Discover How Online Loans Have Gone Wild!
Behind the organic vale of the Internet everyday, evermore, and increasingly people are considering pursuing instant cash. Acquiring a loan or the idea of having to pay someone back is stressful in itself but the online loan community has made it quite easy. It is friendly and relatively quick. You don’t need a lot to qualify. Just the basics in most circumstances.
And what’s more, there is NO major standard for your credit standing, nor expectations of collateral and they won’t create a great battalion reconnaissance to check on your spending habits. It is all done for you. Instead, you are very quickly put into a category of personality types based on past generations habits that have been well documented and neatly organized. All done forensics styley.
This is to say that it really doesn’t matter much about your standing in any community. From a business stand point, it depends on how badly you need a loan(s). Nothing to be taken personally right?
In this distressed economy, people are finding themselves teetering the edge. And the more their current standing is realized, their stride weakens just a bit more…and then desperation and a deepened depression is introduced into the psyche to an almost normality.
Stress can breathe a palpable energy. And salivating lenders thrive in this environment. They do not have to go out and hunt for potential prospects. For the people who do this type of work, it is well-known that people in general have a hard time foreseeing what they have never been through and therefore do not know what to expect. So there is no real thought that carries over stronger than that of their need. ‘Thoughts’, in this sense are not given the same credence as experience.
Human nature gives us many glowing examples of this. For a short moment, let’s use The Victims Of The Plinean Eruption Of Vesuvius. A still highly debated and tumultuous argument, scientist, geologists, psychiatrists, philosophers, teachers and other types of…’Ologists’ agree on one thing. They can’t figure it out. What was going on there?
In the end and no matter what their arguments significance’s are, to this date, it is still comes down to a matter of experience vs. inexperience. And to this, people haven’t changed.
As an example of experience, I do not believe that anyone can measure the lethality of what feels like a hot airy day in Palm Springs. One can only imagine what a person could be thinking if they were there for the first time but were used to a life living closer inland.
Considering this, a societal clash could be devastating and it is one of the first and striking things that yields it head up from under the covers when it all hits the fan.
People from other countries like India or Jamaica have been summoned to our beck and call forever to do our daily operations. Processing loans, data center work, customer service, resolving credit disputes, and paper work of various natures to no end. China, like many other countries have worked to create our toys, rubber-wire parts for our vehicles, prepare and package our foods (for our convenience), develop medicines to elongate our lives and even… represent us as authority operatives with our legal affairs! All done overseas and all over the world.
And we were angry when manufacturing went away. These operations were not outfitted yesterday. They were destined so, and have been going on long before a lot of us were born.
Now that I have set the stage, let’s dig a little deeper to the point for this article. I want to share my personal experience from working with the instant cash community.
For several months, I had been facilitating a friend of mine’s tech-challenges to drive around this information super highway that is our web. He really needed money and as a result of our efforts, the experience of getting the loan was sorely eventful. Not to mention, we never got close to the right amount needed. So we had to go for more short term loan scam. This process became scary because other loans had to be gotten to make sure that near-past loans were covered. So don’t you be fooled. When they say $1500, they might just mean $320.
It was amazing to watch the stalking and being preyed upon behaviors taking place right in front of us. And then the act seeing him being eaten alive dealing with it!
What was also difficult was I littered through the hundreds and hundreds of online loans gone wild ads. All non-discernible, tiny-worded applications. There were pop-up windows that feature endless options and then offers to all the major credit systems like Experian, Equifax and Trans Union, credit card offers of all types with ridicules credit lines. All with high interest rates and they all want you to sign up because they know you need the money.
Even though we tried our best to be selective, I still felt uneasy about the one’s we chose…and rightly so. Because once the word was out that he was in their neighborhood looking, they all came out with their toys to play. It became a complicated matter of too much month at the end of the money.
And guess what, all minorities are welcome! (Don’t take my word for it. There’s too many studies out there like that of the Young Turks, TYT on YouTube.com as well as others.)
We witnessed an explosion of emails, text messages and the loopy phone calls. After they had all of his information and his feet locked down in a bind, hidden under a basement somewhere, they then wanted to do a 3-way call with his bank, crazy!. They were really on a role. Your minds-eye could just visualize their snarled sniffles for blood as they cram for your attention. And all hidden behind beautiful graphic pages with models holding funds, checks and credit cards.
Here is one of the day’s of activity that happened to my friend. After a circus act of tripping through many loops, a loan was finally given for $500. He was very happy because he could see his way out.
At this same moment at his bank, the amount he was working with was understood and calculated for all traffic. In other words, he was keeping a keen eye out to know exactly what was going in and out of his account. This inclusion of the $500 dollar loan he’d just acquired would not only cover that very important bill but more importantly, would be his first light out of the red.
That same day, a previous lender who had just given him a loan just a day or so prior, turns on the pipes at the bank and withdraws $190 from his account…2 times on the same day! He was OUT $380. Needless-to-say, he was without full payment to his bill and now was really dismayed with trying so hard, for so long. Only had partial payment, he now had to accrue penalty fees.
And get this! The loan company pulled out more than they were supposed to (the loan charges were $25 per $100 received) and without sticking to THEIR OWN time-scheduled contract, they also pulled out whatever amount they wanted to. Talk about shady. This was a no-win battle because in the end, he would lose his time and then still owe them. And TIME was the main factor. [This is just exhausting even thinking about that again.]
THIS is not too much month at the end of the money! Is this what people can expect with this kind of mind-numbing inundation?
I have learned a lot from his experiences. And maybe now, I’m might be a little traumatized with regard to the emotional turmoil these viral businesses expose on individuals, their families and communities.
What’s also disturbing is that these businesses all seem to be in bed together. Kind of like off-line banks are. Once one hates you, all of them do. It dominoes and one CAN find your self the center of a roasting. Only thing is you were never invited to feast.
I have ranted a bit in this article and so let me qualify 3 reasons of why I wrote this. 1st is because of my friends and my experience of going through the loan process. The 2nd is an article I read online from a very distant article writing colleague who writes on the same posts as I do. He will remain nameless in this writing. He’d written on behalf of 100DaysLoans.
His article explained how wonderful 100DaysLoans’s business model was. Especially if you did some comparison shopping. When I read his review, I knew that this person did not have a direct experience with the online loan industry. Anyone who does their homework would know that these companies are super-predatory and are setup so that you may fail. You may refer to the YouTube video embedded in this write-up or click here and see what Mr. Mark Hoffman of Consumer affairs dot com has to say.
3rd and probably more importantly, I do not want this posting to come across as being completely against a person’s need to obtain a loan. Sometimes we have to do what we have to do. Even if it may not leave a nice taste in the mouth.
So for this I will attempt a control of sorts. I would like to develop an alternative outcome or at least see things through another spectrum. I am ditching the normal search engines we all know and love and do a litmus test if you will, of a business to business point of view.
Reverse engineering this idea, let’s go to ClickBank and see what we find with a keyword of “loans”…
What I found was 2 businesses that not only produce loans but alternatively, has plans of action for bettering your present credit dilemma. That’s a nice touch to taking your life back.
There were some other business ventures to do with loans in ClickBank that are a little questionable but all-in-all, these two were a pretty good find. The best part is, I found them in about 15-20 minutes.
Also, Clickbank is also a good venture for readers to consider instead of online loans. Making money with Clickbank will never happen as fast but at least the outcome is far more desirable.
mileswork~
A Payday Loan Review
If you are searching the Internet for info about retirement investing, make sure to go to the web page which was quoted right in this line.
