Millions rely on credit to pay for home

Wednesday, January 04, 2012 3:56:00 PM

Over the past 12 months almost one million people have taken out a payday loan to help pay their rent or mortgage, according to a new Shelter survey.The chief executive of Shelter said "these shocking findings show the extent to which millions of households across the country are desperately struggling to keep their home.  Turning to short-term payday loans to help pay for the cost of housing is totally unsustainable.  It can quickly lead to debts snowballing out of control and can lead to eviction or repossession and ultimately homelessness."

Payday loans carry extremely high interest rates.  NFS can offer secured loans (see Find and Compare Loans page on this website) or unsecured loans (contact us for more information).  In both cases APR will be a fraction of that charged by payday loan companies.

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Starting June 4th and every Saturday Tower Group 8pm meeting will be a step study/step doing.For those interested in going through the steps while we study the steps I'll be more than glad to assist you.Bring a 1 or 3 subject spiral notebook,pen,highlighter and your Big Book.This is going to be fun as well as a new experience.Yes We have entered the world of the Spirit.Our next function is to grow in understanding and effectiveness.

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Payday loan companies are all over the place. There are over 10,000 ypaday loan outlets in business in the U.S. And they’re spread out in similar fashion throughout the world. If there isn’t a ypaday loan store near you, you can search the Internet and find hundreds of online ypaday loans there.These companies are in business to “help” those in dire financial need. They offer these loans to people who can’t find the money they need anywhere else. Let’s profile one company who offers ypaday loans as part of their overall financial services business – Money Mart.

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