One of the worse periods in my life took place in my early adult years when I was in a deep, deep financial strain and did not have the credit profile worthy of going to a traditional money loan lender. I made the fatal mistake of going to visit a so called no credit check payday loans store and boy oh boy did I have an experience in economic robbery that I hope never occur to anyone else. The warning is clear "Just say No" to taking out no credit check payday loans. For some reason they put me in the mind of being trapped in quicksand. Annual percentage rates of over 300 percent coupled with having to repay the loan in full plus interest is enough to keep people who are already one missed paycheck away from financial ruin from ever being able to release their self from their destitute situation and gain financial traction.

I will never forget that day when I walked inside that no credit check payday loans store. Before I took out that payday loan a friend of mine pleaded for me not to take out the loan due their concern that whatever it was I was so called needing could definitely wait till I was to be paid again. I discounted their opinion due to financial ignorance and figured that this upfront money before payday was actually a come up of sorts especially since I was being paid every 2 weeks. I felt that paying a fifty dollar flat fee was not bad at all for borrowing three hundred dollars and so thus in turn I fell for the bait. When payday arrived I went back to the no credit check payday loans store and paid my loan off and I remember the customer service lady exclaiming "no you don't have to pay the loan off so fast." She informed me that if I wanted to I could just pay the fifty dollar service fee to service the loan and just turn around and restore the loan again by writing out another check with a new date for them to hold again while I was enjoying this much needed income. Thus began my descent into becoming one of their very valuable assets.



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