Is there such a thing as payday loan addiction? I believe there is, but I am no psychologist! I believe a paydayloan addiction is a compulsive use of payday loans. Sometimes people take one paydayloan after another and sometimes multiple paydayloans at the same time, even knowing that they can not be paid back as agreed.

How do I come to this conclusion? I have been there! Many times I chose to take out cash advances even if I did not need it! Yes, it was stupid, but it wasn’t ignorant because I knew what I was doing. I had been sucked into paydayloan hell! Perhaps it is not a paydayloan addiction but possibly more of a paydayloan compulsion. In the end, an ‘addict’ may take out one paydayloan to pay back the other in a nasty cycle of high interest debt! This can impact your life in many awful ways. Stress on your marriage or relationships. Do you pay the paydayloan or buy groceries? No problem, just take another payday loan to buy the food! Not the best train of thought but not uncommon! Use a paydayloan wisely or you will get hurt!

No related posts.