Wednesday, April 22, 2009

I Need A Loan To Pay Off My Loan For My Loan

Today I heard a commercial for a "payday advance consolidation loan". In other words, if you have more than 2 outstanding payday advance's you can now get a loan to pay those off.

Is adding a loan on top of a loan really what any of us needs right now??

15 comments:

Diane said...

it's the man trying to keep us down!

no, srsly.

Alicia, The Snowflake said...
This comment has been removed by the author.
Denise said...

Talk about robbing Peter to pay Paul lol.

Alicia, The Snowflake said...

That is too funny and sad all at the same time. I'm not sure some people will ever learn. But then again, once you are in that cycle, it is very difficult to get out of it. I am sure it can be very frustrating!

Aunt of 14 said...

The economy definitely sucks!

lagirl said...

That just seems "wrong" on so many levels. I'm surprised it's not against the law to even offer that and can you even imagine how HIGH the interest rate would be?? Perhaps now's the time to "Just say NO!".

~3 Sides of Crazy~ said...

LOL no it's not, but isn't that exactly what our government is doing as they make their 'budgets'?

Joy said...

Lord no. No loans for me.

p.s. I had SUCH a lovely time yesterday!

He And Me + 3 said...

We stay away from the loans...scary stuff.

Denise @ Sunflowers, Chocolate and Little Boys said...

I hate those commercials. They prey on people with bad circumstances.

Stop by my blog... I have an award for you.

Brittany said...

Terrible!!!
That breaks my heart that they can shovel more debt on to these poor folks just trying to scrape by. BOO!

Also, I have tagged you for "8 Things."

If you want to play, I would love to get to know you better! :)

Visit my blog for the outline.

Lolli said...

I noticed on the SITS roll call that you couldn't sleep either. Granted, that was a few hours ago. So I decided to stop by your place and say hello.

Thanks for the early morning laugh.

Kate Coveny Hood said...

A loan to pay of a loan... That sounds like something I'd come up with and then not even understand how it works!

heidi said...

It's the government way of doing business, man!

scrappysue said...

that's the sort of thinking that got everyone INTO this mess!