1. What are alternatives to payday loans?
2. How can I keep from needing emergency money?
3. Why shouldn't I use cashloansource.com?
4. What determines the loan limits?
5. How can I pay off debt with a payday loan?
6. How will cashloansource.com protect me from fraud?
7. How can a cash advance help me if I'm bankrupt?
8. How does Cashloansource.com protect me?
1. What are alternatives to payday loans? Back to Top
When you need money in a pinch, there are several alternatives. But are they necessarily right for your situation and needs? Here are a few alternatives and why pay day loans through CashLoanSource.com may be a more attractive option.
Payment extension. Sure, you could try to talk creditors into giving you extended time to repay your bills. Utility companies may give you a few extra days, but not much. When it comes to credit card companies, mortgages, and landlords, rarely will you receive a grace period to catch up. If you do, it will come with a heavy fee, perhaps larger than one you would have to consider with a payday loan. If you’re in need of emergency rent money or cash to pay off bills that are due immediately, payday loans may be the best answer.
Borrow from the family. One great thing about family is that they are there to support you in life. Sometimes, family members can help each other out of a tight spot with a loan. But what if you are in a situation that is too embarrassing? What if you don’t want your family to worry, or perhaps you don’t want to owe a family member? Borrowing from the family can be emotionally stressful or difficult to deal with.
2. How can I keep from needing emergency money? Back to Top
The main reason most people feel the need to get a personal loan or cash advance is to cover an emergency. If you’re earning enough and have everything covered, you probably wouldn’t think of bothering with a cash advance. However, if you find yourself without any money tucked away for the occasional emergency, fast payday loans may be the only option.
Here are two ways that you can plan ahead for emergencies and reduce your need for payday loans.
Re-evaluate your expenses. Do you really need five tiers of cable service with 800 channels that you hardly watch? Do you throw away money on those extra lattes every morning? Grab a jar out of the cabinet and start throwing loose change in it. Stop buying those lattes and cut those cable channels. Take the excess money and put it in the jar. Once a month, empty your jar and toss that money into a savings account. Don’t touch it. You’ll be surprised how little amounts over time add up!
Credit cards . Even if you’re not in the best credit shape, or if you just hate credit cards in general, it’s still a good idea to have one on hand just in case. It may not cover everything, but it can help. Look for a card with a reasonable limit so you are not tempted to use it for frivolous purchases. Tuck it away and leave it for an emergency only.
3. Why shouldn't I use cashloansource.com? Back to Top
With all the benefits of using CashLoanSource.com for your payday loan, you would have to be sleepwalking not to use it! Here are some reasons you shouldn’t use us it as your reliable source for payday loans:
You like to make things hard. CashLoanSource.com is easy to use. If you like making things harder than they have to be, this isn’t the place for you. Waste your gas and go to a physical payday lender rather than get your loan from your home. You won’t get the money as fast, but hey, you like it that way.
You don’t need privacy. You don’t mind if your girlfriend sees you running into the local payday lender because you blew all your money on beer and need money for an emergency (read: your light bill). You won’t mind when she runs in the other direction, leaving you with cash in hand and no girlfriend! Getting your loan through CashLoanSource.com would have kept her none the wiser…
You like things that take a long time. If there’s a long line, you’ll jump in it just for fun. Likewise, you like waiting for approval on your faxed documents for your payday loan application. CashLoanSource.com is too quick for you! Who needs a loan within a day?
4. What determines the loan limits? Back to Top
When seeking out a payday loan to get money for an emergency or to help pay bills, there are a few things that you should keep in mind regarding the actual amount you may be able to receive. While legislation has attempted to place limits on payday loans, you’ll find that there is no universal limit, and the decision is left up to each individual state. Where you live can be one determining factor.
Another factor is how much you earn. Lenders can set limits on how much you borrow based on your earnings so that there is a reasonable chance you will repay them. They may start you at a smaller amount and then raise the limit over time as you become a repeat customer.
Finally, the main factor determining your borrowing limit is your very own common sense. True, you might need to pay off bills and may be short on emergency cash, but always use your own common sense. If you’re going to borrow, borrow only what you need and what you can pay back! Never overextend yourself by borrowing more than you can pay back in the short term (i.e. next paycheck).
5. How can I pay off debt with a payday loan? Back to Top
Would you believe that you could use a fast payday loan to manage your bills monthly? Have you ever found yourself in a position where you thought all the bills were paid but one slipped through and you were hit with a late fee? Perhaps you can pay only 2 out of 3 bills, and need help with the third? Do you let it go, possibly garnering late fees and eventual negative credit information added to your credit report, or is there another option? The option is a loan until payday.
Consider your payday loan a consolidation loan. Instead of bills being staggered throughout the month, you can pay them all at one time with a bad credit personal loan or quick cash loan. Plus, by organizing your bills into one monthly payment instance, you can be confident that every bill has been paid and that you’ll never encounter late fees or troubles.
You can also use a payday loan to pay down credit card debt. However, take a look at your credit card and the interest involved. If they charge you a high interest rate for unpaid portions or large late fees, you may want to try and pay it off with a cash loan or payday advance. Why? The fees on a payday loan may actually come out cheaper. Plus, you can quickly pay down the card and clear your credit report history.
6. How will cashloansource.com protect me from fraud? Back to Top
While you may have several answers as to why you need a payday loan, you may not know where to start if it’s your first cash advance. Here are several reasons why CashLoanSource.com is a better alternative to shopping around on your own for a payday cash or fast payday loan.
Predatory lenders . There are many companies out there that charge much higher fees than normal and prey on those in need of short term cash loans. Before you know it, you could be in a bad debt cycle that’s hard to dig out and these types of companies don’t make it easy. CashLoanSource.com partners with reputable lenders that will offer reasonable rates that are not above the accepted levels nationwide.
Fraud. There are some companies out there that will take your money up front, scamming you and leaving you still in need of emergency cash (even more now that they’ve cashed a check for money you didn’t have in your account). Our lenders are always checked to make sure they are legal entities that offer legitimate services.
Competitive lenders. By submitting your information through CashLoanSource.com, lenders compete for your business. You do not have to waste time shopping around trying to find the best deal. We bring them to you.
7. How can a cash advance help me if I'm bankrupt? Back to Top
Everyone has an emergency or needs money for an emergency every so often. Sometimes, it’s just a matter of you having to pay off bills last minute or a snag occurs that delays your paycheck. That’s life. One of the most beneficial ways payday loans can help you is to provide a feasible option after bankruptcy.
If you’ve had to file bankruptcy in your life, you know your credit situation. And, most likely you’ve been advised that you will have to take time and rebuild your credit history. If your income will not help you stay ahead on your bills, a cash advance or personal cash loan is the answer.
Use payday loans to stay ahead of your bills, pay them off and keep them current. Besides, if you let a bill go 30 days or longer, it will stay on your credit report for three years, hurting your efforts to rebuild your credit. Plus, late fees could be more than the finance charge on a payday loan. Yes, you may be in bankruptcy and have a long road ahead of you, but look at the options. As long as you stay on top of a cash advance and pay it off quickly, why not use it?
8. How does Cashloansource.com protect me? Back to Top
When using online sources for cash advances and payday loans, you need to be careful. In this world of modern technology, there are ways to steal your identity or other financial information without you even knowing it! Here are three ways that using CashLoanSource.com can help protect you when applying online for a cash loan.
Secure website. Most online fast payday loan companies will take your personal information directly through an online loan application. While this is helpful in expediting a loan, you should also know that if the website is not secure, your personal and financial information is vulnerable to retrieval by anyone wishing to steal your identity. Always check for a secure server submission. Look in your address bar of your browser. Secured site addresses always begin with “https.”
Fair Charges & Rates. At CashLoanSource.com, we know that there are some predatory businesses out there offering convenient cash loans with high charges and hidden fees. We help you find the best lender that’s right for you by submitting your information and sending qualified lenders your way. It’s that easy!
The right loan. Finally, CashLoanSource.com and partner lenders will not shove the wrong loan down your throat. There are payday loan companies out there that will try to coerce you into taking higher loans with higher fees even though you don’t need them. On our application form, we ask YOU how much YOU want, then deliver.
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