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Discover the Top 5 Benefits of Payday Loans in Florence, Alabama

Discover the Top 5 Benefits of Payday Loans in Florence, Alabama

These Short-Term Loans for People with Bad Credit Can Help You Master Your Finances

Alabama payday loans

Payday loans are easy to get – but that’s not even one of the top five benefits of getting a check advance. There are lots of ways to get caught up on your bills, and getting approved for fast cash from a title loan or payday loan has several benefits that can help you master your finances like a pro.

Let Select Title Loans at 1203 N. Wood Ave. in Florence help you with the details.

You Don’t Need to Borrow Money from a Friend or Relative

Money is a hot topic. Borrowing money is an even hotter topic. It’s a pretty widely-accepted rule that borrowing money from friends or family can lead to bad blood between you. Typically, that’s because money is loaned and not paid back in an expected manner, perhaps due to a lack of communication prior to the lending, or maybe just not paying back the money on time. It could be because you thought that you paid everything back in a timely manner, but the lending party expected it much sooner. Whatever the reason, getting money involved with a friend or family member is too risky.

Why risk it? Keep those close relationships solid by taking the initiative to secure your own quick cash. Taking out a short-term loan like a check advance can keep money out of your holiday conversations and help you focus on what’s important, like spending time with family and helping to take care of loved ones.

Check Advances Cover Between Paycheck Expenses

If you’re living paycheck to paycheck, you aren’t alone. It’s way more common in Florence, Alabama, than you think. Because we’re at the mercy of our employers to administer paychecks every few weeks, and our bills always seem to be due at the same time, we typically have to wait until our next payday or work additional hours.

Payday loans can help you cover the cost of expenses between those paydays. Payday loans are short-term loans that you qualify for by proving that you have steady employment, and then pay back as soon as you receive your next paycheck. Bills, groceries, and unexpected expenses don’t wait until you get paid – costs can come at any time, and you may not always have the money in the bank. You know that next paycheck is coming, but unfortunately bills need to be paid now. When you need cash now, and can’t wait until payday – a payday loan from Select Title Loans could be the solution for you.

Payday Loans Don’t Require Long-Term Commitment

Payday loans are meant to cover expenses between pay days. How often do you get paid? Weekly, biweekly, monthly? Many times, in the case of an emergency cash need, you can’t wait until you get your next paycheck. Maybe you need to cover an emergency home or car expense to continue going to work, or to keep your family safe. Perhaps a medical bill came in that you weren’t accounting for when paying bills the previous pay period. That’s ok. Things happen when we’re least expecting it – and that’s where payday loans come in handy.

A payday loan is meant to be fast cash when you need it, to be paid back on your next payday, or possibly later depending on the due dates discussed during your payday loan process. Traditional loans require long-term commitments, and long-term impacts on your credit; having access to quick cash and committing to only a short-term loan is a large advantage of check advances, like a payday loan from Select Title Loans.

Borrow Only What You Need

Traditional loans often encourage borrowers to take out larger dollar amounts, since each loan you apply for requires a hard check on your credit. Credit bureaus, like Experian or TransUnion, don’t advise borrowers to have hard credit checks too often, because it can negatively impact your credit score. But, paying back that larger amount can be tough – especially if you’re an average person living paycheck to paycheck.

With a check advance, you can borrow a couple hundred dollars or several thousand, depending on your needs. This will allow you to immediately cover your cash needs, while not putting you in the hole for a long period of time. And borrowing only a small amount is much less nerve-racking than having to ask the bank for thousands of dollars because they have a minimum they require you to borrow.

Requesting a Check Advance Won’t Hurt Your Credit Score

When borrowing a small amount of money through a payday loan in Florence, Alabama, you can feel more confident that you can pay it off on time. Because you’ll feel more confident in getting your loan paid off quickly, you’ll feel more confident in managing your money. Plus, you can continue to take out bad credit loans like a payday loan as many times as you need without negatively impacting your credit score.

Unlike a traditional loan, payday loans don’t require any credit check at all. Even if your credit history isn’t perfect, you can still qualify for one of these flexible loans.

PayDay Loan Advantages Are the Right Choice When You Need Fast Cash

There are several advantages to payday loans from Select Title Loans that could mean they’re the right choice for you! A check advance doesn’t damage your credit score and can come with a flexible payment plan to help you through a tough financial time while you’re between paychecks.

When you and your family need money the most, check out the quick cash options from Select Title Loans in Florence, Alabama.

 

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OUR LOCATIONS

1203 N. Wood Ave.
Florence, AL 35630
Phone: (256) 767-2100

Hours:
Mon – Friday 10AM – 6PM
Saturday 9AM – 2PM