There probably aren’t many situations where you imagined yourself taking out a payday loan, yet there are many situations in which a cash advance could come to your rescue. For example, my friends Rick and Krystle were searching for a place for weeks without success. Their lease was about to end in two weeks, so the hunt was on.
Krystle was also in the middle of a huge work merger. She was busy in meetings all day, and on the phone, so sneaking away to view apartments was not in the cards. She left the apartment search up to Rick, against her better judgment. None the less, Rick found an affordable apartment in a desired area, and all was well. That is until Krystle went to view the place and noticed the infestation problem. With just one week left, Krystle broke the lease with the infested apartment owner and began searching for a replacement.
Sadly the couple lost their deposit and first month’s rent, because they had signed the lease agreement. This left them with very little to put down on a new place. Luckily, a new one bedroom came on the market one morning, and the couple viewed the apartment immediately. The place was beautiful, newly remodeled, and affordable. They were so excited by the price and lack of roaches that they forgot to check for appliances. The kitchen lacked a fridge.
You never really understand how vital a refrigerator is until you attempt to live without one. They wanted to buy a fridge, but the cheapest they found was for around $350. After losing their deposit, and paying first month’s rent at the new place, they lacked the immediate funds to buy a fridge. That’s when the couple decided to take out an online payday loan. Rick had better credit, so he applied online. He took out a loan for $500, and it was wired to his account within 24 hours. He was able to buy the fridge, and the couple was able to eat at home in their new place. He paid the cash loan back with his next paycheck, and no harm was done to his credit.
Just another example of how online payday loans help people facing a temporary financial crisis.