Getting an emergency loan

It just makes me so angry that there are still companies out there who push their payday loans on the public.  How do they sleep at night when they are making money out of people who will get caught in a vicious cycle of repayments that never seem to end, and astronomical rates?  The worst of it all is that they target those people who can barely afford much at all let alone an APR of 1425%!!  I think regulations should be updated and changed so that they are put in a new category so they are not allowed to target people in the false hope-giving, aggressive way that they currently do. 

Just look at any advertising for one of these loans and you can see why it appeals to someone who is really desperate to get hold of some money.  I have a bit of money on the side and I wouldn’t even get a payday loan.  Yes, as long as you make the repayment really quickly, you may be just about ok, but very few people are able to do that, especially those targeted by payday loan companies.  Those people are then stuck in a massive repayment term and probably wishing they’d never have borrowed the money in the first place!  And that is where it all gets a bit nasty and makes me think of loan sharks. 

Some of them even use your car as collateral which means you’re likely to lose it if you can’t make the payments.  It’s horrible.  I’m thinking of maybe starting some kind of financial blog, and that is where I could write tips on how to stay financially afloat and make it easy to read.  There are some financial blogs out there but many of them are written as if all the readers were experts themselves!  But the people being targeted by logbook loans et al are not going to read that or understand it or care to be honest!  I think I would be able to lay it down in laymen’s terms and give tips on how to save and that kind of thing.  I think it might be a huge hit!!