Home » Finance

Instant Payday Loan - A Friend Indeed

Jun 22, 2008
Instant payday loans are cash advances with no frills attached. You get the loan in a couple of hours, without being put to rigorous credit checks and documentation hassles. You pay back when you get your next pay check. Sounds easy, so let us get an instant payday loan. But this raises fundamental question: Can we really live on loans? After all, a payday loan has to be paid back at a later date.

It is well known, we cannot afford to go on a loan shopping spree, taking one after another. So let us find out the situations which justify picking up instant payday loans.

Emergency, Of Course

Everything in this world is useful, provided it is used prudently. So it is in case of loans. A medical emergency, sudden sickness, an immediate repair, etc are a few critical situations that have given birth to the idea of payday loans. The instant cash advances bale you out of crisis that may turn adverse due to dearth of cash.

Instant payday loan can be availed simply by either calling a payday loan lender or applying online. As no papers are required to be faxed, the loan is sent directly to your checking account. Since no fax-no credit check is required, instant payday loan is also sometimes referred to as faxless online payday loan.

Pay Up Pending Utility Bill

Utility bills often create chaos at the end of a month. With the utility bill due date round the corner and your salary check far behind, you are trapped in a tight situation. But help is just a phone call away. Get an instant payday loan, pay your bills before due date and avoid surcharge. If the instant payday loan is paid back in time, an instant cash advance will cost less than a bounced check fee. Banks usually charge $20-$30 for a bounced check, whereas an average instant cash loan will cost you about $18 for every $100 borrowed.

However, abuse of payday loans should be avoided. Remember, instant payday loans fill a temporary cash shortage. These cash advances should be borrowed for the shortest period and should be paid pack at the earliest. A one time payday loan fee of $15-$30 may not be taxing. But over a period of time, the high interest adds up. In certain cases, the worth of loan fee rises much more that that of the initial loan.

A few important pointers to keep in mind when you go loan shopping are
If you apply for a payday loan online, make sure they are registered with Better Business Bureau.
About the Author
Cord blood storage is gaining prominence. More and more people are approaching a cord blood registry to store umbilical cord blood stem cells, and rightly so. To know more about the need, benefits, process and other details about cord blood banking, visit CordBlood-Banking.Org
Rating:
Please Rate:
(Average: Not rated)
Views: 221
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources