Sunday 24th of January 2021

Why a Payday Loan Beats the Alternatives

The payday loan industry has revolutionized the way consumers find money, apply for loans and fund the unexpected expenses that life often presents us. As time has changed, so too have cash advances. Thanks to the Internet, today’s consumers can research multiple lenders at once and ultimately select the one that’s best for them. This ability to comparison shop is just one of the many reason that today’s advances will routinely beat their alternatives.

While years ago consumers who needed money immediately would turn to pawn shops, title loans or even bankruptcy, cash advances offer a host of benefits that make those alternatives seem less attractive today. Instead of risking a family heirloom or prized possession at a pawn shop, a short-term loan will instead help you keep your belongings at home. Title loans, while helpful, involve much more paperwork and time than an online payday loan – plus, your car is safe. And instead of thinking about risking your financial future by filing for bankruptcy, a cash advance can help you in the short term and long term. In fact, these are just some of the benefits of borrowing, whether processed in a payday loan store or through a online site.

Benefits of short-term loans

While your personal reason for selecting an advance may be different from your neighbor, chances are you will both enjoy similar benefits. Thanks to services such as, you can get online quotes for your payday loans all from the comfort of home. Whether you’re looking for money to fund an unexpected home repair, medical bills, automobile problems or some other family emergency, the online lending industry might be able to help make this troubling time much less stressful.

Among the benefits of payday loans are:

  • Fast service: Particularly with online payday loans and cash advances, you’ll be able to apply from the comfort of home and get a response quickly – usually within 24 or 48 hours.
  • Privacy: No waiting in line or running the risk of being seen by someone you know. You can keep your financial life private by applying for a short-term loan online.
  • Convenience: Today’s short-term loans come with a variety of loan programs. Depending on your needs, you may be able to receive a specialized type of advance, including a long-term unsecured loan (usually with a 30-month term), or an extended payday advance. Ask your lender whether there are specialized programs for which you are eligible.
  • Competition: If you use a service such as, you may be able to receive competitive quotes from a host of payday lenders. This means that you can be sure you’re receiving the best type of loan program to meet your personal needs and goals.
  • Electronic application and approval: Forget about waiting in lines and filling out forms. With online payday loans, in particular, you can complete the entire process electronically. Even your money will be deposited into your checking account electronically. So don’t worry about all those extraneous hassles. The process has been simplified.
  • All-hours: Apply for an advance at any time of day, any day of the year. The Internet has revolutionized the way consumers apply for and receive loans. Today, it’s on your schedule and timetable.
  • Consumer-driven: You’re in charge – not your loan office. Decide how much you need and apply for it – forget about long-term plans, risking your car title or thinking about bankruptcy. You can pay off your balance in two weeks and move on with your life.