It’s happened to lots of us: there’s too much month at the end of the money and suddenly you have a flat tire, or the dog needs an emergency surgery. But, you don’t have enough funds and your credit card is maxed out.

At this point, it seems obvious to call the bank to ask them for the cash to tide you over.

But banks often don’t offer personal loans for smaller amounts of money. But what if you need $300 – $500? You might think you’re out of options. Don’t despair! You can get a payday loan from Pay2Day. Here are a few tips to make this option work for you.

Only Borrow What You Need

With a loan from Pay2Day, you can borrow up to $1,500, but we encourage you to borrow only what you need for the expense you need to pay. The average loan we offer our clients is between $300 and $500. Whatever amount you need (to $1,500) is up to you, but make sure it’s manageable for your budget.

You might be tempted to borrow as much as you can, but that’s probably not the best idea. Don’t borrow more than you need. Keep it small, deal with it on a timely basis, so it doesn’t grow into a monster. You don’t want to get sucked into a cycle of debt whether it’s a payday loan, a line of credit from the bank or increasing the credit limit on your cards. Never forget it all has to get paid back in the end.

Have a Full or Part-time Job

Because you will need to pay back the loan on your next payday, it’s essential that you have a job. Whether you work full-time or part-time doesn’t matter, but you do need to show that you are employed and that you will be able to pay back the loan.

Be Ready to Pay the Loan on Your Next Payday

We want to help you get out of your difficult situation by offering an advance on your pay cheque. This means that you will need to pay back the loan when you do get paid. Don’t borrow more than you will be able to pay out of your next cheque.

That’s it. No hoops to jump through, no red tape to cut through. So, if you find yourself in a short-term mess, Pay2Day can help. Please contact us to learn more about how to get a hassle-free personal loan, when the bank says no.

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