None of us like to think that we need to consider loans to payday.
The majority of people are typically financially responsible and realise that credit options such as loans are to be used sparingly and responsibly.
Unfortunately, life doesn’t always respect our wishes and inclinations though.
It may not matter how diligent you have been with your monthly budget or how parsimonious with your spending, life is capable of catching any of us out. That may leave you sitting glumly facing an unexpected and ‘for immediate payment’ bill that you have no apparently obvious way of dealing with, as your payday is still sitting on the horizon.
The good news is that there are loans to payday available to help.
Typically called ‘payday loans’, these are specifically designed to help people in the above sort of situation.
Unlike some other conventional borrowing, they can be applied for and dealt with, entirely online – if you find a loan provider that is geared-up to do so.
One potential advantage of this type of loan is that the review and decision process happens almost immediately and if your request for a cash advance is approved, the money could be in your bank account within a few hours.
As the sums advanced are typically smaller ($100-300 or perhaps more in some cases) the lenders will not ask you to justify your reason for the borrowing. They may also be far more understanding of credit history issues than conventional lenders.
All that a payday cash advance lender will typically require is that you commit to repaying the monies in one go from your next, or perhaps next but one, payday. They will typically place a debit on your bank debit card to recover the loan, plus their previously agreed charges, on the agreed payday.
To successfully apply for such a cash advance to payday, you’ll generally need to the over 18, in permanent employment which generates a regular and predictable salary, be resident in the US and the holder of a US bank account which has an associated bank debit card.
So if you do need loans to payday to help you survive a particularly bad month, the payday loan may be for you.