In India one can find many options to get money on loans. The old systems of money lending manifest themselves through different schemes in the present 21st century in the form of housing loans, online payday loans, education loans etc. Things have become digital, money has more faces in the form of plasticized cards, virtual cards, Pay Pal and so on. Lending money through gold deposits is an old trade that has been revolutionized completely in the last two decades with companies like Manapurram and Muhoot finance going international.
But what do you do if you just have a job and no gold to deposit, or a bank account with a couple of references to give you a personal loan, and no friends who have a surplus. Well that’s where Payday loans can become useful. But I was not aware of Payday loans, a scheme that gave loans against your next pay day until a benefactor of sorts lead me to it. I prefer to say an angel from heaven sent by my heavenly Father.
Medical emergencies are always unwelcome for everyone. But you cannot avoid them. Hospital rules combined with local criminal laws can bring out all the anger inside oneself. For once can’t they see that life is precious. But the everyday routine of hospital staff have and I guess it is required to have a tough approach. It was in one such personal accident case that payday loan came to my rescue. I needed to deposit money before the operation could take place. It was a staff member of the hospital that told me about this. After submitting my documents, I was issued the money.
But that was not to be the last of my dealing with payday loans as I thought so. I did introduce it to many of my friends. However one needs to be aware of the scams floating around. Exactly after six months of my operation, I got a call from this man, claiming to be from that same agency, and asking to pay back three times more the amount as interest … Read More


April 9th, 2012





