Payday Loans: Where To Turn When Your Credit Card Is Declined
Weve all been there before
Weve all been there before. We head to the store to purchase clothes, groceries or simply a few household items, and we get the dreaded news from the clerk when they say Your credit card has been declined. Ouch!
For many of us, these unlucky words have become an all-too-common occurrence, as credit card companies continue to slash our credit limits and deny us credit. Because of the current economic climate, obtaining credit can be downright challenging, and hanging onto our current credit can be just as tricky!
Where do you turn when you can no longer rely on your credit card and your paycheck didnt take you as far as you had hoped this week?
The Reemergence of Payday Loans
For many individuals, the concept of payday loans has not even been considered before now. However, with the advent of todays poor economic climate, many Americans are now turning to payday loans and have discovered that they are often a smart financial tool for making ends meet and taking care of financial emergencies.
Saying Good-Bye to Credit Cards
In addition, many Americans have decided to abandon their credit cards because of all the nonsense associated with them over the past year. Many credit card companies, in response to the recession and the subsequent federal regulations, have begun coming down hard on consumers by lowering credit limits and canceling credit card privileges.
In addition, many credit card companies have managed to find loopholes with the new credit card legislation, thereby tricking consumers, once again, into paying more in finance charges and fees. It is because of this that many individuals have simply decided that it is best to avoid credit cards altogether.
This, of course, brings us back to the question: what do you do when you are short on cash for emergency expenses and you dont have a credit card to turn to?
Payday Loans to the Rescue
Let payday loans come to your rescue by affording you the quick cash you need without the hassle of dealing with credit cards, credit checks and bank overdraft charges.
Payday loans are ideal for most consumers, as they require no credit check. Instead, they are based upon your next paycheck; therefore, if you have a steady paycheck and earn at least $800 to $1,000 a month, you will likely be eligible to receive payday loans.
The application process is quite simple, as most payday lenders are located online. Easy, online applications take only minutes to complete, and the money you need can be in your bank account in as little as a few hours!
Dont let the credit card fiasco get in the way of taking care of your financial obligations. Consider applying for a payday loan so that you can handle your monthly expenses or cover your emergency expenses.
Payday loans are short-term loans, and they are typically only taken out for a few weeks. This allows you to receive quick cash and pay off your loan in a short period of time, thereby avoiding the credit card trap.
by: Janet Gaither
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