5 Reasons to Consider Payday Loans in 2019
January 23, 2018 | By Emma Frost
As January draws to an end, many of us are still cleaning up after the holiday madness and may have already abandoned one or two of our New Year’s resolutions.
We start out strong, but our efforts start to wane by February, and it can be hard to recover without the right momentum, especially when unforeseen circumstances arise. It may even have you reaching for a payday loan to make ends meet – but needing help in a financial emergency doesn't have to mean abandoning your efforts. If there's ever a time to reevaluate your goals, it's always now!
So, it's time to ask yourself a few serious questions.
Which goals are you kicking yourself for falling short of? Which ones are holding on strong? And which ones are really worth keeping?
Using Payday Loans to Jumpstart Your New Year
There are the most popular categories: diet and exercise, seizing the day, financial stability.
But these are a lot easier said than done. And even with the right roadmap, it may a-ways to go before your dreams match up with your pay. That's where payday loans, installment loans, and other fast-lending options can seem most appealing.
You shouldn't enter into any financial obligation lightly; there is a lot to consider in the cost-benefit analysis. If you're not sure whether or not payday loans are the right choice for your financial situation, here are the top 5 things to consider:
Protect Your Credit Score
If you're familiar with the expression, "A stitch in time saves nine," then you know that addressing something before it becomes a problem is easier than cleaning up the mess, after all, is said and done.
Having money when you need it can save you a lot of money – and the converse is also painfully true.
Not having money when you need it gets expensive, and fast. It can start with a cascade of overdraft fees and result in missed payments, which can all, in turn, hurt your credit score. And that could mean damaging your ability to borrow in the future.
Your credit score is more than just a number – it's the sum of your credit history up until this point, and an indicator most lenders will use to determine your eligibility and your interest rate. Sites like Credit Karma make checking your credit score a breeze and can even help you improve your score. But when a financial emergency presents itself, it may be better to look into payday loans and handle the fees later rather than let your credit score and your wallet take the brunt of that hit. The money you need at the moment you need it can help you avoid the broke tax and help you through a difficult situation. The right lender could help you navigate murky financial waters.
Don't Miss Out on an Opportunity
When opportunity knocks, you want to be able to answer – especially when it comes to an investment you really believe in. After all, would you rather have 100 opportunities you're not ready for or one opportunity you were? If you've encountered a once-in-a-lifetime chance, wouldn't you want to take it?
Payday loans could mean the difference between having the money to back up those investment dreams can help you be ready when opportunity does come a-knockin', and not making that life-changing investment.
From stocks and bonds to retirement funds, investing is the top financial hack that helps the wealthy stay wealthy. Why not leverage the power of investment to grow your finances today? A payday loan may not be the best option for large sums, but it's worth checking out your short-term lending options, especially if it means the difference between making the investment of a lifetime.
Invest in Yourself
If investing in someone else's business isn't for you, perhaps investing in yourself is. Everyone can invest in themselves, but somewhere along the line, we stop trying to improve ourselves and start focusing on just getting by.
Don't let that happen to you! Investing in yourself is an investment that always pays off. But before looking into payday loans to fund your self-improvement project, you need to think of what your needs are and how they can line up with your long-term goals.
- Mind: A mind is a terrible thing to waste – why not consider focusing on your higher education? Take courses to get the training and certification you need to advance your career.
- Body: It's a well-known fact that you need to take care of your body if you want it to take care of you! Some extra cash can help jumpstart your new physical fitness routine this year.
- Spirit: Self-actualization is one of those things that takes more than just time to achieve. A payday loan could help you get the boost you need to follow your dreams, start your own business, and even start on a new career path, and give you a whole new lease on life.
Get Out of Debt Faster
Are you trying to get your debt under control in 2019?
It's no surprise that so many of us are resolving to improve their debt management this year. But what have you done lately to make it happen?
Debt consolidation doesn't have to be a headache if you do it right. Depending on your needs, you may want to consider multiple lending options and see which one works best for you, especially if you don't owe all that much and want to steer clear of overdraft fees and the broke tax.
Eliminating debts like your credit card debt and student loans can get you started on the path to getting debt-free for good. Get started by focusing on your smallest bill and building up from there. This momentum will help carry your debt-busting efforts that much further, and you'll be paying off your bigger debts fast than you ever would have imagined.
There are even programs for those of us who need a helping hand when it comes to nailing down the details of their debt consolidation game plan. No matter what your budget is, getting debt-free is a great, concrete step toward your financial freedom and security this year! Just be sure that you know exactly what you're getting and giving before signing a loan agreement.
Quit Worrying About Money
Sick of that paycheck-to-paycheck cycle? Wouldn't you love to wake up tomorrow, debt-free and in control of your finances and your future? If your finances are keeping you up at night, this is probably the most important item on the list for you.
When you're struggling to deal with a financial emergency, just know you're not alone; there are millions of Americans dealing with the same pressures and there are options out there to help you make ends meet and meet your money goals, too! The right lender could be closer than you realize, and the answers you need are usually just a click or phone call away.
How Payday Loans and Installment Loans Could Help
Don't let a snag along the way get you off track – turn your financial drawbacks into valuable lessons and use those shortcomings as opportunities to get a better handle on your personal finances. Installment loans and payday loans could mean the difference between worrying about money and really feeling in control again.Make sure that you're dealing with a reputable lender so you don't dig the hole deeper!
Alongside a solid debt management program, having the money you need when you need it can put you back in the driver's seat of your finances.
Need cash fast, but still not sure where to turn? Just fill out our simple online form today to learn more about how payday loans and installment loans could help fill the gaps, and make 2019 the Year of You!