So many people avoid this route and hit up a payday loan lender first. Why is it so hard for people to bum a buck?

Let’s take a gander at a few possible reasons people turn to payday loans instead of a friend or family member:

Fear of rejection

Rejection is one of the biggest fears people have. You run the scenario through your mind on how you’re going to ask a friend for money. You might even run a sample conversation through your head. Yet, when you have the conversation it goes nothing like you thought.

It takes a lot of guts to ask for money. Rejection for this request often puts a weird stigma in the air for a period of time. You might try to brush it off, but it hangs there like a thick cloud. You admitted financial troubles to a friend, and they denied you assistance.

Therefore, people just hit up a payday loan place. There is less chance of rejection there. They do not even have to deal with the payday loan people once the loan is paid off. It is easy, convenient, and cuts the rejection down significantly.

The negative social stigma

Let’s expand on the stigma that comes with bumming a buck. Some people are very willing to lend money and never bring it back up. Others enjoy reminding you that you borrowed money.

Once you the rejection comes, there is a heavy cloud that lingers. Lets say you are over at friends for a BBQ. You start the evening out by asking for money. You are rejected. You are now dealing with this rejection the rest of the night. This puts a damper on the rest of the evening.


Let’s just face that it is hard to ask for money from friends. You invite your friends over for BBQs, not to share your financial situation with. How do you approach asking for money? This is not like talking about Sunday’s football game.

When you finally do get the question out, there is the wait for the reply. This is that one moment when time seems to grind to a crawl. Seconds feel like days. This is the part where the awkwardness shoots to the moon.

It is easier to just drive down to the local payday loan store and get a quick couple of bucks. There is no debate on how to form the question. There is no weirdness in waiting for their answer. It is just easy. Yet, that easiness comes with a high price.

Bumming a buck can be hard. There are times when you just have to suck it up and do it. It is worth your time to bum a buck over snagging a payday loan. Chances are your interest rate will be something nice like a cold beer on a hot day. Now that nicer than your first born going to the payday loan people?