Is it Smart to Take Out a Credit Card Loan? The intelligent answer to this question is no. A recent report revealed that over 8 million individuals have stopped using credit cards – the highest number ever recorded. Here are 5 reasons why it is not smart to take out a credit card loan.
- The interest rates on credit cards have skyrocketed.
- The limit on most credit cards has been reduced, regardless of whether you pay on time.
- Why borrow from Peter to pay Paul? It’s counterproductive.
- If you miss even one payment, your credit rating takes a hit.
- Why pay high interest on a credit card loan when you can apply for a payday loan!
Apply for a Payday Loan Instead
Speaking to the last reason, a payday loan is the best, fastest, and most popular method to meet any emergency albeit an unpaid bill, car repairs, rent, tuition, or prescription drugs. We have the top five payday loan companies available to you right now if you need a loan. You can receive up to $1000 within a day, and be approved for the loan from minutes to within one hour. Why would you want to put your entire financial history in jeopardy through a credit card loan?
How Do I Apply for a Payday Loan?
It’s simple. Fill out the online application at any of the following payday loan sites:
Fast Internet Loans
Downtown Money Advance Loans
Assurance Pay Day Loans
Borrow When You Need It
Finish Line Payday Loans
Cash Advance Micro Loan
. They will instantly match you with a lender who will require that you have a steady income, have a bank account, and are 18 years or age or older. Once the loan is approved, they will transfer the funds to your bank account within one business day.
When Do I Pay Back the Loan?
You can pay back the loan when you receive your next paycheck. Or, if you need additional money, you have two options: You can renew the loan and pay the interest and fees only or you can renew the loan and pay the interest and part of the principal. It’s as easy as that! Forget about adding more debt and interest to your credit card loan – opt for a payday loan today.