If you are in need of some money fast for an emergency situation, a payday advance may be the perfect solution for you. Cash advances have pretty bad reputation but I’m writing this blog to avert that assumption. I was one of those people who had always thought of cash advances negatively until the point where I actually had the experience of taking one out for myself. I never thought I would have to, but the day came and now I’m sharing my experience with you.
A few years ago, I was a decent financial position; I had just graduated from school and got a good job. My first and main focus was on paying off my school loans, and building up my credit (that I had destroyed). I was putting a big chunk of my paycheck on that in hopes that I could get rid of it fast. I figured I would start saving money later only once all my debt was cleared. Well, I thought I was being all responsible until I got a wakeup call. I was driving to work one morning and my car completely stalled out on me, nothing I tried changed a thing, so I had to call a tow truck to come and get me. I was so upset; I had to my new boss and tell her that I would be late for work after just having started a few weeks before. I had the tow truck bring me to a garage to do an estimate on repairs and then called a cab to drive me to work. Later that day the guy from the garage called me to tell me that he had to get some parts ordered in for the repairs to my car and that the total would be $750!!! OK, wait a minute here, I had no idea to know whether this guy was ripping me off or not, but did I really have a choice at this point?
I had no money of course, no one to borrow from, so I started to do some research on online for cash advances. There was no way I would ask my boss for a cash advance after only two weeks or work, and especially after the whole being late fiasco. My only option was borrowing online. I actually thought it was pretty easy and convenient. I needed the money to arrive at least before the car repairs would be done, and since these loans only take about 24 hours to process from beginning to end it was perfect. After I did the online application, I was approved within half an hour to receive $800 and was thanking the Gods because I don’t know what I would have done if I didn’t get approved. I got the money the next day and paid for the car repairs.
I managed to pay the entire loan off with my next two paychecks; I made smaller payments on my student loan and put the bulk of my money to pay off the loan. I know now that although paying my student loans is a priority, I should be saving a little on the side too in order to avoid having taken out the loan. Oh well, lesson learned. The payday loan experience really wasn’t as bad as I thought it would be, it was really easy and hassle free and saved my butt when I needed it.