http://www.allaboutpaydayloans.com/payday-loan/instant-payday-loan.html With an instant payday loan you get the money you need, but its all fun and games until you get hurt en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Snap! Crackle! Pop! Just add milk and BOOM, you have your instant payday loan and your financial emergency is resolved. Hooray! Three cheers for the payday loan industry, purveyors of truth and justice for all! Get the money you need with a same day payday loan ! When the instant payday loan music is over... But thats it, the joy and majesty of instant payday loans is over when you meet your fast temporal financial demands. Then you have to pay it all back, plus that pesky finance charge, by your next payday. So take a deep breath, relax for only a brief interlude, and then start walking because its a long, hard road to financial recovery from you journey into the heart of payday loan pleasure. your recovery begins when you start making the financial sacrifices and cuts necessary to repay your instant payday loan. You've come to depend on all the money from your paycheck for your financial survival, but this next time around you will not have the total in all probability - 80% of all people do it - you will not reach those goals and will further extend your loan obligation by rolling back your initial instant payday loan and paying the finance charge - again and you continue on, not finding the means to pay off the loan principle but barely managing the finance charges. The biggest mistake people make is believing their finance charges go toward the loan balance - this is not the case! Those bi-weekly deductions from your paycheck are interest charges accruing on your instant payday loan of yore, and the longer you wait to pay off that debt the greater your interest payments become. for a $100 instant payday loan you might be charged $15 for the loan itself and $15 for every extension. If you delay the repayment for an entire year, that will be 26 payments of $15, or $390 over the year. that means you will be responsible for 390% of your initial loan PLUS the initial amount of your fast payday loan, for a total of $490. If you weren't able to pay off that first $115, chances are you'll have hard times paying off $490. Believe the mathematics! Its all in the math, the dangers of applying for a quick payday loan and not repaying it. You beat the system when you payback your personal loan on time, otherwise that instant becomes a financial eternity. Sat, 26 Jul 2008 15:00:00 EDT