Already on ArticleSlash?

Forgot your password? Sign Up

What is the Benefit of Applying For Bad Credit Payday Loans Or Cash Advance Loans?


Visitors: 168
 1 vote

Anyone that spends a few moments researching payday loans on the Internet will be knowing that there are a lot of negatives associated with the no credit check cash advances. However, it is the best to remember that the people behind these articles have an agenda themselves. They do not want you to get these types of bad credit payday cash advance loans, so they will do whatever they can to steer you clear of them. This includes skipping over some of the many benefits of the payday loans as well.

For starters, let's get this out of the way. Yes, bad credit payday cash advance loans charge ridiculously high interest rates. But here is a scenario in which they can be helpful as well, even with the high interest rates: Let us say you have an $80.00 electric bill due to be paid on the coming Tuesday, but you will not get your paycheck until Thursday, you can go borrow $80.00, even if it is attached with a 25% interest rate. This way, you can quickly pay off your electric bill, then return within the week that you borrowed the initial $80.00, pay off the now $100.00 bill and successfully avoid debt.

While this scenario happens before, there are also instances in which debt, even with the payday loan, is inevitable. But in this day and age, the name of the game isn't so much avoiding debt, but only minimizing your debt. Payday lenders want you to go in debt. So if you can avoid going into debt with the electric company (who will shut your power down if too many bills go unpaid) while keeping payday lenders happy by sending them the minimum balance each week, you will just barely make ends meet. Therefore, it is better to scrape by with a little debt than to file for a bankruptcy and start from scratch again. Don't you agree?

To get more information about Payday Loan or any Financial Information , just visit our sites.


Article Source:

Rate this Article: 
Cash Advance No Credit Check Loans Instant Cash Loans Without Checking Your ..
Rated 1.0 / 5
based on 1 vote

Related Articles:

Things You Need to Beware Before Applying For Faxless No Credit Check Payday ..

by: Santhana Chann (June 27, 2008) 
(Finance/PayDay Loans)

Payday Loans and Cash Advance Loans - How These Short Term Loans Work

by: Matt Couch (November 28, 2009) 

Bad Credit Cash Payday Loans - Settle Your Scores In Advance

by: Johnty Flemming (April 13, 2008) 
(Finance/PayDay Loans)

Bad Credit Payday Loans - Credit Checking Free Cash Advance

by: Victor Stephens (December 28, 2007) 

Cash Advance Payday Loan - Loans For Good, Bad, and Zero Credit Scorers

by: Apurva Shree (June 04, 2008) 
(Finance/PayDay Loans)

Same Day Cash Advance Loans Instant Financial Loans For Your Benefit

by: Andreew Dawson (August 02, 2008) 
(Finance/PayDay Loans)

Avoiding Credit Repair Setbacks With Cash Advance Payday Loans Online

by: Jennifer Meinert (August 13, 2008) 
(Finance/PayDay Loans)

Payday Cash Advance Loans Loans For Urgent and Unexpected Expenses

by: Precious Almas (August 13, 2008) 
(Finance/PayDay Loans)

Cheap Loans Until Payday - Using Cash Advance Loans in an Emergency

by: L. Sampson (March 06, 2007) 

Cash Advance No Credit Check Loans Instant Cash Loans Without Checking Your ..

by: Shain Johnson (August 19, 2008)