subject: Payday Loans Or Credit Cards: Which Is Better? [print this page] There is considerable debate about which is better: payday loans or credit cards. Two of the popular choices within your grasp if you have a steady income flow are to use credit card to withdraw cash or get a payday loan to help you with your financial urgency. But of late, payday loans have become more popular and better than credit cards. There are many reasons due to which this is 24 hour loan has become quite popular among the working class and the salaried professionals. One of the reasons for payday loans to become so popular is because credit is not lent to people who have bad credit, but for payday loans, only income are a deciding factor. Bad credit is not a problem for payday loans Instead of using credit card to withdraw cash, take a payday loans: If you take a payday loan of say $150, you will be able to pay the money in a month(the money can be deducted from your checking account). You may have to pay a flat fee of USD 15 but that is cool. If you were to take credit card advance, you would be tempted to pay the minimum due and then the 'small balance' would revolve month after month, till it balloons into a much bigger account Debt management is much better in payday loans. Take the money, use it and pay it off. But in credit card debt, you are stuck forever in a rut. The fact that you pay little and escape is a temptation which many succumb to, only to dig their financial grave
