If you need a little extra money but don’t want to go through the hassle of a credit card or a loan from the bank, a payday loan is an option. Payday loans can be taken out quickly and easily over the Internet with no face-to-face contact necessary, but maybe choosing which to loan from can be tricky; luckily, SFgate.com reviewed the top payday loan providers for you to choose from.
This means that there’s no waiting around in lines at banks or stores – it’s as easy as filling out some paperwork online! You’ll have your cash within minutes of applying, so now you’re free to do whatever you want with it. Here are several ways a payday loan can help you:
Becoming a Lifeline
Maybe you’re down on your luck, and you’ve been infected with the coronavirus, or maybe you’re stuck paying off the hospital bills for your coronavirus. Whatever it is, if you find yourself in a financial bind but still need to take care of whatever it is that’s come up (like buying groceries), taking out an online payday loan can help pay those expenses until your next paycheck comes around.
You Can Save Your Job
If you’re concerned about losing your job because of a medical emergency, taking out an online payday loan can help. Keep in mind that there is typically a fee for every $100 borrowed (typically around $15).
Still, it’s much cheaper than the alternative: missing work and losing pay or potentially even getting fired! You’ll get paid when you get paid, and if your boss understands the situation, they might even let you work a few hours later to compensate.
You Can Make Your Car Payment
If an emergency comes up that will require taking out a payday loan, but you’re still making monthly car payments on it, don’t panic! You can take out a payday loan and use it to make your car payment so you can keep driving while you pay off the payday loan.
You Can Make Your Rent Payment
Do you have an eviction on your record? Taking out a payday loan might be able to help with that! You’ll get paid when you get paid, and if having good credit is essential for whatever reason, you can make your rent payment with the money borrowed.
You Can Make Your Utility Payment
If an emergency comes up and taking out a payday loan will help pay for it, don’t panic! You can take out a payday loan and use it to make your utility bill so that you have power while you’re waiting on your next paycheck to come around.
You Can Make Your Child Support Payment
If an emergency comes up and taking out a payday loan will help pay for it, don’t panic! You can take out a payday loan and use it to make your child support payment so that you aren’t behind on what you owe.
Best of all, the money you borrow can be used to pay back your child support, so you’ll get the cash in time for when it’s due again.
