couple is happy about managing their expenses with payday loan

Manage Emergency Expenses Now With A Payday Loan 

A problem with an emergency is it can happen at any time. They never seem to happen when everything is going well. No, emergencies happen when you are just starting a new job, moved to a new town, just paid off a bill, or over the holiday season. 

People all over the county, around 10 percent, have no money stashed away for emergencies. Less than half have more than $500 in savings. A basic car repair can cost more than that. A home repair can cost thousands. You can't live without tending to those emergencies.

Learn how to manage emergency expenses in this blog with help from Fast Payday Loans, Inc.

Getting Funding

One of the problems with the economy today is that one with higher inflation and less consumer confidence also means that banks and other financial institutions are going to be more careful about lending. Many people who thought they had good credit scores will find those are no longer good enough for a loan. 

Banks want people who have been at their job for at least a year or two, who own a home, have car loans paid off, and have little credit card debt to lend money. Few people fall into all those categories these days. 

Those who can get a bank's blessing for a loan typically have to jump through hoops to gain a final ok. Getting a bank loan can also take time. They will check your credit and consult with you about options. It can feasibly take up to two weeks to get the money. That's too long when you have an emergency that needs funding now.

manage emergency expenses now with a payday loan

Alternative Lending 

Alternative lending has sprouted in recent years to fill the gap for those who, for one reason or another, can't get traditional financing. While there are many types of loans in this spectrum, one of the simplest and easiest types of alternative funding options is a payday loan. 

Payday loans are short-term loans that you can use to pay for an emergency. They are repaid the next payday so there is no long-term debt. These types of loans can also be used to bridge cash flow shortages for those who are paid every two weeks or monthly.

Advantages of Payday Loans in Utah

One of the major advantages of payday loans is they are available to those with bad or no credit. Approval isn't guaranteed but your job is your credit! It has value with the lender. Private lenders offering payday loans don't do credit checks. They don't need to because you will be paying the loan back with your next paycheck.

Another advantage of these types of loans is they are simple and fast to get. Most private lenders have simplified paperwork that focuses on your regular income than anything else. 

Payday loans can be competitive so one way private lenders compete is speed in getting you money. Most can get it to you by the end of the next business day. That helps when you are facing an emergency. 

Emergencies can include any number of things that require immediate payment. It can be a high utility bill, a dental appointment for an infected tooth, or high prescription costs. These are all things you can't live without but funding can't wait on these types of situations either.

Getting A Payday Loan In Utah

Many private lenders in Utah offer payday loans but one of the most reputable ones is Utah Title Loans, Inc. This private lender has stores all over the state and plenty of loan representatives to help you through the process. 
It offers payday loans between $100 and $500. It requires a driver's license or state-issued ID, a recent pay stub, and a blank check from an active checking account listing you on the account. 

man using his payday loan cash

The Process

You can start the process of seeking a payday loan from this lender by filling out the website inquiry form. It will be sent to the nearest store to you. A loan representative will contact you to answer questions and guide you through the process. 

You will then need to take your documents into a store to have a loan representative verify them. They will help you through the simple paperwork. The whole process happens fast and can be completed in as little as 30 minutes. In the end, you will have a decision. 

Those approved can get money either the same day or on the following business day. 

Submit Your Inquiry

One way to manage emergency expenses is to get fast cash with a payday loan from Utah Title Loans, Inc. You shouldn't wait until the next payday to get a car or home repair done. This private lender can help you through the stress. 
Fill out the form and see how this lender can help you deal with your emergency expenses. Submit it today!

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

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.