Four Simple Tips to Avoid Taking Out a Same Day Loan
Posted by adairsawyer on October 21st, 2011
One of the goals of every working individual is to earn well enough to not need to take out a same day loan. While not everyone can aspire to have a really bloated salary, there are things you can do so you do not have to resort to same day loans just so you can make ends meet. Here are four simple tips you can follow in order to avoid taking out a loan. It might be a bit difficult at first, but at the end of the day you can rest easy knowing you don’t owe anything.
Same day loans are quick conveniences for most people – to be more specific, it is for people who badly need cash, stat. However, the sad truth is that people who are not disciplined when it comes to meeting their responsibilities of a same day loan end up paying over two hundred percent more because of interest rates, service charges and some other fees. If borrowing seems to be looming in the horizon, you should arm yourself with four quick tips so you do not incur any additional charges and simply pay for the loan and the minimal interest fee you owe.
First, ask for an extension of the loan payment dates. If you just ask for the extension on your same day loan and be transparent about the reason there is a high chance you get an extension. Be humble when asking for same day loans extension. If you humble yourself enough, your creditor just might feel generous enough not to charge you an additional fee or add to your interest rate. Second, you should strive to earn more. Ask for overtime work at your company or take a temporary part-time job that will allow you to earn part of your loan for payment.
Third, - and this is very obvious – strive to cut back on expenses. This means sacrificing weekends of enjoyment with the family outside the house. When you have something serious like a same day loan, you should temporarily forgo spending for food and fuel. Stay home, enjoy time with your family waiting out the time until you have a little breathing room when you saved enough to pay back same day loans. And fourth, ask a friend for a bit of help to cover part of the loan. This way you still owe money but without the dreaded interest rate over your head.
These are some of the things you need to remember when it comes to avoiding those additional fees that come with taking out a loan. The idea of taking out a loan itself might already leave an unpleasant taste in your mouth; do not make it worse by neglecting the responsibility of paying it back in time and incurring additional charges that reach the sky. When you pay for your loan on deadline day, you also assure yourself that you are not blacklisted in case there will come another time that you will need to take out another loan.
Same day loans seem terrifying, what with interest rates and other charges. But a same day loan can be a simple obstacle you successfully hurdle if you know of four things that make it less of a pain to deal with.
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About the Authoradairsawyer
Joined: April 9th, 2011
Articles Posted: 1,903
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