As long as people have had money, they have had problems with money and as long as they have had paydays, people have had a tough time making it from payday to payday. The only thing that has changed is how we deal with it. There are now even more innovative and easier ways to deal with a temporary financial problem than ever before.
In early times, if you had a temporary financial problem, it wasn’t unusual to become subject to indentured servitude. You would agree to work for someone for a certain length of time in exchange for help on a financial problem. It was a good solution for many because the other option was debtor’s prison. From what I read, it was a particularly unpleasant place.
Next came the pawn shops. The pawn shops offered quick cash, but you actually had to turn over your possessions to the man behind the counter. He’d give you a pawn ticket and cash and on payday, you could do back and get your stuff. If you didn’t get your stuff back, they’d sell it in the shop.
Nowadays, we have moved on to something a lot better, online payday loans. You can handle the paperwork all online. It’s so easy to get approved that within just a few days, you can receive your loan and solve your temporary financial problem. Cash advance providers know how to treat you with respect and compassion. It’s a good deal all the way around. It’s a lot better than indentured servitude and pawn shops.
