Is there such a thing as paydayloan addiction? I believe there is, but I am no psychologist! I believe a paydayloan addiction is a compulsive use of payday loans. Sometimes people take one payday loan after another and sometimes many paydayloans at the same time, even knowing that they can not be paid back as agreed.
How do I come to this conclusion? I have been there! Many times I chose to take out payday loans even if I did not need it! Yes, it was stupid, but it wasn’t ignorant because I knew what I was doing. I had been sucked into payday loan hell! Perhaps it is not a paydayloan addiction but possibly more of a paydayloan compulsion. In the end, an ‘addict’ may take out one paydayloan to pay back the other in a nasty cycle of high interest debt! This can impact your life in many disasterous ways. Stress on your marriage or relationships. Do you pay the paydayloan or buy groceries? No problem, just take another paydayloan to buy the food! Not the best train of thought but not uncommon! Use a paydayloan wisely or you will get hurt!
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