Unexpected costs usually come with a lot of decisions. When budgeting isn’t enough to cover expensive emergencies, financing of some sort can be a good alternative. If you have a job with a consistent paycheck, a payday loan can get you quick cash with simple repayment terms. As noted by Advance U Cash in Florence, KY, payday loans refer to short-term loans in which you can get a cash advance on an amount up to your normal paycheck. The amount is typically paid back when you receive your next check and includes a low interest fee.

Here are three things you can avoid by taking this option:

• High-Interest Credit Cards: Many people take out credit cards if they have unplanned expenses. However, if you have no credit or bad credit, you may find that getting a credit card comes with a steep interest rate that will leave you paying back way more than what you initially borrowed. By contrast, payday loans offer more fair terms for bad credit loans and allow you to incur less interest.
• Bad Checks & Bank Fees: Not only is writing bad checks illegal, but the fees associated with insufficient payments are also incredibly high and add up fast. If you use a debit card, overdrafting can also lead to major costs that are hard to pay back. Payday loans, on the other hand, give you quick cash to prevent you from spending money you don’t have and are much more affordable than bank penalties.
• Missing Other Payments: One of the realities of not having the cash you need may be avoiding the essentials costs of daily life, such as rent, medical services, or food. However, trying to save by shifting funds away from these expenses can be troublesome. For example, not paying rent could lead to an eviction and skipping out on medical needs could cause most costly — and risky — health problems down the road. Since payday loans give you a cash advance with a fast turnaround, you can cover both emergency and day-to-day expenses with peace of mind.

To learn more about how simple it is to apply for a cash loan in Florence, KY, visit Advance U Cash online. For questions about payday loans or help with your application, call a trusted financial representative at (859) 746-2274.