For our Trip to Dumaguete on the 27th, I need some cash to expedite the said because it's on our own expense. I have not received my salary yet and I think not until the end of the month--and it will be subject to deduction because I was hired in the middle of the school year. My idea was to get a loan.

I was hesitant at first because I did not know the procedure and I am afraid that the interest rate might be too high that much of my monthly salary would go to the monthly amortization. And honestly, I do not want to incur debts.

My co-teacher acted as the guarantor of the loan, which made the process a lot easier because he is already known by the managers of the agency that granted the loan.

Actually I did not loan from a bank but from lending company. The interest was in fact too high but that was the easiest way I could get the sum I needed so badly.

Even if the interest rate is high and the company deducts the first monthly amortization upon the release of the loan, many teachers loan from the lending company--you know, the salary of teachers is really not enough if they have to support students, especially those in college.

That's a sad fact but we have to face it. Teachers do not have plenty of time to follow up transaction with banks so many are left with no choice but to take the bait of lending investors.

After paying up the loan, I hope would not have to loan from the said company.