Why a payday loan is better than a credit card!
September 22, 2011
Too often you encounter people who are absolutely crazy for their credit cards because they are in the misconception that credit cards are the solution to every financial situation. However what if a payday loan was the better option you have been looking for all along?A payday loan could potentially save you a lot of stress and money in the long run!
If your credit card already causes you a lot of trouble and hassle with constant bills and outstanding credit repayments required, it may be time for you to consider a pay day personal loan. Payday loans help millions of individuals all over the nation pay for everyday expenses with ease and convenience.
Based on how much your income is, you can borrow anywhere from $100 to $1000. The most attractive part about payday loans is, they are easier to pay, significantly easier than your regular credit card statement!
With credit cards, often people believe the more they spend, the more they receive in return through the rewards programs. However this is not the case. In reality, all the money you spend to purchase everyday goods and services is not quite returned to you through rewards, as you are in fact the one who is funding the rewards program in the first place. High interest rates on no annual fee credit cards and specific annual fees on regular credit cards generate revenue by which lenders and banks use to fund the rewards program they sell back to you as an incentive to use their credit cards and services. So if you think about it, the value and money worth involved in a credit card is lost as you are caught out paying for almost every expense- yours and the banks.
On the flip side of the coin however, a personal loan does not cut unnecessary expenses out of your pocket. You can apply for an amount which is suitable for you and you repay that amount once your payday has arrived, with the accrued interest which in most cases is minimal. Furthermore, payday loans are so simple to apply for. Itâ€™s as easy as hopping online, getting on the phone or sitting in your car and driving down to your lender!
Applications are done within minutes and approval guaranteed in a minimum of 24 hours which means you have cash in your hand faster!
Now how can you complain with such features? However if that still doesnâ€™t convince you, then perhaps this will!
Payday personal loans are available to almost anyone! If you are over 18, have a job and a bank account- you are eligible!
Applying for a credit card can be a lot more tedious and time consuming with the added worry of stress and meeting repayments and credit card bills. But with a payday personal loan you are guaranteed the money minus the hassle!