http://www.allaboutpaydayloans.com/fast-loans/quick-personal-loans.html Quick personal loans are known to provide extremely velocity to an already fast financial downfall. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 There are examples of negative reinforcement in nature all over the world, but none has such immediate impact to you as your relationship with quick personal loans: you are speeding to a painful financial situation where this debt is really going to hurt - the agony of your financial downfall will be undeniable and enough to smash you to bits. So you apply for quick personal loans thinking such assistance will slow the fall - and possibly bring you safely down to mother earth. Wrong! All you are doing is paying extra for that paycheck you can;t wait around for - meaning you will have less of the money that you can put up against this financial downfall. One speed builds upon the next, and when you apply for fast loans you should only expect an increased acceleration toward the bottom. Life at the bottom of a barrel of quick personal loans No one wants to live a life on revolving credit, and in fact this abhorrence toward revolving credit drives people to quick personal loans - for many people credit simply isn't an option or they are so afraid they will blindly grab at any similar opportunity. But you need to stop for a second and think about your quick personal loan before applying - is this thing really better than credit? The rates are significantly higher, while the number of derelict accounts is about the same. You can get your money at about the same speed whether you apply for quick loans or credit cards - the only difference we can find is a credit card company won't provide you with funds if you've proven unreliable in the past. This makes sense - old dogs can't learn new tricks. Quick loans want weakness So the old dog goes to the only open house in town and applies for quick personal loans - and wouldn't you know it they are back to their old tricks of taking their time, delaying repayment, and not really caring about their credit scores. But this time around you have the added weight of extremely late fees amounting to 400% APR and higher - quick personal loanscost you boatloads where a credit card would merely charge you a trunk-full. The choice is clear - if you have credit, use credit! Sat, 26 Jul 2008 15:00:00 EDT