The water heater broke in the house my husband and I just bought last month. With all the other expenses we’ve had getting the house set up, I didn’t know how we were going to pay for a new water heater but it was certainly something that we couldn’t do without, especially now, in the winter. I finally told my husband that I thought the only thing we could do was to get a cash advance on a credit card. Then we’d be able to replace the hot water heater. We hated to do it but didn’t see any other alternative.
As I was venting to my friend about the financial hardships of owning a home, she asked me if I’d thought of getting a payday loan to tide us over until we get our next paycheck. She told me the interest and fees would be much less than what we’d pay by taking a cash advance on a credit card. I’d never thought of a payday loan but spoke to my husband that afternoon about it. I went down to a loan store later that afternoon. I couldn’t believe how easy it was to get approved. The money was in our bank account the next morning and we were able to get the hot water heater right away. I’m glad we got the loan – it was much easier and cheaper than borrowing from our credit card.