help beyond just don't do it.
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