Wednesday, August 24, 2011

Payday Loans: Viable Solutions To Unanticipated Expenditures

By Kevin Nani Rowe


I often hear about cash advance loans online from my colleagues at the office, but I was skeptical back then. For one thing, my credit history is not exactly praiseworthy. It was only a few months ago that all my preconceived notions these short term cash loans were disproven when I tried it myself.

One time, I drove for 5 hours to a neighboring town to attend my friend's beach wedding and to spend the rest of the week there with my buddies. My car acted funny en route, so I dropped it off at a local repair shop. I already presumed en route that my sparkplug was misfiring and apparently I was right, and it was such in a bad shape that it needed replacement. Sparkplugs cost around $300, and I knew that I needed to have my car fixed right there and then to prevent it from affecting the catalytic converter, which is definitely much more expensive to replace.

Unfortunately, the money I had that time was enough for the vacation and for my daily allowance until next payday, so I decided to get a short term cash loan. I searched for cash advance loans online and was amazed at how many lenders operated on the Web. Naturally, I was particularly interested with the payday loans with no credit check. I followed the link and read through its FAQs and consumer opinions.

I rang one of my colleagues to ask about which lender he borrowed from online, and as luck would have it, he recommended the same site I had been browsing. I completed the personal and employment details on the encrypted application form. Payday loans with no credit check expectedly have higher interest, so I just I borrowed $300, just enough to cover the repairs. I clicked submit, and in 10 minutes I got a call from a representative who verified my details and discussed the loan terms with me. I was also instructed to sign, scan, and send a document which detailed the said terms through email.

I then got an email to expect the deposit to be made in a few hours. When I got the money that same day, all my preconceived notions of payday loans were replaced by a feeling of relief and gratitude. I got my problem-free car the next morning and had a great time with my buddies.




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