Payday Loans are Not Based on Credit

Money is tight for thousands of people these days. Many people are losing jobs and taking reductions in salaries and hours worked. Because of this, thousands of people are also finding themselves in financial emergencies that seem to offer no way out. Banks take months to approve some loans, and if you do not have great credit, you are likely to be denied for a loan. Banks also have minimum loan amounts far higher than many people need. For people in this situation, payday loans are an excellent solution.
Payday loans are not based on your credit rating. Anyone with a bank account that has been open long enough and who has steady employment and a high enough income can apply for and receive these loans. People who are paid by the government, such as the military and those on social security also qualify for the loans.
Payday loans are designed to help people borrow a small amount of money to meet an urgent financial need. This can be to purchase food, medicine, or other necessities or even to pay a bill that can result in loss of services or property. The lenders will not ask you your reasons for taking out the loan, but because of the associated fees, the loans are not recommended for everyday shopping.
Payday loans charge a one time fee for the loan. This fee is automatically debited from your bank account when the principle of the loan is debited. This single payment is all that you will ever pay on the loan, and it is considered a cash advance. The benefit of these loans, however, is that they are reported to major credit bureaus as a loan that has been repaid, and there is no mention that they are payday loans or bad credit loans.
Many people are helped by payday loans every day. The loans offer a financial solution to all people who meet the basic criteria, no matter what their credit score. This means that anyone in a financial crisis can apply for a payday loan to find a solution. Payday loans are an excellent option for many people in an emergency, regardless of whether you are on social security or are working two jobs. If you find yourself in a financial crisis that could have a significant negative impact on your life, a payday loan may be the best way for you to minimize the impact the crisis has on your life.

Let the Money from a Payday Loan Pay for a Forgotten Birthday Present

People are subject to massive amounts of stress from simply living their everyday, normal lives. Pressure from work especially can cause people to forget things that they otherwise would have remembered. A birthday is a prime example. Forgetting the birthday of a friend or family member is something that the society frowns on. The person who forgets is made to feel as though they are a bad person since they didn't remember the special day of someone for whom they care. The truth is you probably forgot because of the pressures of work.

If you find yourself only a few days away from the birthday of someone you love and you are still without a gift, you might think that you can just run to the store and pick something up. However, when you look at your bank account, you realize that you won't have the money for the gift until Friday, your next payday. What are you to do? Well, you could send the person an IOU on the gift, but that is just about as good as ignoring them. You could put the gift on a credit card, but you don't want to have it sitting on there and gathering interest. Instead, you can take out a payday loan to pay for the present.

The great thing about payday loans is that they are so quick when it comes to approval time. Generally, you can get the money you need in a day or two, which should be plenty of time to head to the store and pick up the present for that special person. Remember that you only want to take out enough money on the loan for the gift and card, as this will affect your interest. When you take out the loan, you will know how much interest you have to pay in advance.

After you take care of the birthday emergency with your payday loan, you will feel relieved. If you are the type of person who constantly forgets birthdays, you should set reminders on your computer or in your planner. Train yourself to look a week or two ahead in the planner on a regular basis and you won't find yourself in the same situation again. However, if you do it is good to know that you can rely on a payday loan to help.