Of course you should stay away from pay day lenders but what do you do if you have already fallen into their trap? We all know that pay day lenders are vultures preying on the people at the most vulnerable times in their lives. It is great advice to stay steer clear of these sharks but what do you do if you have already fallen prey?
Stop borrowing and start saving is the best answer but this is a very tough thing to do if your car has broken down, your electricity is about to be shut off, or your rent is three months behind. What the heck do you do then? Saving money is the last thing on your mind and you may think you need to borrow even more to get out of your current crisis.
Find a way to increase your income. Work over time, take on a part time job, or create a business you can do from home. Have a garage sale or baby sit for someone in the afternoons after you get off of work. This is the part no one likes to hear. You are going to have to make some sacrifices. You were born with great talent and abilities, put them to use. Become a tutor and charge a small fee for your services. The point is to take action and look daily for ways to create more income. There are always going to be excuses as to why something won’t work. Eliminate those excuses one by one. Anything is possible. Take action. Your financial future is in your hands.