Knowing that there is a fast and easy way to get cash can be very comforting in times of financial stress and can certainly prove to be extremely helpful to many people in meeting unexpected costs for medical emergencies, vehicle repairs and other sudden expenses. The great thing about instant pay day loans is that they provide you with the money you need instantly without you having to wait until payday.
Getting an instant pay day loan to meet expenses you cannot immediately pay can actually end up saving you money, even when you take into account the charges relating to these loans. This is basically because not paying a bill on time could potentially result in:
- The company attempting to access the funds from your bank account if you have a direct debit system set up. This may result in an overdrawn account or dishonored transaction if there are insufficient funds to cover the bill.
- The creditor charging you a late payment fee if the bill is not paid on time.
- The bill being referred to a debt collection agency.
Each scenario incurs fees and charges from your financial institution, the creditor or the debt collection agency. Instant pay day loans can provide you with immediate access to the money you need to meet these expenses on time and not only save you money in additional charges but can help protect your credit rating.
Another option for those who have access to credit cards is to charge bills to their credit cards when they don’t have the cash to meet these payments upfront. While this is a sensible option for those people who pay their credit card bill in full each month and before the interest free period ends, the reality is that for many people when finances are tight, they only usually pay the minimum amount each month on their credit card balance. What this essentially means is that these bills can end up costing you twice as much in interest and take forever to pay back. An instant pay day loan can be obtained almost instantly and must be settled through your next paycheck so you can be rest assured you will not have a long term debt hanging over your head.
When you take into account what could happen if you are unable to meet an expense, then it is clear to see how instant pay day loans can help you out. What’s more, an instant pay day loan is so easy and fast to obtain. So quick, in fact, that you could have that money in your bank account within an hour in some cases.
To apply for an instant pay day loan all you need to do is go online to our website and one of our lenders will be able to provide you with a loan, information about their rates and loan terms. Before applying for an instant pay day loan it is a good idea to be sure you will be able to repay the loan as quickly as possible.
It is clear that an instant pay day loan can not only help you meet unplanned expenses but can also help eliminate the costs that you may incur as a result of not having the money upfront to meet those unexpected bills.