B2 – Upper Intermediate
Life is tough and it is even tougher for people who are short of cash.
Payday loans are a form of cash advance to help people cover their expenses until their next paycheck comes in. For some, it is an easy way to have a temporary solution to their money problems.
Listen to the audio and read the transcript about payday loans.
Vocabulary Questions:
- What does the idiom “Give it to me straight.” mean? “What do you mean complicated? Give it to me straight. Where did you get a loan?” Use it in your own sentence and give a synonym or similar expression.
- What does “to run someone dry” mean? “Exactly, because they can run you dry.” Use it in your own sentence and give a synonym or similar expression.
- What does “quicksand” mean here? “And then people like you get locked into a vicious loan cycle that is almost impossible to escape. Like quicksand.” Use it in your own sentence and give a synonym or similar expression.
Discussion Questions:
- How do you react/feel when someone tries to borrow money from you?
- Are payday loans a help to people or not? Explain your thoughts about it.
- Are payday loans common in your country? What is your opinion about their high interest rates?