What do people use a payday advance loan for?

Needing to borrow money isn’t always about needing to take out a large loan for a long time. Sometimes, you may need a smaller loan, just to tide you over for a few weeks or even days. This is where a payday advance loan may be useful.

CFPB

There are many different reasons why consumers choose to use a short-term loan such as this rather than more complicated or longer term standard loans, also read – “7 Things You Should Know.” You may for example, just need to borrow a smaller sum for a shorter period of time because you:

– have an unexpected bill come in
– have to pay for something that you didn’t anticipate
– have a heavy month in outgoings and need a bit of extra cash to tide you over
– find a bargain that you need immediate cash for to buy on offer but you don’t have any spare money until you next get paid

A payday advance loan isn’t like other types of loans in many ways. This kind of borrowing is more designed to help you:

– borrow smaller sums (i.e. hundreds rather than thousands of pounds)
get a loan in 24 hours or less
– bypass the standard loans approval procedures and waiting times
– borrow money that you are then able to repay the next time you get paid

This kind of loan suits many people who find that they may need to borrow money but who find that their lending needs don’t fit traditional loan methods. Let’s say, for example, that you see a bargain cut-price holiday on offer that is only available for a couple of days. If you don’t get a deposit down by that time, the offer will close.

You may not have the cash spare now. You may be a couple of weeks away from your next payday when you have access to the deposit money. But, you may not be able to get a bank to lend you the small sum you need and they are highly unlikely to approve a loan in time in any case.

A payday advance loan may be an alternative worth considering. This could give you the cash you need within a day. All you have to do then is to repay what you borrow plus the interest fee that is charged and you’ll be sorted.

7 Reasons to Oppose the Federal Payday Loan Rule

Does bad credit affect a payday loan advance?

Borrowing money nowadays doesn’t always just depend on whether you are able to repay what you want to borrow. Most standard long-term borrowing solutions (such as secured and unsecured loans) may also involve an in-depth credit check. So, your past history with money may play a big part in whether you’re approved for a regular loan. This may not, however, be as much of an issue with a payday loan advance. Why is this?

Payday loan advances are loans and they do work in a standard way (i.e. you borrow money and then pay it back with interest). But, unlike the kinds of loans you might get from your bank or building society, these loans are a little different. They may, for example make it easier for you:

1 – to borrow smaller sums
2 – to get instant approval
3 – to get a small loan in just hours or a day or so
4 – to get out of debt quicker as the loan is automatically repaid on a pre-set date when you next get paid

Some people with bad credit issues may find that this kind of solution works well for them. It may, of course, depend on the payday loan company that you choose to use. Some may not run any kind of credit check; others may just run a quick version rather than the in-depth analysis that a bank or building society may do for their loans.

Provided you use a payday loan as you are meant to (i.e. pay it back when your salary next comes in) then you may not do any further harm to your credit record either. Bear in mind, however, that these kinds of loans are designed for short-term, occasional financing only. If you need a larger loan or longer to pay it back, then this may not be the best solution for you.

Generally, all you may need to get a payday loan advance is to:

1 – be aged over 18
2 – to be in full-time employment, earning over a certain sum (this may vary depending on the company you talk to)
3 – hold a US-bank account with a debit card
So, if you need a short-term small cash advance, even with bad credit in some cases, a payday loan advance may be a solution worth investigating.

Robert Kiyosaki

Kiyosaki’s website is “www.RichDad.com” so I guess there’d be some sort of email contact point there.
BTW, his latest product is a book/tape set all about how MLM teaches you business skills “even if you never make money at it”!!! (smile) AND having heard the tape, about every 10 minutes during the 1 hour or so interview with him on it, he’s plugging one or another of Nightingale-Conant’s tape “self improvement” sets, so the whole thing becomes a commercial for those tapes. In other words, Kiyosaki’s found the ultimate AMO system–be a tape-seller without having an MLM to go with it! :)))

The point is this:

(or at least mine–hate to speak for others here at pain of having my rhetorical head handed back to me–smile) is this:
The reason
why The AmQuixMelaEquiTrek type folks promote events, trainings, tapes, etc. etc. so heavily is NOT because they know no other way or haven’t been trained “right” or because there’s no other way to do those businesses:
The reason is because the fatcats in those companies and others LIVE OFF THAT INCOME. In short, they have ZERO actual core believe in their company and business and products as real fortune-building enterprises–but they know that selling things to the people who DO is big business in and of itself.

In
short, they aren’t in “the business” whichever company it is–they are in the business of BEING in the business and of SELLING things to those who are.

Check me out on this, Ruth & Co, but thats the bottom line, isn’t it?

–Dan

My husband has been “under-employed” for the past 10 years or so

He has his MBA and lots of experience, but is working at a job that is pretty entry level. Well, he just got a huge job offer! Great news, except it’s in Virginia (we’re in Michigan), and it is a contractor position.

So, we’re currently looking at him moving to Virginia and living in a cheap (well, as cheap as northern virginia gets) rental while my daughter and I live here in Michigan – until we figure out our future (our our future is figured out for us, that is!) He would still base himself here in terms of permanent address, physicians, etc. My husband has major health issues, so lower standard health insurance is not an option, but turning down this offer, is not an option either payday loans for bad credit. So – he plans to fly home once or twice a month, and we’re re-evaluate every couple of months and eventually either I’ll end up there, or he’ll end up back here — hopefully in a much better job than the one he is leaving! Bummer is the new job isn’t able to offer very flexible hours (we were hoping for 4 days a week so he could have long weekends with us) – but I keep reminding myself – this is temporary!

We’re excited, sad and terrified all at the same time. This would be a relatively simple decision if it weren’t for my 3 year old – the thought of us not being a “normal” family just breaks my heart – but we know this is extremely temporary and that she won’t remember a thing! It will probably be roughest on my husband, for sure, but we don’t see any other option for us at this point.

Guess we will be living like no one else! (ok, not really, because there are others living this way)

I understand some people wanting

certain things off limits during certain times of the year. I am that way about Christmas music. It can be played only after Thanksgiving lunch through Christmas day.

Most of my designs have nothing to do with sports. I have plenty of designs that are ‘neutral’ and not tied to a season, theme, or sports. I have some that are not really feminine or masculine so they work well in offices, studies, etc. and are perfect when the wife is trying not to be too fru-fru. I just have never heard of anyone wanting plain undecorated coasters—basically blank tiles with felt on the bottom. In over a year at craft shows and a website, it has never been requested. I guess there is a first time for everything.

I did decide to do it. She is at work so I emailed her to let her know. I also told her that my business stamp will be on the bottom. I am also charging regular price since she needs it by week’s end and I am working on other orders. If she balks, that is fine. If not … I’ll take her $$ and it will be the easiest job EVER.

I would do the request

I have the “plain” ones you are talking about and I love them. My DH made them some years ago and my nephew and niece wanted them. sometimes you don’t want the logos–she didn’t want them because she wanted no sports in the offseason. LOL

Our goal is to get rid of our remaining four cc balances between now and the end of September

What we call the “Little Chase” because it was the lower balance of the two Chase accounts with a balance of $7512.40, when we started using the snowball chart in June of 2012 (3 full years into the DR plan for us, so you can imagine how much higher it was in the beginning) Even at $214 payment a month with zero interest it has been a long road to get rid of it. But it is GONE forever.

I also applied $500 to our next bill in the snowball today. It is what is called the big BOA because in June of 2012 it was the higher of the two BOA with a balance of $7677.81 and even with making $250 a month payments on it the decent of the balance has been slow because we are paying interest on that account. If all goes to plan within 30 days the remaining $1300 on this account will be history as well. Wish us luck!.

Including today’s Chase pay off we have lowered our monthly minimum debt payments nearly $900 a month. It’s taken us five years to get here, but it sure is a good feeling to know that much is paid for in full and gone forever.