I am not one to judge or decide how one should spend the cash they receive from a cash advance, but really, Christmas presents are not an emergency. Let’s put this in perspective. Having one’s electricity turned off is more of an emergency. Running out of food is an emergency! Don’t abuse sites like http://paydayguaranteed.com/ ever! Most of life’s necessities can become emergencies if you don’t have them. But come on Christmas presents! Use a pay day loan wisely!

Let’s say you take out a $1000 pay day loan for these emergency presents. You have now entered into a contract to pay back the $1000 plus all the fees and interest. For most people, this will cause a bigger financial crisis when they cannot afford to pay off the loan on time an incur more refinance fees every week or two. How has your life improved?