9 Common Reasons People Choose a Pay Day Loan
Many of us face financial difficulties at some stage in our lives. This means that we need support from time to time.
Pay Day loans offer an ideal solution to those who are experiencing short-term money concerns and do who do not want to take out lengthy loans.
If you are unsure whether a wage day advance loan is a good option to solve your financial woes, below are 10 common reasons people take out this type of loan:
If you generally manage to pay all of your bills month to month but are hit with an unexpected bill or a debt that you were unaware of, a pay day advance loan can support you until you get back on your feet.
If you have sudden medical or funeral expense to pay for, you may not have enough cash in the bank to cover the bills.
Whether it be supporting your daughter to pay a university bill or helping your mum with nursing fees, a wage day advance may be something that you can turn to.
Meeting mortgage repayments
The thought of missing a mortgage payment can be very scary, which is why people turn to companies like Loan Moneytree for help to meet repayments.
If your bank is on your back to clear your overdraft or you are in danger of exceeding your overdraft limit, a pay day advance can keep you on track and can stop you incurring further bank charges.
A family holiday may seem like a luxury when you are short on cash, but letting your children down can be very difficult. You can now enjoy a guilt free family holiday knowing that you can rely on a pay day advance loan.
If you have been made redundant and are struggling to cover bills while you look for another job, a wage day advance loan can offer a short-term solution to your problem.
While the NHS will cover most medical ailments, there may be a time when you need to cover expenses, dental bills for example, with a wage day advance.
If you are somebody who does not usually have to ask for financial support, you may feel too embarrassed to ask for help. Rather than ask family or friends to help them out of a sticky situation, people are turning to wage day advances for help.
Many people turn to pay day advance companies as they have a poor credit history and cannot get credit through traditional means.
Loan Moneytree understand that people may not always have the best credit score and we work with over 40 lenders, some of who take bad credit into account when granting loan applications.
Loan Moneytree offers an easy online application process that you can access today.
If you have any questions we would be delighted to chat with you.