My client needs a payday loan!!

I had a client this month blow her purchase loan out of the water by missing two credit card payments righ before we closed. This got me thinking about the great world of payday loans. “What are payday loans?” you might ask. Well, this client very much needed a payday loan. She could have secured enough money to make her minimum credit card payments, then paid the money back from her next paycheck. It would have literally kept her loan on track, setting her up with a mortgage payment less than she was paying in rent and even paying off half her credit card debts with her tax credit. I will forever remember this client as the one who need payday loan in a big way, but didn’t ask about them until it was too late.