Emergency Payday Loans | Ramblings of an e-trader

Tuesday, 30 December 2008

Emergency Payday Loans

The other day, when my father was out in our garden, a man stopped his car and cooked up a story wanting to ask for a small loan. My father did not give him any money, of course, because he's a total stranger. Yes, times are this tough and we are not the only people being asked for loans from unknown people. I have friends who have been receiving phone calls from people claiming to know them and asking to meet up and then attempting to take out a loan!

I told my friend, Vincent, about these incidents and he said that in Canada, particularly in Manitoba where he lives, one could easily apply for Emergency Manitoba Payday Loans. The requirements are pretty basic, like being employed for a minimum of two months, hold an active bank account and have an active phone number. The applicant must also be of legal age, i.e. above 19 years old.

Although one must always realize that applying for payday loan means taking an advance against the paycheck and that one could get into serious financial hardships if one is not disciplined enough to follow the payday loan repayment schedule, I believe that payday loans are better than going around asking for a loan from strangers or worse, loan sharks.

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