Oh, how we all wish that debts could be erased by a rubber! Alas, bills and children’s school fees need to be paid. There is no escape!
Let us paint a picture for you — it’s a regular Monday. You wake up, get ready, eat breakfast and head to work. The boss calls you in his cabin and tells you that for the next two weeks, there are going to be back-to-back meetings. He hints that it’s your moment to shine and if you land at least two clients, he will promote you. You head back to your cubicle and start working on the proposals. Two weeks go by in a blur and when the second weekend arrives, you are too exhausted to do anything, so you decide to laze around and watch Netflix.
You munch on pretzels for snacks and order in pizza for dinner. As you are paying for the pizza, you see a paper sticking out from underneath the side table on which you keep the house keys. Holding the pizza box, you bend down and pick up the paper. As you lay your eyes on the numbers, you realise it’s the electricity bill, which is way past its due date. The amount combined with the penalty is too high and nowhere near something that you can come up with on short notice.
Everyone has had this unfortunate experience. Even though the bill amount is something you pay at the start of each month, it can be a little difficult to scrounge up the money in the middle of the month. We will cut right to the chase — you can pay your debts with same day loans.
What Is the Same Day Loan?
As the name says, the same day loan is a loan that you get on the very day you fill the loan application. The process is pretty simple as it only requires some basic information such as your name, address, your living status (homeowner or tenant), details of your employment and a breakdown of your income. The good news is that whether your credit score is in the 500 range or 700+ range, you are eligible for this loan.
Here are five steps you need to follow to pay off your debt:
- Create a chart that outlines “How Much Do You Owe”. Note down your credit card numbers, the debt on them, APR and monthly payments
- Prioritize the debts
- Freeze your credit cards and start using cash
- Negotiate with your bank for lower interest rates
- Get the same day loan
Two Reasons to Get a Same Day Loan
● Instant Cash
One of the best things about same day loans is that you get to borrow at least $2,000 in just a day. All you have to do is fill out a loan application and pay an establishment fee, and you get your loan.
● Better Alternative than Using a Credit Card
Paying debts through a credit card can lead to bankruptcy. Depending on the amount of money you can spend, you will find yourself using your credit card too often. You might find yourself spending money on something frivolous rather than on necessities. On the other hand, the same day loan offers you a certain amount of cash, which not only allows you to set your priorities straight but also gives you more return time than a credit card.
The bottom line is that there are many benefits of opting for the same day loan. If you have to pay off a debt, the possibility of instant cash gives you the peace of mind that you don’t have to wait another week for the personal loan to get approved. You can pay the debt then and there without incurring any further penalties.