How To Cope with the Financial Stress When You NEED MONEY ‘NOW’?

April 2, 2019
Rosie Wilson

How To Cope with the Financial Stress When You NEED MONEY ‘NOW’


Is everything in your control? No, absolutely not, this is why problems come, but the solutions of those problems can be in your control. As everything is driven by money power in this world, issues related to finances are among the most common happenings of life. Humans are always in the need of money but when this need becomes super urgent, oh God! Only a super urgent way out can come to rescue.

How About Payday Loans?

You are not unfamiliar with payday loans, right? They are available with super fast procedures and you pay them off on your next payday. In fact, nowadays through online lending, these loans are available to people with bad credit or no credit history. You must have heard about the payday loans with no credit check. They facilitate funding without any credit score perusal. Their approval decision comes in 30 seconds and fund disbursal in 10 minutes. This can be one of the choices for your financial needs of NOW.

  • …. forget not to consider other aspects of payday funding

For sure payday loans are super fast loans but with this speed some obvious concerns come and they are unavoidable. It is better to first think about them and then take the decision.

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Interest rates are High– In no case, it is wise to bear a burden that is unmanageable for you. The payday loans have very high interest rates, however, FCA has not a control over the payday lenders. But still paying off the whole loan can be difficult if your income is not big. With many monthly expenses, it can be risky to give a major part of your salary to pay off the loan.

Try not to miss the repayment as degrade in credit score can happen – Take the loan if you are confident enough to pay off the loan on the next payday. If it is possible then payday is an actual pal of bad times, otherwise missed payments can bring a huge fall in credit rating.

Savings Are Always Supportive

Until and unless your saving is not for some other important purpose, it is better to fill the financial gap with saved money. There is no answerability towards anyone when you use your own money. Use it and then refill it gradually in coming months.

  • There should be some rules to use savings for financial crisis
  • Whatever amount you take, you will put it back as soon as possible.
  • Take only the required amount with control over the greed to fulfil some other desire. For instance, going for a holiday or buying an expensive dress.
  • Make best and wise use of every single penny.
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Help From Friends or Family (Keep It as the Last Option)

Not all, but some family members or friends are close to your heart and it is not difficult to tell them about your financial needs. Ask them to give some help with a promise that they can stay sure about the timely return of their money. Do not make this promise fake but do it really. However, it can be embarrassing for you to ask for help, keep this option as the last choice.

If you take loan then choose the lender with caution. Do not choose a loan company with the demand of upfront fee. Lenders like online super money can be the option but do not choose until you compare with other loan lenders. If savings is your choice, then you know the rules, follow them by heart. Third is the last one, but when needs are too urgent then it is not bad to ask for help.

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