Tag Archives: did
A Serious Emergency That Was Solved With A Payday Loan
Not so long ago we received a consult from a single mother going through a rather desperate situation. Her only child needed to go through a surgical procedure and she needed money urgently. Though she worked, payday was not soon and the money would not be enough either. The particularities of her emergency surprised us because they matched what payday loans were created for. We suggested applying for a payday loan and since she did, the problem was solved. Later, she visited us carrying her son in her arms and so I decided to write this article.
Using this case as an example, we will analyze the characteristics of a payday loan and the proper use it should have. Emergency situations happen every now and then and payday loans can save your day as they did to this lady. However, if you know how they work and how you should use them you will benefit more from them and will not need to count on the luck that this lady had when contacting us just on time.
Urgent Matters, No Time For Long Procedures
This single mother contacted us a few days before the day surgery was scheduled to occur. She wasted a lot of time trying to get money from friends and family with no luck at all. The amount she raised did not cover much. She did not need a lot of money though (the surgical procedure was not complicated). She just needed $1300 which the insurance would not cover because the procedure was needed to prevent a scar from showing when her son grew up.
As explained, she had committed to pay prior to the scheduled surgery which could not be postponed due to the nature of the injury that would heal leaving a scar if the intervention was delayed. Since there was no time for long credit and income verification processes, payday loans immediately came to our mind. Why? Simple, because payday loans can be processed within the same day and the money can be deposited into the applicants account by the next day.
Credit Problems, No Credit Checks, Few Requirements
This lady did not have a good credit score. Thus, even if she had the time to go through a long credit verification process, chances are that she would not have passed it. Fortunately, payday loans do not require credit checks at all. The whole loan approval is based on simple requirements that almost anyone can meet without hassles or sacrifices.
In order to obtain a payday loan, you need to show proof of income (by offering copies of paychecks receipts like this lady did or by showing copies of tax presentations if you are self employed) and you need to have a savings or checking account on a bank or financial institution where the money from the loan will be deposited and eventually the single or multiple payments will be deducted.
As you can see, payday loans are an excellent tool when there is an emergency. These loans where created to solve this kind of problems and not as a source of regular financing. As usual, our suggestion is to employ them wisely. If you think that your current situation is similar to the one explained above, then do not hesitate, the solution to your problem is a payday loan.
Know Your Options When You Need Same Day Cash
Its certainly not unheard of for anyone to have emergency money needs. Some of the richest people out there- names you would recognize immediately- were once unsure how to make it to their next paycheck. Well they did, and in many cases they did so with the help of private lenders willing to give out same day cash to hard working people.
In the first place, the first thing to know is that most big banks will laugh in your face if you approach them over it. They have stringent, unrealistic standards, and consider it a privilege for you to be able to walk in their door, let alone borrow money from them. Thankfully, though, the unmet needs in millions of working people caused by this attitude have made possible new ways of lending and borrowing money, ways that are better suited to your lifestyle and habits.
Getting same day cash has become far simpler with the advent of the internet and its rapid entry into all areas of modern life. The internet is uniquely suited to meeting these needs, since using the internet for quick loans means using less of your time driving around to banks, trying to justify your credit history, assembling countless documents, and basically trying to kiss up to people who should be begging you for your business.
For a view of the ultimate in simplicity, check out some of the terms available at cashmoneymart.com. Its truly astounding what a difference there is if you look at the options they offer and compare them to what the average bank representative would tell you they can do. They have all the information you would otherwise have to beg for from a bank officer, right there free for the taking. When you decide on a plan and start the application process, youll find theyve streamlined that process as well, with their custom interface. It makes the whole thing from beginning to end virtually stress free.
They wont ask about your credit history. Thats not their business, and they know better to assign any meaning to the statistics compiled by lenders who make impossible demands of working people. They also wont ask about collateral. Why would they want to sell your home? If you dont have a home, you certainly wont borrow from them again or tell your friends about them. Theyd far rather see you reach your goals with their help.
When you need same day cash, theyre really the best out there.