Does Your Dollar Only Stretch Until Wednesday?

By: Dror Klar

If you are one of the millions of average folks who have a job that allows you to survive, but barely, then no one must tell you what Hump day is. It is Wednesday of course, the mid portion of the work week with at least a couple of more days to make it until you get paid. We are generally overjoyed to make it until Wednesday because it means we are headed towards the weekend, but that is not necessarily a good thing if you are also low on cash about this time.

It has always been a hardship for those who have to adhere to a budget that is so thin that often times there is just absolutely no way you can squeeze out another $50 or $100 bucks to tide you over the rest of the week. It will be a bad situation if you have to have gas so you can go back and forth to your job so you can collect a check on Friday.

People that have better paying sources of income might not get how easy it is to find yourself in this dilemma. Many times no matter how hard you try there is never enough cash to go around for the basic necessities of day to day living. If you have no credit and no savings of any kind, there is just very little you may do.

Something that is helping a lot of people to make it through these days is cash advances. These businesses are popping up everywhere and are the answer to prayers for many. These establishments provide short term loans for a certain fee that you can normally acquire with no credit history check. The only requirements at most of these firms are your last couple of checking account statements and verification that you have a job.

These kinds of loans can allow you to get a small loan, normally up to a few hundred dollars, that will give you some cash until you get your next paycheck. If you borrow $200 hundred dollars, the interest will generally be around $25 or $30 dollars for two weeks. If you can not pay off the loan on the due date, the majority of these companies will let you to pay the initial charge and set the loan up again. Certain businesses might let you borrow up to a couple of thousand dollars if you can meet the requirements.

Now, this might appear to be a convenient remedy at the time, and when you are in desperate need, it always is very helpful. Just keep in mind that when you get a paycheck loan you should not borrow more than you need because it must be paid off sometime soon.

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