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Payday Loans From The Devil

My husband keeps taking out payday loans for some cigs. I keep telling him that payday loans and cash advances are of the money devil. How do I convince him that payday loans are from the money devil?

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 ---Mary on 6/2/09
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I have never had a payday loan but I'm against outrageous usury(interest)!!!
---mima on 6/4/09

Amen... some of these loans have interest rates upwards of over 900% for some one week loans. They are a bad habit you don't need to start!
---NurseRobert on 6/4/09


I would only use a cash advance or payday loan if it was needed which is hopefully never. Stay away if at all possible.
---Ed on 6/4/09


Payday loans are not of the devil, but they will certainly play the devil with your money. It's a little thing called interest!!! I have never had a payday loan but I'm against outrageous usury(interest)!!!
---mima on 6/4/09


I don't think there is a "money devil" nor that "payday loans" are "from the devil". It's extrememly foolish and expensive to use payday loans...they should be used only for extreme emergencies, and then, only if no other source of funds is available.

If used frequently, these loans are likely to lead to serious debt that perhaps cannot be repaid at all!
---Donna66 on 6/3/09


Daniel....He can't even afford his cigarettes without a payday loan. What makes you think he would buy a anything from Dave Ramsey?
---SusieB on 6/3/09




I feel that you are wrong. Payday loans is not money from the Devil. If you needed the money for your child to see a doctor, it would not be. I think you saying that because you do not like his addiction to cigs. Maybe you sudjest that you both go to a finance class or get Dave Ramsey's program.
---Daniel on 6/3/09


But it's obvious that your husband has a problem managing money if he has to take out payday loans for cigarettes.
---Cluny on 6/3/09

This is more of an addiction issue than a money problem. I have seen what happens when people cannot get cigarettes. It isn't pretty..

Mary, his problem is his smoking. If he stopped (which is another whole discussion) then the money issue would probably go away.
---NurseRobert on 6/3/09


Payday loans (like most other loans, or pawning items for temporary cash) are poor investments, because you have to repay a lot more than you get out of them. For this reason, they are usually not a good idea.

There may be times when having $100 now is much more important than having $120 a week from now (for example, if you have no food in the house, or if you are risking eviction or foreclosure because your rent or mortgage check would be late, or if your electricity is about to be shut off, etc.), but hopefully such occurrences should be the exception rather than the rule.

Mortgaging your future for a few packs of cigarettes is NOT a good idea, and is a very poor stewardship of one's resources.
---StrongAxe on 6/3/09


There's no such thing as a money devil or cigarette devil. How do we convince you of that?

But it's obvious that your husband has a problem managing money if he has to take out payday loans for cigarettes. Obviously, he needs to exercise some self-control, but this is NOT caused by a demon, but simply human weakness.
---Cluny on 6/3/09


So, it angers you that he gets the payday loans, but you say nothing about the cigarettes? Why bother saying anything to him? He doesn't care. He only wants those cigarettes.
---SusieB on 6/2/09




Sorry, Mary, but there is no "money devil". Payday loans are easy to get hooked on--believe me, I KNOW!--but it has nothing to do with any sort of demon, dear. But yeah, your husband needs to stop using them--they only get you further behind and it's real hard to break the pattern. Best wishes dear.
---Mary on 6/2/09


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