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Tag Archives: debt trap

Beware of budget traps

Can Budgets Get Trapped In Reward Debt?

We’ve all heard the excuse, ‘debt-traps’. They are most offered used in reference to reasons, none to their own, why their budget is such a mess. These traps are frustrating, destructive and are often harder than quicksand to escape. The most difficult task in trying to put an end to these problems is to first admit to being part of the problem. A debt-trap begins with the consumer who overuses or even abuses third party money help. Companies make it easy. With enticing offers, personal failures multiply. It takes a balanced budget, … Continue reading

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Don't let payday loan use trap your budget

Is Your Secret Payday Loan Use Hurting Your Finances?

Secrecy is one of the biggest issues behind payday loan usury problems. Whether money troubles stem from overspending or neglect, a budget that demands any type of reliance on short-term loans will create problems. When secret use is involved, it is natural to hide negative results. Unfortunately, when it comes to money, secrets compound with monetary loss. With every payday loan, there are fees, budget stresses and a debt trap ready to catch someone’s fall. Overspending. Shopaholics, emotional spenders or those trying to keep up with the Jones next door … Continue reading

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