Arizona Smart Cash

Payday Loans

If you are facing a tough time financially, then you may be wondering if short-term loans are the right choice for you. No one can make this determination except you, but there are some things you should consider when making the decision. Here are some questions to ask before deciding on a payday loan.

• How fast do you need the money?

Payday advances can be in your checking account within 24 hours, so they are one of the fastest options available.

• Do you have another means of getting the money?

You hate borrowing from family, and borrowing money ruins friendships. If you don’t have credit cards with open lines of credit, then a short-term loan could be the best option for you.

• Will you be able to repay the loan when you are paid again?

If you cannot repay the loan, then you should try to find another way to avoid greater financial hardships.

• What is the alternative financially?

If you are facing a late payment on the rent, then the alternative is excessive late fees, eviction fees, the cost of relocating and the hardship of coming up with a deposit for a new place. Perhaps you need to pay a legal fine and the alternative is jail time. If the car is broken and it’s your only way of getting to work, then you are facing the incredible hardship of unemployment when you lose your job.

These are a few scenarios where a cash advance loan is absolutely the right choice. If you have concerns about repaying it on your next payday, then talk to us about extended repayment options and title loans.