It's your worst nightmare: a loved one has been diagnosed with a terminal illness or your child has had a trip to the emergency room! This may be the case for millions of Brits, whose grief is interrupted by the second-most troubling concern: finances. It's bad enough that you're absorbed in the vortex of suffering along with your loved one, but if you don't have proper insurance or an extra pocket of money handy, your entire life and future could be in jeopardy.
According to one 2007 survey, one-third of adults say that an unexpected expense in the last year "seriously set them back." And roughly 34% of the population will suffer an unanticipated medical expense this year. The next common "unexpected expenses" included: car repairs, housing repairs, life events and children. Payday advances are well-suited for all of these necessities.
Fifty-five-year old Kirk Donald began taking out payday advances two years ago when his wife fell sick. It was difficult to keep up with their medical bills after they lost her additional pay cheque, Donald told The Chicago Tribune. "I never missed a payment, thank God," he relays. He said that he felt a little embarrassed going to the payday advance shop, but the people there assured him that many salesmen took out payday advances. He said that using payday advances for essentials was smart but that consumers can run into trouble if they try to take out bigger loans to cover things like Christmas holidays.
For another family, a child diagnosed with Type 1 Diabetes required a copayment of $500 - even with health insurance! While getting government assistance or aid is most preferable, this family needed a short-term quick solution to ensure their child had the medicine he needed. A payday advance asked no questions and promptly dropped off the funds into their bank account. This gave them a few extra weeks to find an additional employment opportunity, collect donations, seek government aid and do what they needed to do to avoid this money gap the following month. You needn't be embarrassed about getting a payday advance. We all need a helping hand sometimes!
