How a quick payday loan may help

If you find yourself short of money in between paydays due to an unforeseen cost cropping up and wish to borrow a small amount of cash (up to two southend dollar loans) for a couple of weeks, what do you do? One solution may be to consider a quick payday loan.

A payday loan may be useful in a wide range of situations when you need cash – and fast. For example:

you are scraping by with five days to go until payday and one of your car tyres has a blowout. A payday loan may allow you to go out and replace the tyre within a few hours from applying;
you forgot to pay your gas bill and the final reminder drops through the letterbox, however you do not get paid for another week. A payday loan may provide the cash needed for you to meet it;
your monthly wage has not spread as far as you thought and you need to pay for childcare. A cash advance loan may help.
These are just a few of the situations where an instant payday loan may be able to help you over the short-term.

What is a payday loan?

A payday loan is a form of borrowing that is taken out for a short period of time – usually until you are next paid by your employer. Payday lenders typically limit the amount you are able to borrow – so huge sums are not involved, making the whole process quick and easy.

This type of loan is typically aimed at those who find themselves short of money between paydays, such as in one of the examples described above. Typically, you can apply for a payday loan and usually have the money in your bank on the same day (or the day after at the very latest), providing your application is approved.

Generally, the whole amount of the payday loan is repaid back to the lender on your next payday via your debit card (the details of which you will have supplied when you applied for the fast cash loan). Interest is added onto the amount you borrow plus a bank transfer fee. This amount will typically be made clear to you at the outset, so you know exactly what your cash advance loan will cost you.

A payday loan is not suitable for those who are suffering financial problems from month to month but rather if you come across an emergency from time to time.

Am I eligible for a payday loan?

As with any type of loan, there will be certain requirements that have to be met in order to be eligible for a payday loan. Typically, these will include that you must:

be at least 18 years old when applying;
have a bank account in the USA and a debit card attached to the bank account. (The latter is needed in order to repay the loan);
work in full time employment.
If you meet the above criteria of Extloans, or that set out by the provider you choose, then you may be able to benefit from fast cash, often in the bank within 2-24 hours, with a quick payday loan.

I don’t agree with 100% of it

but it does highlight something that my DH and I have discovered in our own spending. There are categories where it’s relatively easy to cut back, at least over the short term, and we think gosh that’s great we cut back. However, there are categories where it takes some effort to cut back, either because those costs are harder to change and/or higher in general. Yet cuts there “count” more, either because once made they last, and/or because the actual cuts are a lot higher in saved $$$ over the passage of time. For instance, on our working farm, our feed costs are very high – it’s our second highest monthly bill. Only our mortgage is higher. Our eat-out costs are 1/10 to 1/20th of our feed costs. Sure we can cut back on eating out (and we’ve almost eliminated it), yet by eliminating it we haven’t touched our two biggest bills yet. That cut was only a drop in the bucket. If, on the other hand, we do our homework and shop around for better homeowner’s insurance (which we did in 2013) or if we tackle the feed bill (which we’re in the process of doing now), either of those might eliminate hundreds per month from our expenses. Most of you won’t have a feed bill, but everyone has some big monthly cost that we tend to think of as “untouchable.” I think a balance of both tactics – eliminating costs which are easy, but also knuckling down and doing the homework to put bid dents in the major bills – are perhaps the best recipe for long-term budget improvements. Just some encouragement to try……..