As of today, I have officially paid off my latest, (and last), Payday loan. Let me just say now, as someone who knows all too well, that if you can avoid them do so at all costs! Once you climb on board with a payday loan, you better strap yourself in, because you are going for a very long ride. This last loan was my twenty eighth payday loan since July of 2007. That’s right 28th!
In order for you to truly appreciate my payday loan history, let’s take a look at the numbers:
So over the course of the last three years, I have borrowed exactly $14,300 in payday loans. I have paid back $15,801.55! Can you say ouch?
After such a long state of dependency, I still feel unsure that I can make it through a month with just the income I have. But I am sure going to try. After looking at the numbers, I am not stepping back onto that payday train ever again.
Where to go from here?
Right now, I’m looking up from the bottom of a deep well of debt. The way out seems so far off, I’m not sure it really exists. (But I almost have myself convinced.) Getting there won’t be easy, but then again, I didn’t get where I am overnight.
I am roughly $60,000 dollars in debt, less than $20,000 of which is a mortgage. The rest is what can be called unsecured debt of the malignant kind (it feels pretty toxic and deadly to me). Debt can be like a cancer, that left to its own devices, will not only grow out of control but eventually consume you.
For more information: