Caught in a Bind? A Payday Loan Could Help
September 16, 2020 | Emma Frost
When it comes to handling financial emergencies, few people in the country are actually prepared to handle them. With an overwhelming number of people living each month paycheck-to-paycheck, these already tight budgets aren’t equipped to handle financially detrimental situations which, unfortunately, happen often. Between the cost of medical expenses in this country, the high probability that we’ll be involved in some sort of accident as we go about our daily lives, and the general element of not knowing when something will occur, many of us are left scrambling when we find ourselves face to face with these situations.
While panicking may come naturally in these circumstances (because let’s face it, financial emergencies are scary!) there are options, such as payday loans, available to you that will grant you access to emergency cash when you need it most. Not only are payday loans easy to apply for and easy to obtain, but they can be easily found throughout Kentucky. If you find yourself conducting a search for payday loans online, you’ve come to the right place. Let’s first cover some of the common reasons for seeking out emergency money.
Different and Common Types of Emergencies
Emergencies are, at their core, versatile. I’ll cover some of the more common ones here but bear in mind that your emergency may fall outside of what is considered a normal emergency. If you’re having trouble affording a necessary and expensive cost, you’re likely experiencing a financial emergency.
Sudden Job Loss
Unfortunately, there have been many people, especially in the last few months since the start of the pandemic, that have experienced a sudden job loss. As companies scramble to figure out the best way to handle the blow to the revenue they often settle for letting employees go, cutting hours, and furloughs, which can and has compromised many people’s ability to provide for themselves and their families.
Sickness of Injury
I’ve already mentioned the high cost of medicine and healthcare in this country and it’s no secret that we have the highest costs in the world. This is even with health insurance which is supposed to take these costs and make them more manageable for us, but the word manageable is arbitrary when we have so little extra money to handle these costs.
Some of the largest expenses in our lives, such as our cars and our houses, can sustain damage quite easily. Whether it’s by the hands of a dangerous and strong storm or from the careless driving of a teenager on the highway, when our large assets take damage that has to be repaired, the costs of these repairs can be quite exponential. This is true of other assets, too, some of which include:
- Our houses
- Our cars
- Our appliances such as our ovens, refrigerators, or washer and dryers
- Any property that we own and rely on
Most people throughout the states only have around $400 tucked away to handle an emergency cost which, if you’re just taking a look at these assets, is only likely to cover about half, if you’re lucky.
Relocating from one place to the next is a difficult thing to afford, especially if you rent as most renting companies require you to pay for your first months of rent on top of an often-exorbitant security deposit.
If any of these scenarios sound familiar, don’t worry. Many people experience this hardship from time to time and many working-class adults don’t have money tucked away to handle a surprise cost. If you’ve found yourself in a financial bind or have found yourself in one, payday loans can help you sort out your budgetary issues.
What is a Payday Loan?
A payday loan is a short-term loan option type that grants you access to emergency money without the use of your credit score. Whereas most traditional loan options such as personal loans obtained through the bank and even credit cards use your credit score to determine your eligibility, payday loans completely omit this by focusing on your current employment status. This means that you can apply for and be approved for a payday loan even with average, bad, or nonexistent credit!
Applying for a Payday Loan Online
Applying for a payday loan is easy, thanks to our online form that can be filled out in just a few minutes. Simply by navigating to our homepage, you’ll be prompted to input your contact information and your address before clicking to the next page, which will match you up with the nearest store location to you. We serve several locations throughout Kentucky. If you’re curious if there’s a store near you, feel free to visit our Locations Page!
Once you submit your form, one of our representatives will contact you to set up a face-to-face meeting, during which you’ll be asked to provide a few pieces of information. This information includes:
- Your valid I.D. or driver’s license
- A blank check to a bank account that is in your name
- A pay stub to prove your employment
Because payday loans aren’t concerned about your credit score, we use your employment to determine how much money you’ll be approved for on your loan which is anywhere from $100 to $400! After you find out how much money you’ll receive, you’ll have the opportunity to ask any questions or voice any concerns about the process. Once you’re comfortable, you’ll fill out the paperwork and the money will be deposited into your account in as little as 30 minutes!
Financial emergencies can be terrifying, but they don’t have to completely break your bank account in order for you to overcome them. Don’t settle for living in fear. Visit our website and see what payday loans online can do for you.