5 Reasons People Take out Payday Loans

Are you considering a payday loan but you’re unsure if it’s right for you? You’ll be happy to know that payday advances aren’t for reckless spenders or people living payday to payday.

In fact, responsible short-term borrowing can help all sorts of people achieve financial freedom. Whether you're a working parent, a young professional or someone in between, here are some reasons why fast payday loans might be right for you.

 

1. Fast Money and Fast Repayments

Payday loans are fast and flexible, which is important for anyone who wants hassle-free access to money. In fact, in as little as three hours, a brand new customer can be approved for their first cash loan of up to $1000. After you’re on the system, you can be approved for payday advances in just 15 minutes.

Speed is also a factor when it comes to paying off your loans when more interest is accruing every day. Long-term loans often trap you with high-interest payments that you’ll be chipping away at for years. Payday loans are much more flexible and are generally paid off in a matter of weeks. This means less interest, less money spent and less stress!

 

2. Your Assets Are Safe

When you take out a long-term loan, lenders often use your assets (like your car) as security to guarantee the loan.  These are called "secured loans", and give the lender the power to repossess your assets should you become unable to make your loan payments!

Fast cash loans like payday advances are generally unsecured. This means you don’t have to put your possessions on the line to secure your loan. This is just part of the added convenience that comes with micro-lending. You can also enjoy reduced paperwork, flexible terms and other benefits that make your life easier.

 

3. Spending Money for a Short Holiday

Have you planned and paid for a holiday but still need some spending money to make it extra special? You can get fast access to money through a payday loan while you wait for your holiday pay to come through. Sip cocktails on the beach today and pay off your loan tomorrow!

 

4. A Solution for Medical Emergencies

Medical emergencies won’t wait for payday, so your treatment shouldn’t have to wait either. Pay off your medical bills faster with a payday advance from a reputable lender. Simply apply for a loan and have the money transferred into your account overnight or even on the same day (lender conditions may apply).

 

5. Helping Out With School Costs

The start of the school year is usually accompanied by the need to pay for school uniforms, stationery and school camps.  This is an extra cost that young families have to deal with, and can be particularly difficult if you have several kids at school.  Most households run a tight budget, and there is often nothing left after pay day for these one-off costs.

The solution may be to get a short term payday loan.  These loans are usually for a few hundred dollars (just enough to cover your school costs), and are repaid over a period of several weeks in affordable instalments.

 

Payday Cash Loans from Chequers Finance

At Chequers Finance, we support families and individuals all around New Zealand, with offices in Otahuhu, Papakura, Henderson and Hamilton. You can apply for a fast payday loan in branch, online, or by giving us a call. Call our free number on 0800 243 783 or contact your nearest branch today.

 

 

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