Covering expenses with no credit payday loan

Have you ever heard of the saying “there are only two things that are certain in life – death and taxes?” If I had the power to add something to those two things, I would add expenses. Well, if you think about it, taxes are technically expenses, right? But when I talk about expenses, I mean a wide variety of things.

Utility bills, travel expenses (to and from work), grocery bills, credit card bills – I could go on and on. These things never seem to disappear from our everyday lives. I suppose we can make do without some expenses but unless you live a hermit’s life, then I think that expenses will always be a part of your world.

Of course, there are times when expenses just seem to get the best of you. Despite decent wages and regular income, there are times when you do not have enough to cover your expenses. What do you do then?

I would suggest taking out a payday loan without credit checking. For those who are allergic to the word “loan,” try and hear me out first before you leave this page. A payday loan is something that has been designed to meet the urgent – and relatively small – needs of the average person. As such, a payday loan is quite perfect in covering expenses that crop up when you least need them.

There are many online payday loan providers in the United States. Realising the need for their services, they have expanded their operations so that residents of the country can avail of money easily when they most need it. The requirements for a payday loan are not that hard to fulfill. In fact, you might very well be surprised to find out what you need in order to be approved for a payday loan. Are you ready?

First, you have to be a citizen or a resident of the United States. I assume that you meet this requirement easily. Second, you have to be of legal age – that is, you have to be at least 18 years old. Again, I assume that you meet this requirement. Third, now this one is a bit trickier, you have to have a regular source of income. Then again, if you are part of the working population then this should not be a problem. All you need to do is to present your most recent pay stubs in order to prove that you indeed have a stable job. If you are running your own business, do not fret. You can still avail of a payday loan, just show proof that you are earning money on a regular basis. Fourth, you have to have a current bank account. If you don’t, then you just need to open one. This last requirement is crucial because it is where your money from the payday loan will be deposited directly.

Did that surprise you at all? Taking out a payday loan in order to cover your expenses is an easy matter.

How a payday loan can assist you

Most – if not all – financial products exist to assist customers in one way or another. It is but rational that they do – otherwise, why else would an individual avail of a particular financial product? Think about it, an insurance policy for example. This product is something that will benefit the individual in case something happens. A personal loan works much the same way. Same thing with all other kinds of loans. Of course, while the individual availing of the financial product gains some benefit from it, the entity selling the product also stands to gain. They do this by charging fees and interest. It is much like a symbiotic relationship.

Payday loans are no different. They exist in order to provide for specific needs of certain individuals. If, for example, a person finds himself short of cash before his next payday, he can avail of a payday loan to see him through. Or perhaps, a person has a very urgent need to take care of and his money – from whatever source – is not due till the next week or so. A payday loan is perfect to meet this kind of need.

Most anyone in the USA can avail of a payday loan. The requirements are very basic and not hard to meet. First of all, a potential borrower must be a resident or a citizen of the USA. Furthermore, he has to be of legal age – at least 18 years old. These two requirements are non-negotiable and must be met for all payday loan lenders. Another important requirement is that the potential borrower must have a regular source of income. Most of the time, this is in the form of a stable job. That is actually where the term payday loan comes from – the borrower uses the money from his next payday as the guarantee that he will have money to pay back the payday loan. In other cases, if the borrower has his own business or is self-employed, he can also use papers proving that he has an income. Some payday loan lenders add on the requirement that the borrower should have been with his current job for at least 3 months or so. On the part of the payday loan lender, this adds assurance that the borrower will still have the job long enough to pay back the payday loan.

A borrower must also have a current bank account in order to facilitate the transaction. These days, payday loan providers operate online. They have done so in order to make the whole process faster, easier, and more affordable. As such, transactions are made electronically. The funds are transferred to the bank account that the borrower has specified. Payment of the loan can also be done electronically, using the bank of choice.

As you can see, a payday loan is a very efficient way of looking for financial assistance when one needs it the most. With the way the process has been streamlined, the assistance comes quickly and without too many glitches.

Do payday loans really offer a solution?

Perhaps if you asked various people from different sectors, you would get varying answers as well. The answer would really depend on the person’s perspective and his take on many things in life. If you were to ask me this question, though, I would answer “It depends.”

It depends on what, you may ask. Well, it depends on many different factors. In many cases, payday loans can offer the best solution available. In others, they may not be the most appropriate choice. Here are some questions to ask yourself in order to determine if taking out a payday loan is the best option for you.

How urgent is your need?
Do you absolutely have to have that money within the next few days or can your need wait till the next payday at least? Be totally honest with yourself. Sometimes, when we want something so badly, it is very easy to fool ourselves into thinking that whatever it is we want simply cannot wait. I have the perfect illustration to this. My friend was going on a business trip and he wanted an iPod nano to bring along. He didn’t have one. He wanted it so badly that he ended up actually believing that he needed it in order to have a pleasant trip. I can listen to music on the plane. I wouldn’t be bored out of my wits. I could be more productive if I had something to listen to – and so on. Obviously, he could have lived without the nano. He didn’t need to borrow money just for that.

How much money do you need?
Let’s take a look at that illustration again. The iPod nano could cost anywhere from $100 to $200, depending on where you buy one and whether it is used or new. That’s not too much, if you think about it. A payday loan could indeed cover this expense. Yet what about if your need ranges from $1000 to $3000? Will a payday loan be able to cover this expense? Probably not. Payday loans are meant for short term temporary cash shortages. They are not meant to take care of really major expenses. If you need a huge sum of money, then a payday loan may not be your best bet.

Are you expecting money to come in soon?
More so, will the money that you are expecting be enough to cover your daily expenses PLUS the payment needed for the payday loan? I think this is one of the biggest mistakes of borrowers. They think that since they have money coming in anyway, there will be no problem at all. However, sometimes, they overlook that fact that they have other regular expenses to deal with first. Money for food, for transportation, for the bills – these things are part and parcel of most anyone’s budget. They usually cannot be done away with. Now, if you are quite certain that your next pay cheque or that the money you are expecting (whatever the source may be) will be enough to take care of your day to day expenses AND pay off the payday loan, then you have nothing to be concerned about. The important thing is for you to be able to project your expenses and then see if you can afford the payday loan.

Financing my sudden vacation with a payday loan

I have always seen myself as a person who plans things. I could be quite disorganised at home – even at work (you should see my desk!) – but I generally know where things are and what I have to do for the day. This is especially true when it comes to vacations. I like planning vacations. I want to know how much I have to set aside for the plane tickets, for the hotel, and for miscellaneous expenses. This week, though, I was met with a big surprise – something that I could not really say no to.

You see, the company that I work for has its main office in a foreign country. What I didn’t know was that one of our colleagues from the main office was visiting this week. More so, I didn’t really expect that he would request for us to go with him to the beach this weekend!

This, of course, is a very good thing for me. I love the beach. I love vacations – even if only for the weekend. Then again, I realised early on that I wouldn’t have enough money to go on the trip. I had two options – say no to my colleague or find some way of getting the money. It’s not that I wouldn’t have the money sooner or later. After all, payday is coming up soon. It wouldn’t be here in time for the weekend break, though. More so, I really couldn’t say no. After all, the guy is from the main office and he doesn’t have anyone else to go with him to show him around.

Then payday loans came to mind. I know that I am a firm believer of taking out loans only for important matters. Then again, I suppose I could consider this as an important one. After all, it’s not like I wouldn’t have the money to pay it off when my payday arrives.

I couldn’t have made a better decision! I only had to go online and find the web site of my favorite payday loan provider. I filled out the online application form – this took my around 2 minutes. It was especially easy because I had used their services before. They didn’t ask me for the usual requirements for first time borrowers. They already have my information – demographics, proof of stable income, bank account, and the like.

After an hour or so, I got my application approved. I expected this as I have already been approved before. The next day, I got the money in the bank! Now I can go on the weekend trip without any problems at all!

You, too, could do the same thing! If you are faced with a sudden need like mine – it doesn’t have to be a vacation, mind you – then you could look for payday loan provider and get the cash you need within a matter of hours or days. Convenient and easy – that’s what I can say.

Cheap cash till payday

Who would not want to have cheap cash to last him through the days till his next payday comes along? I sure would want some of that! In this day and age, however, it is not that easy to find cash lying around – much less cheap cash. Have you ever found yourself in a situation wherein you needed cash really fast and you didn’t have many options available to you?

You probably thought about a family member – maybe he or she could help you out. Then you realized that this person probably didn’t have the money either. This is not improbable, especially with the economic situation today. Then you probably thought of your colleague. Maybe he or she could spot you for a while till you got your next pay cheque. Then again, the more you thought about it, the more you realise that you don’t really feel comfortable approaching a colleague for this kind of favor. Another option that you might have had was to approach your bank or local financial institution. This would have been great except that you needed the money as soon as possible – maybe a day, two at the most.

If, at that time, you didn’t have a clue as to what payday loans were, then you probably had a very difficult time dealing with your situation. Now think about what you could have done if you had known about payday loans and how one could have provided with you with cash to deal with your problem.

You could have gone online and found a suitable payday loan provider. Then you could have filled out the application form, which would have taken you a few minutes at the most. After filling it out, you would have sent in the application form and then merely waited for the approval of the payday loan provider. Once you got your approval, you would have gotten the cash in your bank account within the day or the next day at the latest.

Now that you have this information, perhaps the next time that you face an emergency financial situation, you would consider taking out a payday loan. Before I convince you, though, you probably need to know more about the cost of payday loans. How cheap – or expensive – are they?

The title of this post mentions “cheap cash” till payday. Are payday loans really a source of cheap cash? Truth be told, they will cost you money. After all, payday loan providers are here as businesses themselves – they are not giving away their money for free! Yet if you think about it and the convenience and the speed by which you can get your much needed cash, the price that you have to pay is small by comparison. Indeed, if you think about the interest that you have to pay for the more conventional loans, it may seem that they are cheaper. But if you think about the time and effort involved, payday loans would still be the cheaper alternative.