payday loan customer with cash

Why A Typical Payday Loan Customer Gets A Cash Advance

There are plenty of reasons why a payday loan customer would get a cash advance. The main reason is that they are a quick and easy solution to whatever financial situation you may be faced with. In most cases, a payday loan customer will get a cash advance when faced with a financial emergency.

The Reasons Why Payday Loan Customers Get A Cash Advance

1. A Cash Advance Works Great In An Emergency

Payday loans come in handy for financial emergencies because they provide fast cash. Instances in which you may need fast, emergency cash would be:

  • Paying utility bills to prevent the shutoff of services.
  • Home or auto repairs that require an immediate address.
  • Unexpected medical bills such as emergency room visits or even emergency veterinary bills.
  • Important travel costs such as work travel or rental moving truck costs.
  • Paying rent or mortgage bills on time.
  • A lapse in income when switching jobs.
  • Appliance breakdowns such as broken washing or drying machine.

What many of these situations have in common is that they are time-sensitive. With payday loans in Louisiana, you can apply and receive the funds of your loan as soon as the same day you apply or the following business day. This allows a payday loan customer to tackle their financial dilemma with speed.

2. A Cash Advance Doesn’t Require Good Credit

This brings us to another reason why payday loan customers choose to get a cash advance. They are not hampered or slowed by having poor credit. Bank loans and the sort require extensive credit checks that can at times take several days to review and determine eligibility. Poor credit can even prevent you from getting the loan you need.

Instead, a cash advance in the form of a payday loan uses your most recent paystub to determine your ability to repay the loan when your next payday comes. As long as your paystub can confirm that you qualify for a loan, then good, bad, poor, or nonexistent credit won’t slow or determine your overall ability to get approved for a loan.

payday loan customer with bad credit score

3. No Long-Term Commitment

Payday loans are usually made out for a small sum of money that does not require a long-term loan. As such, payday loan customers will obtain a cash advance when they need a brief financial bridge to get them through to their next paycheck.

When getting a payday loan, one should consider whether they would otherwise have the funds to address their financial situation. If so, then a short-term loan like a payday loan can provide that bridge.

4. Payday Loans Can Be Alternatives To Other Means

Another reason why payday loan customers get a cash advance is that they have exhausted all other means to obtain much-needed funds.

Getting a loan should be left as a last resort when finding financial solutions. If applying for a credit card, having poor credit, finding alternate sources of income (like providing uber services), or asking family or friends for cash is not an option, then getting a cash advance loan is worth consideration.

How To Get A Payday Loan

There are many other reasons why your typical payday loan customer would choose to get a cash advance. Whatever the reason, finding a reputable payday loan provider is essential to ensuring that you get a payday loan that meets the needs of your current situation.

A Reputable Payday Loan Provider

One such reputable payday loan provider is Cash Cow in Louisiana. With over forty different locations found throughout the state of Louisiana, you can get 5-star assistance in applying for the loan you need.

If a Louisiana payday loan is a loan you are looking for, you can get started on your application by:

  1. Submitting an online request form to have a loan representative contact you or call your local Cash Cow store.
  2. Provide the following documents when you visit one of their many stores:
    • Driver’s license or state-issued I.D.
    • Your most recent paystub
    • A blank check from an active checking account in your name

The in-person application takes as little as 30 minutes! With Cash Cow, you can qualify for a loan of $100 to $300 in no time.

payday loan customer signing contract

Get Started Today

If you are a payday loan customer looking for the right payday loan provider, get your finances settled by submitting an online request form today. Have your phone nearby as a Cash Cow loan representative will call within minutes and be ready and willing to answer any questions you may have.

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

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.