An online payday loan provides you with cash in advance before payday’. They have become very popular throughout the US and Canada especially as people struggle to make their wages last until the end of the month. As we all know there are just some things we cannot be without on a daily basis so an online payday loan is pretty handy. Here are the top ten things a payday advance goes towards.
1) Food
Probably the most important thing, and I am not talking about cash for those daily trips to McDonald’s or the local steak house but plain basic food you get from the supermarket. We cannot function without food or drink. These two are the most essential items and it is very important that our fridge is stocked up. As food prices rise it is sometimes difficult to budget your monthly income to cover all your food expenses, so a payday loan helps you put food on the table again and keep everyone happy.
2) Mortgage or rent
You still need to pay your monthly mortgage bill or face being behind with payments which may in the long run lead to your house being repossessed. If you are renting your leaser will not be very pleased when he comes to collect the money and you have nothing for him. Such things can lead to the lease being terminated and leaving you without anywhere to live.
3) Petrol or gas
If you car has no fuel then you will not be able to go to work or do your shopping. Not getting to work could have serious consequences, i.e. sacking.
4) Electricity or energy
You need to pay you electricity and energy bills or you could be cut off, and that means no lights, heat or cooker.
5) Relaxation
After a stressful time at work you need something to help you unwind, whether it be a local spa treatment or a nice meal in a restaurant; we all need treats once and a while to remind us why we actually exist.
6) Kids activities
Kids always seem to have expensive hobbies nowadays, whether it is guitar lessons, ballet or swimming you are sure to have to fork out at least $10 a week. Try telling your kids that they will have to give up their hobbies as times are tough, they would never forgive you. It is much easier to get an online payday loan to keep everyone happy.
7) Visitors
If you have a large family you never know when your relatives may drop by. You always need to prepare a large spread of food to suit everyone.
8) Car payments
Your car may be your only way to get from A to B and therefore it is essential you have the money to fill up your fuel tank.
9) Phone bill
A phone may not be essential but for some people who live in remote areas it is the only way they can keep in touch.
10) Open 24 hours a day and no need for credit check
The good thing about online payback loans is the fact that you can apply 24 hours a day, so if you are working all day you can do it in the evening without having to make an appointment at your bank. They give you an almost immediate response without having to wait for credit checks.
Payday loans are a life-saver to many people and help them cope with unexpected financial turmoil; however it is important to remember that you still need to pay the loan back at some stage.