Payday consumers is that the loan can be released by the lender and directly deposited into their bank account without even the need of visiting the payday store. Here are most of the reasons why you still need to keep an open mind regarding payday loan Singapore, however, caution is always wise:
1. Payday loans can help when stores have no credit card facilities
Even in today’s economy credit cards are still not accepted at some merchant stores, who prefer to accept cash only. Or it could be that the emergency amount you need is greater than the limit on your credit card. So as useful as credit cards are in a lot of cases, payday loans from Payday Loan Singapore are a handy compliment to have to help you with your financial situation.
2. Payday loans can help with bills that fall due before your next pay day
Often we have due dates on our bills that fall due before our next pay day, especially if we get paid on a monthly basis such as a mobile phone bill, car registration, insurance premium or electricity bill. So to help us with our budgeting and to cover all the different bills that fall due at different times in the month, applying for payday loans from money lender Singapore are a convenient way to obtain funds to meet these demanding financial stresses in our lives.
3. Payday loans can help with maintaining a good credit profile
It’s not a good idea to make late payments on your credit card as late payments could stay on your credit profile for five years and affect your credit rating. So if you have a minimum due balance you have to pay on one credit card, you can’t use another credit card to pay that due balance unless if you are doing a balance transfer from one credit card to another credit card.
4. Payday loans can help with important things you don’t want to miss out on in life
Have you ever seen something you always wanted at the shops and it’s on sale but the sale is only for a limited time but your pay day is not until after the sale ends? Or have you got a birthday celebration that has arrived before your next pay check? Or may a chipped tooth that makes you look unattractive if you walked into work with it. Or you might be stressed out at work and need to take a mini vacation before you burn yourself out.