Have emergency expenses cut into your rent money? Was your paycheck a little short this week? If so, you are probably struggling to find a way to pay your rent. You should go to the free sources first if possible, so ask your friends and family for a loan first. It you still come up short, consider a payday loan. The rates are high on these loans but so are late fees charged by apartments and landlords. Add the potential harassment that you will face and you see that a payday loan just might be the right choice. The good thing is that these loans are easy to qualify for and easy to apply for. Just apply for a payday loan and you can have money deposited directly into your bank account as early as the next day.

What you need to know about cash advance loans.

These are short term loans designed to get you through a short term emergency. If you need months to pay back a loan, this is not the loan for you. You should make sure that you are able to pay back your loan on your next paycheck. If you can not, you will face more fees so be careful.

The good and bad on payday loans

The good thing about these loans is that they are quick and easy to qualify for. This makes them perfect if you just need a little extra money to pay your rent. No other loan will fund as quickly as a cash advance or payday loan. The bad part about them is that the fees are high. These are high risk loans for lenders and they charge accordingly. Because the fees are based on the amount that you borrow, only borrow what you need to get by. Do not take out any extra money as a cushion because you will pay fees on it.

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