I was looking to buy a used car at a local dealership. My car had broken down so I needed one pretty quick. It wasn’t very expensive, but I found myself a little short. I knew I had the option of a small bank loan, but the percentage rates seemed a bit high, and with my paycheck just a few days away, I just needed a short-term loan to get me through until payday.

I remember seeing a sign hanging in the window of a local business that read “car loan guaranteed approval“. They were known to be payday loan specialists, which was exactly what I needed. I called them up and asked what I would need in order to obtain a loan. They told me I would need my last two paycheck stubs (proving employment), a couple of utility bills (proof of residence), and a check that could be made out for the amount of the loan, so when it came due, they would simply deposit the check instead of me having to go back in.