Get Ahead Of Bills With Online Payday Loans
As difficult as overdue bills are on your finances, many of us have had – or currently have – overdue bill payments that we are struggling to pay. The good thing is you can use online payday loans from us at Cash Cow to help make these payments easier on your finances!
But what is this loan and how exactly can it help? These are easy questions to answer! Just keep reading this guide to learn more about overdue bills and how payday loans can help you manage them.
What’s An Online Payday Loan And How Can It Help?
To realize how this loan can help, you should start by understanding what is an online payday loan. A payday loan is a short-term loan that doesn’t need any collateral and can fund you between $100 to $300 quickly, depending on your income and what you can realistically repay. If you are approved, you can get the money quickly, making it helpful for urgent situations like resolving your overdue bill issue.
You’ll only need your driver’s license or a state-issued photo ID, your most recent pay stub, and a blank check from an active checking account in your name to find out if you can qualify with us at the nearest store location. Plus, you can qualify even if you have poor credit! And because this loan is due by your next paycheck, you don’t have to worry about having tough loan repayments for too long. All you have to do to start the process is just go to our website and fill out the online form!
What Happens When You Don’t Pay Your Bills?
Now that you know how online payday loans can help you with your overdue bills, you should know of some of the negative impacts an overdue bill can have on your finances. Some people might make the mistake of prioritizing other expenses over their bills.
While some emergencies may seem like they are bigger than your bills and need your immediate attention, you don’t want to push your bills to the side. That’s because being late on your bills can lead to many negative outcomes like:
1. Phone Calls And Letters
The first thing you can expect when you’re late on your bills is a notification or warning. These can come in the form of phone calls and letters to remind you that you’re behind on your bill and should make a payment as soon as possible.
Even though these are only meant to be reminders, it can be quite stressful to receive them in the middle of the day. That’s especially true because these calls and notices are completely avoidable just by paying your bills before the stated deadline.
2. Late fees
Unfortunately, failing to pay your bills on time could lead to even higher costs in the long run. That’s because service providers often charge late fees on those bills, forcing you to pay more to continue enjoying their services. The occasional late fee might not seem very damaging financially. However, they can make your overall costs significantly higher if they happen repeatedly.
3. Disruptions
Some providers will also disrupt whatever service they’re providing to you until you have settled your bill payments in full. For example, you might get your lights cut off or your internet service might be slowed down significantly if you are late to pay your bills. Since these services are quite essential to your daily life, those disruptions can cause a lot of stress and difficulty.
4. Penalties
On top of late fees and disruptions, service providers might also charge additional penalties that increase your costs. For example, they could charge you a fee to reconnect your service and restore it to full capacity. Again, if it’s just one penalty, it might not be so bad; as they stack up, these penalties add to the overall amount you’ll end up paying to continue enjoying these services.
5. Terminated Account
In a worst-case scenario, after many warnings and penalties, the service provider could terminate your account. That can be quite a big deal if it’s a service for which there aren’t many providers to choose from, if any.
While you could switch services for things like internet or phone access, it’s not that easy for other essentials like water, power, and gas. Depending on where you live in Louisiana, you might lose your account with the only service provider available.
Get Help Now!
When it comes to overdue bills, things can get stressful quickly. As you’ve just read, being late on your bill payments can have many negative effects on your finances. Instead of dealing with those payments on your own and stressing yourself out, you can get online payday loans!
We here at Cash Cow are willing and waiting to help you get through the process to find out if you qualify. So you don’t have to wait any longer. Get that online form filled out now so we can help you out!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.