CashNet USA

Ever since the economic downturn back in 2008, the popularity of payday loans continues to increase. Not because they are great and easy to use, but have become a necessary evil for those that are so far in debt they need to use them to survive. While, sometimes it takes a last resort to use filing bankruptcy as a way out of debt, many have to learn the hard way. In fact, many people burn through assets and even borrow against their 401(k) before making the decision to file for bankruptcy. Recently, payday loans have become available online and it makes me lead to the question, Why would anyone take out a payday loan on the Internet? When it comes down to it, why would anyone take out a payday loan? For those of you who don't know, payday loans are usually small, high interest loans that are borrowed for a short time with the security of a post dated check. If you ask a bankruptcy lawyer about these loans, they would go back to the question, why?