5 Surprising Truths About Borrowing Money For A Month

We’ve all heard of the hesitation around deciding to borrow money for a month. Nevertheless, there are some positive, surprising truths about borrowing money for a month that everyone should be familiar with. In this post, we’ll talk about whether borrowing money for a short term is a good idea and uncover some surprising facts about short-term loans such as payday loans.

Here Are 5 Surprising Truths About Borrowing Money For A Month

1. Your Credit Score Won’t Be Affected

For many people, the fact that their credit may be affected by short-term a loan is the deciding factor for giving up the idea of borrowing money for a month. Contrary to a popular belief, however, short-term loans aren’t reported to the credit bureaus. This means that you won’t be able to rebuild it with the help of this loan type. And no matter how disappointing this may sound, the good news is your credit won’t be affected either. 

2. You Could Get Up To $300 By The End Of Today

Through payday loans from Cash Cow, you may be eligible for up to $300 by this evening. With our quick and easy application and approval process outlined below, you’re looking at the opportunity to have cash in hand within a couple of hours.

This is an ideal way to borrow money for a month to face financial emergencies, such as home or car repairs, health concerns, or emergency travel.

3. Borrowing Now May Save You Later

Many people are hesitant when deciding if they should borrow money for a month or trudge along as best as they can. The truth is that borrowing money for a month could save you financial troubles months down the line.

Take, for instance, an overdue electricity bill that must be paid to keep the lights on. If you choose to ignore it for a few more weeks until the next paycheck, you risk waking up to no electricity.

Not only that, but when you go to pay the bill weeks later, you may face late fees, no-payment charges, and even a re-installment fee which will costs you more than you can afford to pay. Borrow now if you have an urgent bill that will risk your safety, health, or financial security down the line.

4. You Don’t Need Good Credit To Borrow Money For A Month

There are many ways to borrow money without having to show proof of good credit. Payday loans, particularly those through Cash Cow in Louisiana, do not require good credit to inquire. You can inquire with bad credit or even no credit at all.

With other forms of documentation, such as pay stubs or bank statements, you may be able to borrow money for a month without worrying about showing your credit score. This might be an option for those who are working on building their credit back up while still facing financial hurdles.

5. The Benefits Of Borrowing May Outweigh The Drawbacks

If you’re looking to borrow money for a month, payday loans in Louisiana from Cash Cow can be approved in as little as 30 minutes. That means your financial emergency can be faced ASAP. Loans are typically repaid when you receive your next paycheck, which gives you leeway to face those financial emergencies in the meantime.

Financial representatives from Cash Cow are consistently available to answer any of your questions and explain any details you may not understand. Let them clarify your financial questions with ease.

How To Secure Your Cash Cow Payday Loan

To obtain your payday loan from Cash Cow, you’ll need to be at least 18 years old in the state of Louisiana. Make sure you have a state-issued ID to verify this information when you arrive at the Cash Cow storefront. Other documentation you will need includes your most recent pay-stub and a blank check from your active checking account.

If you have these three basic documents, you’ll then reach out to your nearest Cash Cow location through either their online inquiry form or by calling Cash Cow directly. A representative will then speak with you to verify your information and resolve any doubts.

They’ll then walk you through the rest of the process, after which you can receive up to $300 in as little as 30 minutes.

Borrow Money For A Month With Cash Cow!

If you need to borrow money for a month, these five surprising truths prove the benefits of borrowing can outweigh the negatives.

From positively impacting your credit to not needing credit at all, if you borrow money for a month through payday loans, you may be saving yourself from financial pains in the future. Cash Cow is aware of this situation and wants to lend a helping hand to those facing financial emergencies today. Call us today at 800-514-2274 or submit a short inquiry for Louisiana payday loans on our website to get started!

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.