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I wanted to share something private and embarrassing with you guy’s. I debated hard about this, but I know a lot of people are going through economic trouble out there not just me. People that get payday loans are really stigmatized by society, and I want to change that. So it starts with me.

Recently, I had the unfortunate need to go out and get myself a loan. You know, so that I wouldn’t end up on the streets and all that. So off I went to the bank. Clearly I’m not their ideal candidate because I was immediately laughed off of the premises.

This lead me to Google ‘loans place near me’ ( Where I found this site: http://www.financeflamingo.com/). It bought up a tonne of results, most of them offering fast approval online. Since I was slightly scarred from my earlier humiliation at the bank, I was thankful for the opportunity to hide behind a computer screen.

All they needed was proof of income, bank account, and identity. Which is not a lot of information. And actually not proof that you will be able to pay the loan back at all. So if you’re thinking of taking out a payday loan, bear in mind that they will probably approve you even if there’s no chance you’ll be able to afford to repay. So, that is your responsibility.

Throughout the application, I immediately ignored the warnings plastered all over the website about how much financial trouble I could find myself in if I fell behind on repayments. And glimpsed at the series of confusing yet suspiciously high-sounding numbers regarding interest rates and fees that were thrown my way.

After I had sat and been through the motions,  I did what any responsible adult does when faced with that little question ‘do you agree to all of the terms and conditions’, and clicked yes without a second thought. I just needed the money. The less I thought about how much it was costing me the better.

Later that day I received the magic email. The one that said I had been approved for the amount I applied for. From then it took just one day for the money to appear in my account like an early birthday present. So quick and easy.

When it came to repayment the bank simply took the money plus additional fees from my account a few weeks later when I got paid.  It was definitely more painless than trying to get approved for a bank loan. But you, know suspiciously painless. Something about being handed cash with such few assurances that you can afford to pay it back just doesn’t sit right with me. Payday loans should definitely be handled with care.