Emergencies are never timely. Often, a person may find that they are in need of a payday advance due to untimely circumstances that are proven to be out of their control. Severe and unexpected illness, death in a family, or critical car and home repairs can occur when cash is in short supply. These short-term loans serve to extend quick cash for emergency purposes to those in need of short-term financial aid. When a person needs cash now, but payday is still a few days away, payday advance loans can help.
A payday advance is a small cash advance from a lender or lending company to anyone who is in an emergency situation and is in need of quick cash. Payday advance loans are loans that are repaid to the lender with a post-dated check from the borrower's checking account. The post-dated check is cashed by the lender, or lending company, on the borrower's payday. There is a fee attached to these transactions, and a post-dated check amount will usually include that fee.
As with any financial matters, obtaining a cash payday advance loan should be carefully considered before entering into an agreement with a lender. Payday advance loans exist to serve those in need of emergency cash, and they do not exist to help the financially troubled float from one paycheck to the next. Anyone wanting to investigate these transactions should speak with several money lending agencies, and comparison shop for the cheapest fees.