Using Instant Cash Advances As A Means To An End When Emergencies Pounce

by David Jenyns on May 12, 2011

It can sometimes happen that just when you least need it, things can go wrong.  In today’s tough times, getting by is hard enough without having unexpected expenses cropping up depleting already hard pressed wallets.

 

So if you were facing a situation that needed paying for immediately and you have no money to spare, how would you deal with it?

 

You could use a credit card but what if your balance is already full?  What about getting a loan? It’s a possibility, but credit is still hard to come by and banks are still only lending to their own customers.  Times have changed.  How about an overdraft?  If you are lucky and get one approved, then that is great.  But what happens next if you get refused an overdraft? Going overdrawn without permission should not even be thought about.  You are looking at serious interest and charges, often into 6 figure APR’s!

 

You could call upon family or friends to see if they can help but they are more than likely in the same boat as you are financially.

 

So what do you do? What if you need to pay for your car to be fixed in order to get to work, because if you can’t get to work you don’t get paid  Well, one form of short term finance that is readily available is payday advance loans.  These instant cash loans are short term loans designed to get you through your time of difficulty until you next get paid at which point you repay the loan.  Simple.

 

In spite of the bad publicity citing sky high interest rates, a payday loan from a reputable lender is quite possibly the only form of credit where you know upfront exactly how much you will have to repay and when.  Borrow £200 and you will be required to pay back £250.  Can it be any more clear?.  So you know exactly how much you are being charged.  Totally transparent.  Not something that can usually be said about credit cards or overdrafts.

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