What the Banks Don’t Want You to Know: There Are Smart Reasons to Use Payday Loans
Learn the smart ways to use our Payday Loans[/caption]Did you know that 12 million Americans every year use payday loans? And that they borrow more than $7 billion through these loans? The next time you see a news story about so-called predatory payday lending or that these loans are only for the truly desperate, remember that a lot of people rely on them. So what is it that the experts in finance don’t want you to know about payday loans? Here are just a few reasons 12 million Americans know better than the experts telling them to avoid the terrible pitfalls of payday lending.Payday Loans Are Small, So You Can Avoid Big Debt
The average size of a payday loan is just $375. Banks will not hand out loans that small. What they will do is put you in the position of having way more debt than you need and with a lot more interest to pay. What typical payday loan users know is that they can get just the little bit of cash they need and no more. They aren’t tied into a big, expensive loan that will put them into big debt. Sure, there are probably times when you need a bigger loan, but when you just need to get the bills paid this week, payday loans make a lot more sense than big bank loans.
Cash is Super Fast with Payday Loans
Here’s another thing the banks don’t want you to know: getting cash in your hands from a loan doesn’t have to take weeks, or even days. With payday loans you can get cash much faster than that, sometimes as quickly as the next morning and usually in 24 hours or less. Smart borrowers know that when you need just a couple hundred dollars, but you need it quickly, payday loans are the way to go. You can use the quick cash to make sure your bills get paid on time, for example, and avoid the costly late fees you would otherwise have to pay.
Payday Loans Are the Ultimate in Hassle-Free Borrowing
No one says they’re going to the bank with a genuine smile and a skip in their step. It’s a chore because it takes time, and it involves a lot of paperwork and often a lot of confusing back-and-forth with your banker. Borrowing the money you need doesn’t have to be a hassle, and in fact, doesn’t even have to mean leaving the house. With payday loans you can now get them online, and you can actually apply with a mobile app. This means you can take borrowing wherever you go: at work, on your commute, or right at home.
Payday Loans Cover Normal Expenses, Right When You Need It
It’s a common misconception that payday loans are used by people who are desperate, who are in tough, emergency situations, or who have nowhere else to turn. The truth is that the majority of borrowers use these loans just to pay the normal, weekly bills and expenses. They know they have other options, but they choose to get the cash they need through payday loans. These loans are the perfect solution to many financial problems, especially the typical, day-to-day bills that need to be paid.
Payday Loans Are Always There in an Emergency Too
Most borrowers use their payday loans for regular expenses, but that is not a limitation. You can use payday loans for any need you have, and that includes emergency expenses. In fact, there are few other ways to get cash in about 24 hours, which is a pretty important factor in choosing how to get funding in an emergency situation. Imagine your furnace breaks in the middle of winter or your car breaks down and you can’t get to work until you pay the repair bill. Imagine the expense of going to the emergency room with a sick kid. When you have these unexpected costs, you don’t always have the savings to cover them, but you do have payday loans and you can always turn to them.
These Are Not Rigid, Inflexible Loans
Banks might sell their lending services by saying that they give borrowers options, as if other lenders don’t have options. Payday loans are not one-size-fits-all loans. These are loans that come with different options so that borrowers get all the benefits of payday loans, like quick cash and affordability, but also the exact type of loan they need. You can choose from a standard payday loan, a line of credit loan, and even an installment loan, which differs from the others in giving you the chance to repay the loan in smaller increments.
GreenLeafLending.com is a reliable source of payday loans that you can actually get online. Our lenders offer what the banks can’t: fast, easy, and small loans to meet every need the average borrower has. When you need cash, don’t listen to what the so-called experts say about what you should or shouldn’t do. Instead, take a look at the facts, and find out why so many millions of Americans turn to payday loans.
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