Thursday, 5 January 2012

Are Payday Advance Loans The Solution To My Unpaid Bills?

By Ian Smith


The commercial downfall of America has influenced not only those without roles but also those who are employed under fixed incomes.

You may even have a full time job with a good salary but even then, folk regularly find it tough to rendezvous with their day to day expenditures such as home hire (s), auto finances, grocery shopping and lots more other wishes. For this reason, you'll often need to grab ahold of instant cash for which plenty of people use payday loan facilities.

Unexpected car breakdowns or a visit to the doctor about some illness frequently needs folks to get some quick cash.

Especially round the end of the month, when your pay cheque is preparing to be credited to your account, you find yourself taking a look at numerous different bills, each with it's due date right prior to getting your income. Such situations present you with several options.

Lets face facts for a minute here, until the financiers and the people in power in the world stop printing money, everything we buy, including must haves like gas and food is going to go up in price. The media often say inflation is due to wage increases and such other similar things. They are lying! Inflation is the direct consequence of increasing money supply into the global economy. (Wage increases are the result, not the reason for inflation).

There's actually a simple formula for inflation. This is it.... money supply = inflation

So if you want to change the undeniable fact that everything goes up in value (which is crippling ordinary people and families all over the world) then the whole world (powers that are in control) need to stop printing and making extra money!

If you're striving to pay the bills (like the majority) then you have 3 options when you get paid this month

1. Pay the bills late after payday

You will need to pay the bills together with late charges and in the case of telephone and cellphone bills, you could be looking at one or two days of services cut off because of non payment.

2. Bank overdraft

Going for an overdraft arrangement on your deposit account might also appear like a feasible solution to your problems but in this situation, you won't only be coping with overdraft fees charged by the bank, but also lots of other charges that might be charged by the banks.

3. Payday advance loans

As mentioned before, the payday loan option is perhaps the very best of them all. In this example, you are left with just a easy one time charge and you can pay off your bills. All you need to do is clear the nominal loan amount using your pay check, when you receive it.

Be responsible with your decisions. If you do make a decision to go for a loan then it is always crucial to adhere to whatever plans you are making in order to avoid additional expenditures because of late fees and other charges.

Most importantly: if you're considering getting a loan then try and get one from a friend or family first. If that fails approach a credit union, if that fails approach your bank (for low interest overdrafts or low interest products) if that fails approach your pawn shop or sell some stuff on ebay, if that fails approach your credit card company for an increase in your borrowing limit. If that fails, finally consider a payday loan company.

Basically you want to try the cheapest options first because payday loans if extended are the most expensive.




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