Payday Advance Loans Are Your Secret Weapon Against the Budget Blues
We’ve all heard we’re supposed to have a “budget” that maps out our income and expenses and helps us plan our responsible adult financial lives. Unfortunately, despite bandying the word around a lot, schools don’t teach budgeting and mostly our parents don’t either. So here we are out in the real world and all we know is that the bills seem to be piling up faster than the money. Rent, student loan payments, even the cost of groceries is going up every year – much faster than most of our salaries are going up. That’s a long-term problem in need of a long-term solution, but in the short term payday advance loans can make sure you can pay your bills on time and not destroy your credit. Or, if you’ve already had some credit problems, short term loans can stand in for credit cards – quick cash when you need it – except without the years of monthly payments and accumulating interest.
Fast, Flexible, and Affordable – That’s Payday Advance Loans
One of the problems with traditional personal loans and even borrowing cash off of your credit cards is that there are a lot of rules and very little flexibility. Bank loans, for example, can be difficult to use in times of crisis because they take so long to apply and be approved for. Credit cards tend to apply your payments toward the lowest-interest items first, if you have purchases, advances, and promotional programs that have different interest rates. Furthermore, if you’re like many of us you always promise yourself you’re going to pay back that credit card cash advance as soon as possible – and then it rides along on your credit card for months or even years without being paid back beyond regular payments. Payday advance loans look like a bigger commitment because the interest rate is higher, but if you add up the interest you pay on credit cards month after month, you’ll see you’re not getting a bargain using plastic! Another advantage to short-term loans is that often the payment terms are more flexible. You can repay the whole thing in a month and be done – no pesky ongoing monthly payment – or you can use a lender who offers extended terms or a revolving line of credit.
Payday Advance Loans Can Get You Cash In Hand Overnight
When you need extra money, you need it quickly. Whether it’s because you had to fill some prescriptions that left you with no grocery money, or the car broke down and you need it in order to get to work, speed is one of the more important factors in selecting a source for a loan. One of the greatest advantages of a payday advance loan is that you can apply and be approved in minutes, and you can have money by the very next day. Since it goes directly into your bank account there’s no check to deposit or cash, and no waiting for it to arrive in the mail or making time to go to the bank during business hours to pick it up. That’s just one more way that short term loans go out of their way to make things as convenient for the consumer as possible.