There Can Be Good Reasons For a Short Term Loan

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Borrowing Money for a Reason
Payday loans, also called cash advance loans, often get a bad rap because of high interest rates and fees. However, they are a vital tool for people who need to borrow money quickly and whose credit situation does allow them to have credit cards.

There are many situations in which a payday loan might be an appropriate choice. For example, say your car breaks down and you don't have cash in the bank to make the repairs. If you need your car for work and to get your kids to school, you can't wait to get it fixed until you save enough money. In that case, getting a payday loan may be your best option.
Decent companys out there will look after you and are not the loan sharks that they are made out to be, make sure that thye are backed by a large network and have been trading for a long time. Eastside Lenders are a company from Newark that will asses your situation and can offer a short term solution that will have you covered and a payback on payday plan for you. You can see more about Eastside Lenders from Articles on the internet or from thier website so see what they can do to help.
Emergency Medical Bills
Emergency Medical Bills

Another situation in which you might need a payday loan is if you are faced with emergency medical bills. A sick child or a ride in an ambulance due to an accident can quickly put you in debt. A payday loan may be your best option for paying your bill quickly and avoiding a drawn-out expensive payoff period.
Unexpected Trips
Unexpected Trip

An unexpected trip that comes up -- not for a vacation but an emergency such as a death in the family -- also may be reason for a payday loan. Last-minute airline tickets are expensive, and if you don't have a credit card, your only other option is to pay for them in cash. A payday loan can give you the cash you need quickly.
Avoid Late Payments on Credit Cards
Credit Cards

Even if you have a credit card, there might be a situation in which you would need a payday loan. Say, for instance, your credit card bill is coming due and you don't have the money to pay for it. Not only will you face the finance charge for the balance you carry, but you'll also face a late fee of $25 to $35 if you can't make your payment on time. Taking out a payday loan to pay off the debt in full and on time can actually be cheaper.

Payday loans do have high interest rates, if you project them out over a year, but if you consider them as a one-time expense, they really aren't that bad. If you have to pay a $30 charge to get $200, that's only 15 percent interest, which is the same kind of interest rate you'd get on many credit cards.

The key with payday loans is to pay them off before the deadline. It's when you extend payday loans that they start to get expensive.

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