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By: Bernard Morris

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Monday, 2-May-2011 17:08 Email | Share | | Bookmark
Breaking the Quid Loan Cycle For Good

 
When you got your first Quid Loan, it was for all the right basis - you had an urgent situation and needed instant financial assistance. You were sure, at the time, that you would have more than enough to cover it on your next payday.
Once your next payday arrived, you were still barely making ends meet. Maybe it was due to leftover expenses from the original urgent situation or maybe you hadn't probable the finance charge of the first loan to be so high. Regardless of the basis, when offered an extension or even a second loan, the offer seemed too good to pass up.
Now, with two loans, your money charges are totaling close to $200 every two weeks. And, even if you wanted to pay down the principle, you would not have the money to do it.
How do you break the payday loan cycle once it's started? If you are a loan client and you find yourself besieged, there are steps you can take to get your life back.

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