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May 06, 2025

Read about our staffGreetings!

After the last issue I got a few emails asking me about Pay Day Loans and what I thought of them.

You know the loans I am talking about, ones — "get cash fast!" "no credit check!" "we've got your back!" They come wrapped in shiny promises and fast approvals, but the truth of them is a spiraling down to nothing good.

It is legal loan sharking! Read below for more info on this insidious business.

Be Well,
Anisa

Please add [*FROM*] to your address book or visit here.
Marinade Set

They're A Trap

A $300 loan today turns into $450 or more next week, and that's if you're lucky. Miss that payment? The cycle starts. Interest stacks. Your paycheck disappears before it even hits your account.

It's legal robbery dressed up as help.

The worst part is, these lenders know people are desperate. That's who they target. It's not about solving your problem. It's about locking you into debt you can't shake.

Here's what to do instead:

SuperEvent
  • Talk to your credit union

    Many offer small-dollar loans with fair terms. Visit the National Credit Union Administration to find one near you.


  • Look into nonprofit loan alternatives

    Sites like NerdWallet list safer short-term lending options that won't bury you in fees.


  • Need help with food, bills, or rent?

    Search 211.org to connect with local emergency assistance programs.


  • Get advice from a nonprofit credit counselor

    The National Foundation for Credit Counseling can help you make a plan without judgment.

In Closing

Payday loans pretend to be a lifeline. What they really are is quicksand.

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