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Is a Payday Loan For Me?

Is a Payday Loan For Me?

You don’t have much money left in your bank account until your next pay (which may be a few days away), when surprise surprise, you receive a bill that you have not expected to be so large, or your car breaks down.

What do you do if you don’t have any savings to fall back on? You can try borrowing off friends or family, asking your boss to pay you in advance, or taking advantage of credit available through credit cards. However, if none of the above options are available, or if you want to borrow in confidence, you may consider applying for an online short-term cash loan, widely known as a payday loan.

When used responsibly to tide one over until next payday, such loans can be a convenient and simple way of borrowing a few hundred dollars for a few days or weeks, and paying back on the next pay date or dates. Examples of responsible use of our services could be paying an unexpectedly high power bill or getting your car fixed, so you can drive to work.

Short-term cash facilities like Payday Advance should not be used for financing inessential expenditure or servicing long-term debt: for example, buying the latest gadget, paying for a night out or paying off another payday loan.

Our service can be useful when you need a small amount of money for a short period of time and as soon as possible, and if you don’t want to borrow a larger sum long-term from more traditional financial institutions, such as banks. In saying that, you should act as a responsible borrower when applying for payday loans, and make sure you only borrow exactly the amount of money you require to tide yourself over until the next paycheck comes in.

If you have previously had troubles with your credit score, you may still be eligible for a nz payday loan, unless you are bankrupt – which may not be possible with banks, as they prefer people with good credit history.

Have a look around our website, so you can make a more informed decision on whether a payday loan would be a good short-term solution for your particular situation, and if you have any questions in regard to our services, please do not hesitate to contact Payday Advance.

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Disclaimer: The above information is general in nature and not intended to be advice. You should consider seeking professional advice before following any suggestions in this blog/website.