It’s Monday, 8:30 am. You have 30 minutes to brush your teeth, get dressed, get in your car, and drive to work. You rush around the house with your toothbrush in your mouth, toothpaste spittle flying as you rake a brush through your hair, shove your shoes on and fly out the door.
Of course, days that start this way never seem to look up. You throw open the door to your car, haphazardly fall into the driver’s seat, and slam the door shut. Of course, your key goes in the engine…but your car won’t start. Of course, you know you spent the last ten pounds in your wallet on groceries for the next week. In addition, you won’t get paid until Saturday.
Fix Your Broken Budget
This is a situation where a payday loan is probably the best solution for you. This might be a disappointing fact – no one wants to admit they’re broke. It might be comforting to know that you’re not alone, though. Studies show that disposable income per head fell by 1.2 per cent from 2007-2008 in the UK and continued to decline well past 2010. A whopping 18% of British citizens are now categorized as “low income.” Because of this, the average 2001 family spent ten pounds more a week than the average family today, and now most have trouble saving extra funds.
It’s not your fault – the global recession hit everyone hard, especially those whose incomes were already low. Paying for your car, food, groceries, bills, utilities, and your child’s needs can add up to a lot of expenses during the month, leaving little for emergencies, such as your car breaking down. Unfortunately, no one expects these accidents to happen, but they do.
You might be able to tighten your belt a little and buy some cheaper food for the next month, but that plan won’t do you any good when you need your car fixed immediately – otherwise, how are you going to drive to work or pick up your child from school? A payday loan can be helpful because you pay it off as soon as you get your regular pay cheque. If that’s only a few days away, but the emergency can’t wait, it’s a great opportunity to pick yourself up and fix the problem that’s staring you in your overworked, tired, dishevelled face.
Address Your Cautious Concerns
You might be worried about time – just because your car broke down doesn’t mean that you have a few hours to spare not just to get it fixed, but to go to a payday loan shop, fill out several forms, and wait. After all, you still have to pay all those bills! There’s an easier way to solve this issue, though – the internet. Wherever you are – at work, waiting for your child to finish school, or in the line at the grocery store – you can load up a website, fill out the forms, and apply for your payday loans online. This saves you time and money – after all, instead of taking time off work to get an advance on your pay cheque, you can keep your regular schedule and solve your problem all at once. This way you only have one thing to worry about – taking your broken car to the shop – instead of also worrying about your finances. This is key because the people who will be supporting you through this stressful week are your loved ones, particularly your other half – and the number one issue that places stress on relationships is money trouble.
Many people worry about payday loans – after all, there’s been a lot of negative information in the news about them. Some sources have even accused lenders of being predatory! However, like everything, payday loans are good in moderation. You have to make sure that you’re responsible and treat it like any other loan. Pay it off on time and in full and you won’t have to worry about any of the negative results, such as high debt. You won’t put yourself in a situation where you’re receiving one loan to pay off another. This shouldn’t be difficult because you’re already a responsible person. The state of your finances matters to you and you manage them carefully, alongside everything else that needs to get done. There’s no need to worry about the repercussions, then because you already know that when it comes to paying off your debts in full and on time, you can do it.
Put an End to Your Problem
This is the key to any financial agreement: to be responsible. However, responsibility isn’t just essential on your end. It’s also key for the lenders. Some of the negative press about payday loans is due to the dishonesty of the lenders. They don’t display their annual percentage rate of charge (APR) clearly enough, or the interest they charge could raise your eyebrows right off of your forehead. This is why it’s important to choose a lender that values responsibility, integrity, and honesty. Look at their website for information: are they committed to trustworthiness? Is their APR and interest rates displayed clearly? Do they explain the terms of the loan agreement up front, so you know exactly what you’re getting into? You wouldn’t buy a new telly from a stranger selling it out of the back of a black van, so why would you treat your payday loan the same way?
When approached responsibly cheque advances can actually be beneficial for you. They can restore your quality of life. Instead of going hungry for a few days or leaving home two hours early because you have to walk to work, your issues can be successfully and efficiently solved. Studies have shown that as long as you research your loan and your lender and educate yourself on the terms, getting an advance can help. Sometimes you’re really in a tight squeeze – and a payday loan can help get you out.