Tuesday, May 18, 2010

Payday Loan or Not?

What is your plan now?  Spend the whole afternoon thinking on how to get away from your worries or cry the whole day over something that can’t really be solved with your tears?  Sometimes, we tend to forget that there are solutions in front of us but because we are too occupied with the burden, we do not notice those.

Quick cash for example.  Many of us would think that this is such a big problem maybe because of the economy today and the fact that everyone is actually affected with the crisis.  We forget that while we are there crying, there are payday loan companies out there doing something in lieu of our situation.  Now, what is payday loan or cash advance?

For those who are really familiar with it and who have benefited from it will define cash loan in a positive way.  Meanwhile, for those who haven’t actually experienced how it feels to be desperate about something and who have only looked at it theoretically will definitely label it negatively as well.  That’s how the industry of payday loan goes; some approves while some do not.  In whatever way you see it, it wouldn’t be perfect just like anything and anybody else.

In your case, how are you supposed to define it?  Let’s check on the process.  You will research on the best cash loan company; you will search for their terms and conditions including all their fees.  Then, you will go online or call the lender’s customer service.  If you go online, you’ll download an application form, fill it out with your personal information and submit it.  If it’s via customer service, you dial the number and you’ll be assisted by a customer representative who will lead you through the application process.  Whichever way you choose, you get an immediate response whether your request has been approved or not.  You can only borrow up to $1500 and in case you get an affirmative answer, your quick cash will be available in just 24 hours.  Some would even deposit it directly to your checking account in just 1 hour.

So which is which?  You crying the whole day or you processing your cash loan in just 5 minutes?  Which is which?  You paying a higher interest rate than usual but easily getting quick cash or you being trapped by different bills?  You have all the choices in the world but remember that when emergency comes, you are not supposed to have forever before you make a decision.  As early as today, while you are not yet in that cruel situation, you should be able to decipher which one could be of greater help.  In that way, when the problem is already there, you are very much prepared.

So what is your plan now, payday loan or not?  What’s your decision, cash advance or a whole year of stress because of delayed bill payments?  Think hard.  Payday loan is just there, waiting to be noticed.