How to Start a Business Using Multiple Payday Loans (Even If You Are Already Behind)
You haven’t paid your Payday loan in 6 weeks, and the payday loan lender is calling several times a day, as well as sending threatening letters that really just freak you out. The lender has started calling your friends and family, embarrassing you to no end. You’d like to pay, but simply don’t have the money. The extra $200.00 a month in interest charges you have been paying while rolling over the principal for the last 6 months adds up to an amount that is twice of the original loan balance.
Such a situation isn’t fair to you or your family; let’s face it – your payday loan lender has already made a 100% profit on his ‘loan’, and he still wants his original $600.00 back. Thankfully, you don’t live in New York or New Jersey, so at least you aren’t worried about losing your kneecaps. But still, the harassment in unceasing, and you are really tired of avoiding the phone and mailbox.
If this is your situation, then cheer up – there is a solution. There are laws designed to protect consumers which you can fully twist to your own advantage and use to simply ignore your contract with the Payday loan lender, or multiple lenders as the case may be.
First, you’ll need to think a little longer-term than you may be accustomed to. Why borrow from just one? You can get the first one off your back simply by taking out another payday loan to pay for the initial loan. Relax! People do this all the time. Doing so has a number of advantages. You can take out an even larger payday loan than the first one, and pocket the difference, or even buy some beer with it. Hey, you work hard, and you deserve it!
But don’t limit yourself to just one additional payday loan. Take out 5 of them, for the maximum amount that your state allows. This could be up to $1000.00 a lender or more, giving you a windfall of up to $5000.00. Now, you’ll need to set aside about $1000.00 of that to pay the bankruptcy lawyer later, but that will still leave you with up to $4000.00! In many countries, numbers like that constitute a fortune. In some countries, taking out that much debt and not repaying could earn you a prison sentence. But this is America, and Americans have rights.
Next, you need to use this money in a fashion that will create some income for you. Yes, you can start many small businesses with an amount this size – personal loans, for instance. Just don’t make the mistake of charging the low rates that Payday loan companies charge.
You’ll want to hit the street, and put that money to work for you at 100% every two weeks. With your very own money lending service, you can easily double your capital twice in a month, minus enforcement costs. Try getting interest rates like that from a savings account.
Another option to consider is the non-mainstream pharmaceutical industry. Now here is a high-profit business opportunity that never goes out of demand. For legal reasons we can’t really say more than this, but read between the lines: The money is there to be made, for those willing to take the risk of making it.
If your business adventures don’t pan out, you’ll probably need that $1000.00 you put aside to pay the bankruptcy lawyer. You did put that aside, right? America is a country built on taking chances; that is why we have the bankruptcy laws that we do. The process is simple, and you probably won’t spend longer than 5 minutes in front of a judge, so don’t sweat it; millions are doing the same thing, and it is just part of capitalism. No risk, no reward.
To summarize, there is no need to allow a payday loan lender to mess you over; you can mess them over instead, and do it with a prudent level of acumen and cold calculation that would make Warren Buffet proud. What are you waiting for?
Disclaimer: The above constitutes a parody and satire, and is not meant to be taken seriously, nor as legal or business advice. Fraud is a serious offense, and unless you have an address on Wall Street and can force the taxpayers to bail you out after your fraud destroys the economic livelihood of millions, it should not be considered.
About the author
With this economy, many people are struggling financially. We can help you find legitimate resources and provide you with the tools needed to manage debt and credit effectively. For more information on online payday loans, credit repair, loan modification and debt settlement, please visit http://www.CureMyBadCredit.com.Tags: apply for an online payday loan, online payday loans, Online Personal Loans