There are literally thousands of legitimate reasons to apply for a payday loan online. If you find yourself in one of the following situations, this just may be the best option for you:

  • Car repair costs, particularly if this is the only form of transportation to work.
  • Emergency medical expenses. Some doctors will refuse to see a patient until an outstanding bill is paid. (Unfair, but true.)
  • Structural issues with your home. This is something that simply cannot be ignored.
  • Broken appliances. Unfortunately, this seems to happen at the worst possible time.

 

When NOT to Apply for a Payday Loan Online

Just as there are legitimate situations in which it is a good idea to apply for a payday loan online, there are also plenty of reasons not to apply, including (but certainly not limited to):

  • Wanting to buy your new boyfriend or girlfriend an amazing gift for Valentine’s Day. (What if they dump you? Are you really willing to go into debt for this person?)
  • Feeling like a shopping spree. (Go for a walk instead, call up a friend and hang out, read a good book. This won’t make you feel better for long!)
  • Updating your wardrobe. (Ever heard of a thrift shop? They have awesome items, and who doesn’t love the vintage chic look?)
  • Going on your dream vacation. (There is a reason it’s a dream- you have to work for it.)

Keeping these general guidelines in mind, always do your research before signing (paper or digital) any contract, and read all the fine print. By following these tips, you’ll be on your way to financial freedom as soon as possible!