I was in need of money. My bills were getting behind, my cupboards were bare and I needed to put gas into my car to get to work. I really did not know what to do, but I had to find a way to get some money.
My credit was horrible so I knew I could not go to the bank and get a loan. I asked a good friend if he had any recommendations. He told me to look at getting an online payday loan. He said he was able to get one with his less than perfect credit and that it really helped him out.
I decided to look at my online payday loan options. I was hoping that I could find a loan that would help me get caught up.
I went online and did a search for online payday loan. I found quite a few different options and I was happy about that. If I qualified, I could get my loan quickly and sent straight to my bank account. I was super happy about that since I needed the money right away.
I applied for a couple loans online. I really hoped I got both of them, but even if I got one, I would have what I needed. It only took a little bit to hear back and I was approved. It was great to know that I would no longer be in this bind and that I could get the things that I needed. It only took a day to get the money in my account. I paid my bills, filled up my gas tank and got the groceries that we needed for the next several days.
I'm really glad I talked to my friend about my troubles. He gave me some good advice and I was able to get back on my feet.
When times are tough personal loans can come to the rescue, but some believe they cannot receive a personal loan with no credit, bad credit, or when they just need a small amount.
Have you ever found yourself in a situation where you need cash fast but you were met with a number of obstacles? Perhaps you visited the bank and talked to them about their personal loans to find that your credit was not good enough, they wanted collateral, you didn't have enough credit, or their minimum borrowing amount was well beyond what you needed. Then again, you may have been turned off by the idea the loan would cost you considerably more interest than you wanted to pay.
Personal loans that don't require a credit check or any collateral is what is ideal for you so you can solve your financial dilemma fast. These loans are designed for those that want to borrow money for a short period, have bad or no credit, and who can pay back the loan according to the lender's terms via their bank account. If you're at least 18 years old, have a bank account, and have a job, you're in luck.
Bank Vs. Payday Personal Loans
There is a significant difference between the traditional bank loan and payday personal loans. First of all, you can apply for a cash advance from a payday lender online in the comfort of your home. You don't have to
walk into a building to talk to someone face-to-face. The most interaction you may have with a person is over the telephone.
There is also the fact that the amount a person typically receives in a cash advance is equal to the amount of your paycheck and typically does not exceed $1,000. The application takes just minutes to fill out and approval can be rather fast.
Another significant aspect is the fact that personal loans through a cash advance company are very short-term. This means no having to commit for months or years to pay back the money. Instead, you borrow what you need instead of more than you need and you pay it back when you get paid. From then on out, you are able to borrow when you need to. When you acquire personal loans through banks, you can't normally take out another loan until you pay the much larger loan in full.
When to Apply
It can be easy to hesitate when faced with the decision to apply. The fact is that you should apply when the need comes about. Allowing a financial difficulty to persist can lead to deeper financial woes, so it is best to take care of it as soon as you can. Payday personal loans can help you do just that.
Why I Like Short Term Loans
There have been a few times in my life when I have needed short term loans. I was glad to be able to get one. I know getting a loan isn't always the easiest thing to do. Sometimes they are needed and can really help a person out.
Last summer my husband lost his job. We were not sure what we were going to do. I had just given birth to our third child. I was not able to go to work right away.
We applied for a loan and got it. We were very thankful for short term loans and glad we were able to get one. They really saved us during that time.
My husband has now found a new job and we are busy paying back the loan. It is going to take us a little while longer but it will feel good when we do. We don't like being in debt for long periods of time.
Once we pay off this loan, we should be doing really good. We will be able to put money in savings and go on a big vacation. We have put it on hold for a while now.
Some people have told us we should not have gotten that loan. I just don't think they understand how that loan saved us. Short term loans can be a really good thing for some people.
If we had not gotten that loan, I am not sure what we would have done. We could have asked our families for help but we really didn't want to have to do that. We had to ask them years ago and said we would never do it again.
If I have a friend who is questioning if she should get a loan, I am going to tell her to do it. It could be exactly what she needs. As long as she is going to pay it back, there is no harm in getting one.
Category: Payday loans