Nearly every one of us has been through a time in our lives
when our financial situation did not balance out. Even if
you make decent money, sometimes it can be a challenge just
trying to make ends meet. So many of us live paycheck to
paycheck, and all it takes is one unplanned expense to
throw our budgets out of whack. When that happens, it is
good to know that there is a way to get access to cash
quickly by using a cash advance loan also known as a payday
advance loan.
If you are wondering if a payday cash advance loan is a
good choice for you, consider this list of the top ten
reasons to get a cash advance loan:
1. Car Loan Repayment
Excited at the thought of buying your very first car? With
rates the way they are, maybe you are getting a great
interest rate on your auto loan and are scared that if you
make a payment late your auto lender might reconsider your
status as a safe borrower.
A payday cash advance loan can give you access to the money
you need to make sure your car payment is made on time.
2. Emergency Car Repairs
You have always been a reasonably safe driver and you have
excellent insurance coverage, so you weren't really
concerned about that minor fender bender the other day. I
mean, your insurance will cover it, right? The answer is
that it probably will, but you didn't count on having to
pay that $1,000 dollar deductible, did you?
Getting a cash advance will allow you to be able to pay the
deductible now and get your car back on the road much more
quickly than if you had to wait for your next pay check.
3. Last Minute Travel
Airline and train tickets can be expensive, especially if
you have to buy them at the last minute. If you are caught
off guard by the need to travel for whatever reason; a
wedding, graduation or to welcome a new-born baby, you
should know that will have to act quickly to get a decent
rate on your tickets.
By getting a payday cash advance loan, you can take
advantage of lower rates for purchasing your tickets in
advance, even if you might not have the money in the bank
right now.
4. Avoiding Late Fees
Oftentimes credit card companies will charge inflated fees
for late payments. In some cases those fees can be as high
as $30 or more.
Using a payday loan is only a good idea in these situations
when the amount of the cash advance fees is less than the
fees charged by your credit card company.
5. Credit Card & Overdraft Debt
More and more people are considering an unsecured short
term loan such as a payday advance as a quick way to pay
off high interest credit card debt that is threatening
their credit history.
By using a cash advance loan to pay off outstanding debts
you can keep your creditors happy and your credit score
stable, so long as you are able to repay your payday lender
in the allotted time frame. Cash advance loans can also be
a reasonable consideration if you are caught in a situation
where bank overdrafts and returned check fees are adding up
and you are unable to get out of the situation between pay
periods.
6. Home Repair & Improvement
In most cases, home owners will use the equity they have
built up in their home over the years to finance much
needed home repairs or improvements. For those who might
not have enough home equity to make that possible, a cash
advance loan might be just what you need to make emergency
repairs to your appliances, your windows, or even your roof.
7. Wedding Expenses
Weddings are certainly not cheap. Perhaps you are the
parents of the bride and as such you are expected to foot
the bill for your daughter's big day on your own. Or maybe
this is not your first time at the altar and you are paying
for everything yourself. In either situation you might
consider an unsecured loan as a way of meeting your
immediate financial obligations so you can rest easy
knowing that the wedding day is paid for.
8. You Have Bad Credit, Bankruptcy
Most of the time, people with bad credit simply cannot
qualify for a loan from a traditional lender, but that does
not mean they won't incur unexpected expenses, does it? The
great thing about cash advance loans is that the vast
majority of these lenders don't even do a credit check!
9. Got a Hot Date?
You have been asking someone out for weeks and you weren't
expecting them to say yes on the one week when all you have
left in your wallet is unpaid bills and lint. A payday
advance can save the day and give you the money you need to
make a great first impression.
10. The Cost of Living
Hey, let's face it - there are always emergencies coming up
that make it next to impossible to make ends meet between
paychecks. No list of reasons to take out an unsecured loan
is going to be comprehensive, because the only one who
knows your situation is you. Your reasons for taking out a
cash advance are your own. Just make sure that before you
take out an unsecured loan you know you will have the means
to pay it back when it comes due or else you may just end
up putting a very temporary bandage on a larger financial
wound. Don't let that wound get infected!
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Want a cash advance loan but don't know where to look?
Check out http://www.HotFastCash.com for comprehensive
reviews of the leading cash advance lenders as well as all
of the information you'll need to have a successful
borrowing experience.
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