Sure, life would be easier with a money tree in the backyard. Of course, that’s not a reality for any of us. In fact, for many of us our financial situation is more like a deciduous tree. Meaning, at some point and time most of the leaves fall off and there is not much left on the branches. When our bank account feels similar, as far as there not being much in it, we can’t always make full payments on our financial obligations. Making at the least the minimum payments each month would work, though if you don’t have any other choice. This isn’t wise to do as a long-term solution, though. You risk putting yourself in a situation where you can never get your outstanding balances paid off. If you are making minimum payments because you need the money for something else, an online cash advance may be a solution for your short-term needs.
These loans work well for many people because there are no credit bureau checks involved. Payday lenders consider your job and income your credit thus eliminating the need to check your credit history. The application process for an online cash advance is easy and approval is fast. Most companies provide a simple online application that takes only minutes to fill out. They can have you approved quickly and can fund you overnight. Knowing that you can have the cash in your bank by the next business day is comforting and can alleviate some stress in regards to getting those monthly payments paid. Because repayment of your online cash advance will be taken out of your next paycheck, you don’t need to worry about making minimum payments on yet another bill.
Having options for money is one thing, knowing that there are simple short term solutions that will pull you out of your situations is another. An online cash advance is fast money in and a quick payment out. There are no long term negatives with these types of loans. Online payday loan lenders don’t report to credit bureaus. Although you may pay a bit more in interest for an online cash advance, it pales in comparison to what you may end up paying on a credit card if you only make the minimum payments. For example: If you have a credit card with a balance of $500 at 18% and only make minimum payments, it will take you 47 months to pay it off and you will pay almost $200 in interest fees. With a payday loan online, you can borrow the same amount and pay half in fees because you pay it off quickly. It is important that you do pay it off right away, though, or you will be charged a “rollover” or extension fee.
Yes, life would be easier with that money tree in your backyard but for now, knowing a payday loan or cash advance is there for you when you’re in a financial pinch can give you some peace of mind.
