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Posted: Sun Mar 11, 2007 4:53 am Subject: Why did you take out your first PDL

What reason did you take out your first payday loan?

Just curious, I know the second one was to cover the first one and the third one was to cover the second one and so on and so on.

Just wanted to know what prompts other folks into this trap? The REAL reason.

My reason: I gambled money and lost.

Posted: Sun Mar 11, 2007 4:58 am Subject:

I see a lot of first timers coming on, feeling crappy, belittling themselves. So I thought if they could see a post of all the REAL reasons the others got caught in the trap they would not be so hard on themselves.

Posted: Sun Mar 11, 2007 5:13 am Subject:

Well I got married and although I love my husband dearly he developed a drug habit and stole a ton of money out of our joint account, so I had to take them out just to put groceries in the house. But he is in rehab now and he hasn't been doing that anymore(of course I switched banks, put it in my maiden name and had all the info sent to my parents house but I truelly believe he is doing better but only time will tell). It just got to the point where my entire check was gone the moment it was deposited and I couldnt pay rent and saw no end in site. Thank the lord that I found this site and got the information I needed to fight back Smile

Posted: Sun Mar 11, 2007 5:30 am Subject:

I took out my first internet PDL almost 5 years ago to cover my inpatient deductible for a surgery I was having. After that, I found PDL's to be an extra paycheck. Little did I know!!! If only I knew then what I know now...........

Posted: Sun Mar 11, 2007 5:48 am Subject:

Thanks guys,
3 people and 3 very different situations, I think this will help ease the mental anguish of those coming on for the first time. Our brutal honesty sometimes hurts, but also helps us face reality and start the healing. Might sound crazy, but if we compare our situations to this, we have all come to the debt emergency room to fix our boo boos. Thanks for your contribution. Hopefully more folks will come along and add to it. Goodluck guys, we are all in this together, supporting each other will help each of us get through it.

Posted: Sun Mar 11, 2007 6:50 am Subject:

We took our out first one out when I was missing work going to the doctors before I had surgery, then they continued from there because I was out of work and bills were needing to be paid and was trying to get make house payments and car payments and things just spiraled from there. I had surgery 5 months after moving into our new house, so it was rough. HInd sight is 20/20, but at the time we were only looking at the short term solution and not the long term of having so much money drawn from our bank account every payday and how it was going to really hurt us to where we feared loosing our house and such. You know, desperate people do desperate things and that was us at the time.

Posted: Sun Mar 11, 2007 7:12 am Subject:

Good question! I had been out of work for almost 2 years and when I went back to work it was for half of what I was making even with unemployment. At the same time, my child support becam eratic, (something that I counted on to help make ends meet the ex owes me 20k+). So when my checking account became overdrawn a friend suggested a pdl. I was hooked! What a false sense of relief - and the vicious cycle began! Hi my name is Colleen and I am a pdl junkie!

Posted: Sun Mar 11, 2007 7:26 am Subject:

There was a thread asking this same question a few months back with several responses.

ladybugmisty@hotmail.com · Posted: Sun Mar 11, 2007 7:39 am Subject:

Hi, I'm Misty, and I'm a pdl junkie, too. I've been one for five years now. My sister was the one who introduced me to the pdl mess five years ago when I had to have major surgery, and I was off work for a month healing/recovering. Bills were due, and I was only drawing 50% of the net worth of my paycheck. I took out my first one, and over the years it has spiraled out of control to the point that now I can't pay any of my other bills because I'm paying back the pdls. My paycheck goes to one pdl, then I re-borrow so that I can pay back the second pdl, and so on and so on. My sister made it out of the pdl trap, but I didn't. I got hooked. It's like an addiction that I'm now addressing and hoping and believing to overcome so that I can have my life back and my paycheck back so that I can get caught up in paying my other bills and repair my damaged credit.

Posted: Sun Mar 11, 2007 7:54 am Subject:

Sorry britney, did not ever come across the post. Thought it would be something good for people to vent. Especially good for new people coming on to the site, those older posts don't pop up, maybe we can come up with a way to refresh them every now and then. If we don't know they are there, don't know what to google to find them, how can we access them or think of accessing them. Can you give direction here? Where is the post and what would one looking for it google? Thanks

Posted: Sun Mar 11, 2007 8:26 am Subject:

funny thing I notice.. Most not all were out of work.. Notice how PDL and IPDL" all say YOU MUST HAVE A JOB AT LEAST 6 MONTHS TO QUAL?? So I guess they dont check anything Very Happy

But I had to send a copy of my recent paycheck..??
me I had just lost my child support but not the child.. Smile

And I guess I didnt plan for that big gap in income..

Posted: Sun Mar 11, 2007 9:09 am Subject:

For us, my husband was working when we got a couple of our, I wasn't so our income got cut drastically.

OK, I know this is off topic, but what is this "Quick Message" under some of your all's names?

Posted: Sun Mar 11, 2007 9:19 am Subject:

Hi,
I am also an ex-pdl junkie too, who is trying to reform. I guess I got into it because I couldn't get approved for any other type of credit and thought it would be an easy solution to my problems. (Hah). Little did I know that it would get bigger and bigger, untill I was spending almost a third of my check on them. Then I discovered the IPDL's and you can guess where I was heading...

Guest · Posted: Sun Mar 11, 2007 9:24 am Subject:

Because I had a cocaine addiction. That is why I took out the 2nd, 3rd, 4th.......up to 12th one. It got to be I had no paycheck. To make a long story short, I bottomed out(mostly because I had no way to get drugs), decided to change or die(a very hard choice), went into rehab, left my job, moved across the country, paid off all my debts(and there were tons). Have been clean since 05-10-05. That is why I took out my first PDL. I am proud to be clean. Broke, but proud.