A friend told me that with Thanksgiving just over and Christmas just around the corner, she is seriously out of budget, especially after a home emergency that broke her budget for the month. Payday, unfortunately, is still a long way off and the bills have to be settled at the end of the month.
While many people would resort to friendly loans from friends and family, my friend doesn’t think it’s a good idea. Taking out a bank loan is out of the question because of the many requirements and the time needed to process her application. Previously, she resorted to quick cash from her credit cards. Now, they are maxed out and are of no use.
My friend has considered payday loans. From what I read online, such loans are great to cover our expenses till our next pay check. There are a few types of payday loans, though. Some would require us to fax in our forms while some would require a credit check.
My friend needs no fax, no credit check payday loans because it’s the most convenient and one could get the cash the same day itself. That’s very fast, if you ask me!
While payday loans may seem like godsend, it is actually not. There are requirements that applicants have to meet. I read on a few websites that one needs to earn at least a thousand dollars a month and be at least 18 years old. More importantly, one must be disciplined in meeting repayments on time or interest could snowball out of hand.
Payday loans are actually short term loans so as soon as the paycheck arrives, the payday loan is the first thing we should take care of. My friend, before applying for a payday loan, should read all about it from websites like ThinkTanking.org. Once she is clear what payday loans are, she could easily apply for one through ivctricounty.org.