Oftentimes, as
borrowers research payday loans/cash advances throughout the Internet, they
come across websites that state that payday loans are for "financial
emergencies" without further defining what they mean. It may seem obvious,
but in reality many people are left confused by this phrase. A "financial
emergency" to one person may be needing money to purchase a satellite
dish, while to others it may mean needing to come up with fast cash in order to
pay rent or a medical bill.
Of course, a true
financial emergency is the latter, and that is precisely what a payday
loan/cash advance loan should be used for. Whenever one finds him/herself in a
financial bind, a no fax cash advance loan is always a convenient option, as
they are always readily available and are completely manageable when one needs
financial relief in a pinch. It is important to remember, however, that payday
loans are to be used responsibly, as they it is quite easy to abuse them since
they are so convenient to obtain.
A cash advance loan
can be used in any number of ways, but the following is a "Top 10"
list to get an idea as to why using a cash advance loan may be the best option
in any precarious financial situation. This list is NOT in order of importance:
1. Your car breaks
down, and you absolutely need your car in order to get to and from work, etc.
If you need money right away to fix your car, a cash advance loan is a great
option.
2. You paid your bills
on time, you're in good health, but you are short on money to spend on leisure
activities. A payday loan can allow you to have some extra spending money to
put enjoy yourself until your next payday.
3. The cumulative
amount of your late fees are higher than the low fixed cost of a payday loan. A
good rule to remember, as referenced on numerous websites, is that one can
expect to pay $15 for every $100 borrowed.
4. The payment for
your utilities is past due, and they are about to be turned off if a payment is
not made promptly.
5. You are past due on
your cell phone bill, and it has already been turned off due to late payment.
6. An impromptu
medical emergency requires your immediate attention, and you are short on cash
in order to make the payment.
7. You are late on a
few credit card payments, and collection agencies are breathing down your neck
wanting to collect the debt. Instead of risking a declining credit score, a no
fax cash advance can salvage your situation.
8. Rent is due soon,
and you cannot wait until your next payday to make the payment. Instead of
risking eviction, securing a cash advance loan is a good idea.
9. Payday is two weeks
away, and you don't have enough money to pay for basic necessities, such as
groceries or gas for your car. Cash advance loans can come in handy in
situations like these.
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