5 Possible Payday Loan Scenarios

Created: 2018-09-19 09:00:00

Payday loans can come in all shapes and sizes. That is one of the first significant benefits to this example of short term loans from Cash Kitty. Another nice thing to keep in mind with these loans is the fact that they can be applied to a wide number of situations. To put it in the simplest terms possible, a payday loan is ideal as an immediate solution to a short-term problem. As long as you are eighteen years of age, a citizen, and gainfully employed, you can almost certainly take on one of these loans. The approval process and ratio is one of the best for any loan option you will encounter.

When You Need A Payday Loan

As we mentioned before, a payday loan can work in a number of short-term situations. While payday loans should not be used from one month to the next, you will find that this loan solution has the ability to get you out of a sudden financial emergency. These loans can work for pretty much any situation in which you need money fast, and you know you will be able to repay a loan. In most situations, people pay these short term loans back by their next paycheck.

Does your situation qualify? At Cash Kitty, we’ve certainly worked with people from all walks of life. To that end, we have a good deal of insight into the most common payday loan scenarios. Consider our list, if you honestly don’t know whether or not you need to get in touch with us.

If You Need A Payday Loan

While not an exhaustive list by any means, here are some of the most popular reasons for payday loans:

  • 1. Covering basic needs: Let’s imagine a situation in which you need to pay an unexpected bill, or some other expense that wasn’t part of your budget. You took care of that, but now, you need to have a way to get groceries, or any meet other basic needs, while you wait for the next paycheck. If this situation sounds like something you are going through right now, then understand that Cash Kitty can definitely help.

  • 2. No credit check required: One of the biggest things that stops us from getting a loan is concern over our current credit rating. This is why a payday loan is often the best call for those seeking short term loans. Regardless of your current credit rating, you can get one of these loans. Yes, that includes zero credit, as well!

  • 3. Avoiding friends and family: We aren’t going to sit here and tell you that you should never, ever borrow money from family and friends. However, we will tell you that in our experience, the decision is more often than not fraught with a certain amount of peril. Even the strongest bonds can take a beating, when money gets involved. In many situations, it is better to just avoid the possibility altogether. Payday loans make it easy to do exactly that.

  • 4. Covering a bill or debt: If you have a bill or debt with certain conditions attached, failing to pay that amount on time can result in some severe penalties. Those penalties can be greater than the terms of a payday loan by a considerable margin. Rather than pay more in the future, why not pay a little to meet the terms of a payday loan?

  • 5. You just need the extra cash: If you are financially in good shape, but you just need some extra cash in a hurry, why wouldn’t you think about one of these short term loans? You have the resources to pay back the loan fairly quickly, but you still need the money right there and then. There are all kinds of time-sensitive reasons as to why that could be so.

These are just some of the situations in which you may need some money in rapid fashion. Cash Kitty has worked with people from all of the scenarios mentioned above, in addition to several more. If any of these apply to you, then contact us today to get started.

Basically, when you need money for a short-term financial situation, a payday loan is going to be the fastest route.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk