When to get a cash advance payday loans

Payday loans are considered to be short term loans since they are to be paid back in a week or two. Since the background is not as strenuous as it would be at a bank. The idea behind payday loans is that you can take care of the emergencies that pop up before payday. A cash advance payday loan is a short term loan that you need to payback in a week or two. If the time comes and you cannot pay the loan back, you can ask to extend the loan. If you need longer to pay the loan back, there will be additional fines and fees. It can almost double what you initially borrowed.

When would anyone need a cash advance? So that the bills don’t fall behind. Such positions generally develop when a human lives beyond his means or goes wrong to keep up a family budget. It may be hard to get back on tract but these loans can help.

Is it wise to get this loan? It could be a good thing to get a wedding loan (how it works info) if you are in a tight spot. Make sure you can pay off the loan on the agreed upon date. The following are some examples of when a payday loan is a wise choice:

If you think you will bounce a check, you may want to consider getting a payday loans. The tolls of a bounced check might sum up to more than the price of acquiring a payday loan. Acquire payday loans if not bearing for your prompt demand entails serious long-run aftermaths. In case the late fee for not clearing a defrayal will be higher than the price of the payday loan.

You will want to make sure you will be getting the loan for a good purpose. If you look at the fees of the loan are not as bad as the fees you will face if you don’t get the loan. Paying the bills late should not be an option. The lone major aftermath of this loan or liquid cash is the fee implied, which might happen to be a little quantity but may sum up to a big amount if you acquired it with a long term view.

It’s not judicious to acquire these loans to attain an impulsive buying or to acquire a little pocket money or when it’s not essential to acquire one. If you cannot pay the loan off when it is due, you will face heavy fines and fees. Only take a cash advance if you truly need one. Studies have displayed that the number of folks acquiring these loans or liquid cash and the number of parties proposing these loans are rising.



1. My own homework: made up an Income/Expense schedule for DH’s pay periods based on what I project his take home to be. It’ll be tight, but better than going backward.

2. Landed a child-transport job. It’s not much- $200 a month for about 15 hours of work…and it is all concentrated in the mornings. I’m going to put it in to BEF, then stockpile it towards paying off debt (if I can keep DH from overspending because he thinks it’s “free” money.)

3. re: budgeting.

It is hard, especially if you are not used to it. Some people (not saying you are) make it harder than it needs to be. The friends of ours who just moved out of state used to make it SO MUCH HARDER than necessary. Wife kept insisting that she had to keep ALL the receipts from EVERY expenditure EVERY MONTH for 4 months before she could set a realistic budget. So (here’s a surprise) consequently, she never did one, let alone followed one.

Personally, I prefer the “close enough” method. Which is:

Rent or mortgage
Utilities (take the highest one of each type and use that as your base point)
Credit card minimums (list each one)
Gas for the car
Car Insurance
Anything else that has a recurring monthly (child care, child support, medical, tuition)
Groceries (I used to take everything I spent at a grocery store whether it was for groceries or cash and added that up. If it was astronomical I’d decide what was “reasonable” and use that as a budget point)

I don’t capture every single dime. Over time I do, but starting out the first few months, that just leads to money exhaustion.

Years ago (like 30)

I used to work for a mortgage company in the Los Angeles area. We made second mortgages. Firsts were going for about 13 – 14% and our seconds were 18 – 21% depending on the borrower’s credit rating.
We had one investor (that’s where we got the money to loan) who would save up all his monthly payment checks (borrowers paid us directly and we dispersed to the investors) until he had the appropriate amount for his next investment. My boss would call this guy and tell him he had a good loan for $xx,xxx dollars and this investor would bring in $xx,xxxx in payment checks (from us) to fund the next loan he was funding. Odd business that was. (I think a lot of investors, and my boss, really would rather foreclose because they’d be second in line to purchase the properties, but that’s another matter.) If the checks were over 6 months old, we’d do some fancy bookkeeping and reissue the funds to him so he could buy the loans. (I’m sure glad I wasn’t responsible for those checkbooks. I did the escrow books, general business books, and payroll. Others did the rental property books and the mortgage payments.)
I loved that job because I regularly got deposits in excess of $100,000 and then got to disperse the funds the next day. I loved balancing my books there.

I think sometimes

it’s not necessarily about being lazy or complaining. I think it’s a loss of ‘hope’. There are many out there who truly don’t BELIEVE they will ever be without debt, payday loans or payments and they can’t see a way out.
I’ve seen it several times with people who have attended the FPU Classes I’ve facilitated. They come truly believing there is no way out.

In my experience (7 or 8 classes now) 50% of those who come to class without hope, will leave before the 4th class. The other 50 percent gets it, at least to some degree and sticks it out to the end.

fireangel….who joined the group yesterday. Hi Eldred and Sandi!! And of course anyone else who knows me whom I haven’t ‘seen’ yet. 🙂