Payday Loan Repayment Options: From Two Weeks To 90 Days

It happens to everybody sometime in their life: a financial disaster is looming and the need instant cash to solve emergency. You don't have to bother listing all the possible reasons because it won't reduce the need for quick cash. As you rack your brain thinking of how you can solve this problem all you can see are the negatives associated with the alternatives. Asking to borrow money from any family member can be painful and embarrassing. Thinking about borrowing money from your local bank usually doesn't work. They only like to give money to people who don't need it and in this economy they are turning down almost everybody (even though they received billions from the government just for such a purpose just for such a purpose!) You already racked up all of your Credit Cards and there is nothing left on them. Somebody mentioned that you could try a cash advance loan but you are thinking they were something like a cheesy neon sign in dark back alleys. (Untrue).

That whole list of alternatives above are correct (almost). It's a pain dealing with family members and money. Banks love to say no to people who need money. The problem with Credit Cards is that they charge outrageous fees for cash advances and the reality is they are never paid off. In almost all cases the one that has the most things going for it is a cash advance loan. The interest rates may seem high but when you consider the fact that this is really unsecured debt and the law and most states limits the amounts, it may just be the best option of all.

But I have to pay this back with my next paycheck?

Most people are concerned about paying it back on time, usually with their next paycheck. They need instant money but they need time to pay it back. If you had 90 days to pay it back, would that solve the problem? Not every payday loan company is willing to do that but because of changes in the industry, more and more companies are offering this as an option. Ask them about it straight up. You never know what their answer is going to be.

Obviously they want to get paid back and if they have to go hunt you down, they aren't going to do it. Remind them that an automatic withdrawal program is offered by their competitor and they will usually change their mind. Now the reality is you probably don't have to do anything because they almost certainly have the capability of setting that up in their software. Now because you're extending a loan from two weeks to 90 days you can be certain that there'll be an additional charge and you will have to weigh whether it is worth the extra expense or not. You need to remember that it will almost certainly assist you in getting the money you need any in making it easy to pay back over an extended period of time. You are saving time, you are reducing hassles, you are dealing with problems and a limiting emergencies. That seems to be a fairly minimal expense, correct?

Here's a short list of advantages: You didn't have to include nosy family members; You saved time and energy (and that awful fear of rejection) by not having to go to an uppity bank; You didn't have to add additional burden to your Credit Cards; and in 24 to 48 hours (sometimes only a few hours) you took control of the situation and reduced a financial emergency. Additionally, you now have the time you need to pay back your loan that won't increase your stress level.

It makes you feel like a winner doesn't it?

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