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the idea behind these unsecured loans is to offset the high risk with high interest. The interest rates are not as high as payday loans, but still inappropriately high for most borrowers. Few people are disciplined enough to curb their spending in order to be able to repay the loan without making other financing arrangementsy, and a cycle of debt results.

5. How about making some fast cash as all the emails in your email spam folder say you can? You're assured that for just a few dollars per month for ongoing "advice" and "support", wealth will soon be at your fingertips, but don't be fooled. Only genuine work, skill and knowledge will net you any financial benefit from entrepreneurial ventures. Almost all the clubs, e-books, blog tool kits, or "make money with Google" (or eBay, or Amazon) promotions, are based on the somewhat truthful premise that many people do make money; but these seemingly virtuous offers are ultimately sullied by a fee periodically charged to your credit card (sometimes after a "free" trial period) for information of dubious merit that is usually already available for free.

These are typical examples of "easy" cash snares that can quickly have you caught in a cycle of debt. And you should beware - they will interbreed and mutate to try to fool you with new forms of high interest lending or get rich quick animals that actually aim to eat up your future earnings. So, be on your guard against anybody who says they've got any easy cash solution for you, and ask yourself, what's in it for them?

Learn more about this author, Ysabel J. Doran.
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