At some point, maybe more than once depending on how lucky you are, you will have an emergency that could be solved with a quick infusion of cash, but you are like so many of us who just make it from one paycheck to the next. And you haven't saved much, if anything.
Your car mechanic might tell you something bad. You just got your oil changed here. He looked at your brakes and said they are bad and need to be fixed right away. This problem can be solved with $250, but you don't have that much cash on hand. You don't want to ask your brother-in-law again because he will tell you again how bad you are at managing money.
If you only need a small loan for a short time, you can't go to Household Finance Company or any of those other loan companies. You don't want to be stuck with a loan of at least $2,500 for at least one year. Also, you wouldn't pass the credit check because all of your credit cards are full.
What about the bank where your checking account is located? Forget it! Same thing, bad credit record. A loan application for such a small amount of money would make the loan officer laugh.
But wait! Remember those ads you saw on your computer while you were surfing? Those who said they would "No credit check and approval right away. It's okay if you have bad credit or none at all. Get the money now." Consider it! You can settle up with them in no more than one or two paychecks. Even if the fees are a little high, it's worth it to get your problem fixed right away and without much trouble.
You can use your computer to apply for an online cash advance from the comfort of your own home. Since you've been working there for more than three months, all you need to do is tell them where you work. You've had a checking account for a while and haven't had a check bounce in well over a year. And you've never taken out an online cash advance before. Fill out your loan application right now, and you should get approved in an hour or two.
They'll put the money directly into your checking account, and you can tell your mechanic to fix your brakes. Yes, you did see what your loan's interest rate was. The fee will be anywhere from $15 to $20 per hundred, depending on the state you live in. If you roll over the loan to your next payday, the fees will double, but having peace of mind now is better than being stressed out about not having a car.
Do some research on your computer to find out which of the online companies that offer payday loans will give you the best deal. Learn about annual percentage rate (APR), because it makes a big difference in who has the best terms. If you know someone who has worked with a payday lender, you should ask them how it went. Hope you find a lender who is happy with a fair profit and a happy customer who will tell their friends about you and come back when they need a small, short-term loan to fix a sudden financial problem.
