A Little Extra Cash For Holiday Spending

by Kirby Gibbs

LUFKIN, TX (KTRE) - Spending during the holidays can leave pockets and purses empty and in need of ways to get their hands on a little extra cash. Local "quick cash" lenders told KTRE that business was very slow when first talks about an economic recession. But since last month, people in Lufkin at least, are becoming more confident with their financial security and loan services are beginning to pick up.

But don't be too quick to take out an easy cash loan before taking a few things into consideration. Research the rates of the loan. Emergency pay day loans are designed to be repaid within a few weeks, so if your're not prepared to do so, you may want to rethink taking out a pay day loan. Once you receive the loan pay it off as soon as possible. The longer you take to pay the loan back, the more you pay in finance charges.