Being a freelancer, so to speak, there are always months that cash flow can be relatively tight. Thus, occasionally I'm somewhat tempted to consider 'certain' kinds of options...

In other words... Loans!

Seriously, being penniless truly sucks I'm telling you. But then again, I still can't be certain whether or not getting a faxless payday loan would somewhat create a risk being in debts?

Payday Loans by Personal Cash Advance
Short on cash? Caught between paychecks? We can help!

But what exactly is a 'payday loan' anyway?

According to 'resources':

A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday.

To be honest, although I've been considering this option nearly a dozen times, I've yet actually tried applying. So as of now, I still can't be sure if I even qualify to get such a loan. Ironic isn't it?

Here's the part that hurts.

Typical loans are between $100 and $500, on a two-week term and have interest rates in the range of 390% to 780%.

Which means if I take a $100 loan and hit the lowest range, I'd have to fork out $390 at the end of the loan term?

*Ouch* That's gotta hurt. Then again, desperate times do call for desperate means.

So now, what do you think?

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