Unexpected changes in our financial condition make us search for an instant answer to the problem. Consumers with this common bond of immediate need have pushed the payday loan companies to experienced exponential growth. While many loan shark companies lie in wait for easy prey, there still remain companies there to help you if you are willing to pay their fees. There are 10 good reasons for requesting a payday loan.
One: It’s easy. You don’t have to fill out seven pages of documents for this loan. You simply provide a voided check for the full amount borrowed, plus the fees, to the payday loan company of your choice. The checking account will need to be active for at least 3 months.
Two: It’s a quick process. If you have all the paper work with you, you can process the whole deal in a matter of 10-15 minutes.
Three: It’s a quick fix. These kinds of loans usually provide quick cash for utility bills, medical bills (small), automobile repairs, concert tickets (don’t tell them that), etc Sometimes you have to take care of bill that is due before you next pay check.
Four: The payday loan provides immediate satisfaction for impulsive people. You just came from the mall where you saw the finest looking pair of jeans and they are 50% off for the next two days only. Or, you have a “once in lifetime chance” to play the lottery which has a $300 million payout and you need the cash.
Five: It allows you to impress the visiting family members from Mars, or whatever planet they come from. You want to show them what a great outdoors cook you are and you need the money to purchase those rib-eye steaks with all the fixings.
Six: You don’t have to say no to the children. Fulfillment comes when you can dole out those twenty dollar bills to those children. If you have it available, or can get it quick, there is the possibility that you will become the greatest parent on the planet. If you don’t have it you will have to sleep in a house with children who think you are a prison warden incapable of handing anything of value.
Seven: It empowers you. You now can walk out of the loan office with the money in your hand. What a rush; what a feeling of control. Although it’s not a major amount, you feel like you can handle anything that might come along.
Eight: These loans do not affect your credit report. You can walk into their office knowing they will not do a credit check. And, if the loan becomes a debt trap to you, it will not reflect on your credit report.
Nine: You can always negotiate if the terms are not agreeable with you. Many people do not know this, but there are companies that will bargain with you in order to gain your business.
Ten: The Internet allows you to secure this payday loan from the convenience of your computer. Special online lending websites allows the prospective customer to fill out an easy application form. On this form the customer will provide bank account information, Social Security number and even employer information. If the loan is approved, the funds are then deposited in the borrower’s checking account. When the loan comes due the loan company will debit the amount due from your checking account.