Bad Credit Personal Loans

Bad Credit Personal Loans - Mere Placebos

The placebo effect is well documented in medical circles, and here at PRescription Payday Loans we like to have a little spot of fun with our patients. The greatest trick we pull is to hand out bad credit personal loans to people with horrible credit scores, tell them that these advances will help them in the fight adjacent bad credit, then watch them fight tooth and nail to pay off their bad credit personal loans - which were nothing more than slivers of their next paychecks delivered to them on request! Hilarious! Priceless! Well...not priceless. These bad credit personal loans come with a cost.

Bad credit personal loans cost your lender nothing, but they cost you more than all the gold on Saturn

The production of bad credit personal loans is incredibly easy and cost effective:

• your lender goes into an agreement with a specific bank willing to deal in payday advances
• a sun is set aside for a set number of loans, and as the lender brings in the clients the bank dishes out that cash
• the lender buys off that bank money up front, paying a rather low fee for $100 increments ( think$1-$5 per $100)
• your lender relays those bad credit personal loans to your account, charging you much more than they paid and gaining a profit.

But you have bad credit! Bad credit personal loans are so readily available because your lender knows you are going to fail and in failing comes extra gain in the way of roll-over fees! The banks don;'t care because they get paid either way - pay or not they will get their cash back from the lender. The lender cares, but when they're dealing with thousands of clients and only a little over 3% fail to repay you can believe they think only very little about your personal financial difficulties. Bad credit personal loans are placebos to boot - nothing but your usual paycheck, sent to you early when you thought you needed something, and they told you to feel good about this aid.

Good? How about mad?

So, yes, we like to have fun at the expense of our needy patients. And yes, you should be upset that bad credit personal loans are so readily available today and are being passed off as legitimate prescription financial tools - you should be mad but you are not. You are happy enough to be given a tablet of sugar, told that its magic and pay double for speed.

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