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THE BENEFITS OF SAME-DAY FUNDING
In these tough financial times, most American consumers share the day-to-day stress of money management. With a well-planned monthly budget and careful spending habits, it is possible to remain in control and have personal or family finances well in hand. However, if an unexpected expense, family emergency, or other demanding financial situation happens and requires payment immediately, that control can quickly make way for overwhelming stress, especially when the overall financial situation comes into focus.
The key to overcoming these immediate payment situations is to know your options. There are many solutions available when personal funds can’t afford life’s surprises. But not all of them may be the best idea in the long term. Credit cards can immediately deal with emergency expenses, but the payoff, including interest and hidden fees, can make daily money management even more difficult. And while asking for help from a loved one may seem harmless, the strings attached to personal loans can damage precious relationships.
Many alternative financial providers, including payday lenders, have begun to offer same-day funding services for these kinds of situations. In this article, we’ll discuss why these immediate cash options can possibly remedy an overwhelming financial situation.
Faster and Familiar
Same-day funding services from financial service centers and payday loan providers aren’t truly a new product, but an improvement on a traditional product that has been recently introduced to meet the demand of challenged American consumers. The economy has even the most fortunate of spenders watching their wallets and, unfortunately, some can’t afford to manage unexpected situations without assistance.
Same-day funding is an optional expediting of the payout of a payday loan. The application process remains the same, as well as the service fees and payback periods associated with traditional payday loans. However, same-day funding gives consumers the option to receive their needed funds immediately following the approval of their loan applications.
Multiple Payout Options
To some, immediate cash options mean exactly that—cash. But for those whose payments must be made over the phone or online, cash does little to help relieve the stress of an emergency financial situation. The primary benefit of same-day funding, besides the immediate acquisition of needed funds, is that some payday lenders offer multiple options for loan payout. One of the most beneficial means of receiving funds during trying times is on a pre-loaded payment card tied to a temporary virtual account. These cards are often usable wherever major credit cards are accepted, and may bear the logo of one or more of these recognized companies.
Of course, as with any alternative financial solution, pre-loaded payment cards may not be usable everywhere. Be sure to ask questions about the usability of any payout option besides cash, so as not to risk making a situation more stressful. But in most cases, these pre-loaded cards will be usable for online and telephone expense payments.
If the financial situation you’re facing does allow for immediate payment using cash or check, these options may also be available from your financial service provider. Different companies may offer different products for same-day funding with different applicable restrictions and rules, so be certain that the service being offered is exactly what you need—and what your financial situation beyond the immediate need can handle.
Check n’ Go, a leader in the payday loan industry, has recently implemented same-day funding options on their payday loans, including the option of a Netspend Visa® Virtual Account and Prepaid Debit Card. To learn more, please visit Checkngo.com.
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| Category: Articles | Added by: forex_s (2010-01-20)
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| Views: 177
| Rating: 0.0/0 |
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