Emergency payday loans can be a lifeline for unexpected expenses. While they shouldn’t be used for routine spending, they’re ideal for covering urgent costs like medical bills, car repairs, or utility bills.

In this post, you’ll learn about payday loan uses, when an emergency payday loan can help, how to use it responsibly, and how to get your expenses covered by payday loans as soon as today.

What Expenses Can an Emergency Payday Loan Cover?

In short, you can use an emergency payday loan for just that — emergencies. If your situation worsens without payment and you don't have any other way to get money, a payday loan (sometimes called a cash advance loan) could be the right option.

We're looking at the most common circumstances that justify a payday loan. But that doesn't mean you can't use one for other scenarios. Provided you have a justifiable reason, you can acquire and use a payday loan to bridge the gap between paychecks.

So, without further ado, let's take a closer look at the top five payday loan uses:

1. Medical Bills

Paying medical bills with payday loan funds is probably the first expense that comes to mind when considering a payday loan. After all, they can be horrendously expensive and are often unexpected. Even with health insurance, people struggle to pay their medical bills. Sometimes, the insurance plan doesn't cover a specific procedure or treatment, and other times, the coverage requires them to pay the amount initially and then make a claim. All of this can be incredibly hard to deal with, especially without a sufficient emergency fund.

So, you can use payday loans to pay for all kinds of medical bills, including dental and vision, or even veterinary bills for your furry friend

2. Rent or Mortgages

It's worth mentioning here that payday loans should only be utilized for short-term monetary issues. If you are regularly having trouble keeping up with an account such as your rent or mortgage payments, it's time to look for help elsewhere. However, if something unexpected happened one month that required an influx of money and paying for that means you're struggling to meet your rent or mortgage payment, you can use an emergency payday loan.

3. Car Repairs

Needing car repairs is never sweet. You can't plan for them, and they seemingly pop up out of nowhere. Thankfully, you can use payday loans to cover the costs if you can't find another way to get fast cash.

Here are a few examples of car repair expenses covered by payday loans that you may want to remember:

• Spark plug replacement
• Oxygen sensor replacement
• Fuel cap tightening
• Brake work
• Fan belt replacement
• Oil changes
• Tire repairs and replacements
• Battery swap
• Aftermarket alarm removal

4. Home Repairs

Just like car repairs, necessary home repairs often come when you least expect them. And as we're sure you know, they can be pretty costly.

Luckily, you can also use emergency cash advances to pay for them. After all, it's generally better to hire a professional to fix integral parts of your home instead of trusting amateur DIY skills (you'll only end up paying more to fix these mistakes).

Some common emergency payday loan expenses, such as home repairs, are as follows:

• Roof repairs like shingle replacement
• Water heater repair
• Foundation repair
• Siding repair
• HVAC system repair
• Sewer or water line repair
• Deck repair
• Septic system repair
• Pipe repair
• Mold damage
• Driveway repair

5. Utility Bills

Finally, to avoid late payments and fees, you can use an emergency payday loan for rent or utility bills. Often, failing to pay for electricity, water, and similar bills leads to late charges. Therefore, it's usually best to pay them as soon as they are due, even if that means taking out an emergency loan.

How To Get An Emergency Payday Loan To Pay For These Expenses

Our in-person application process for Tennessee payday loans takes about 30 minutes, and if approved, you'll get the money you need as soon as the same or the next business day. To get the quick and easy process started use the following steps below:

1. Complete the online form on this website. It takes roughly five minutes.
2. Wait for one of our loan representatives to give you a call to set up an appointment. They'll discuss the process and ensure you have everything you need to get your emergency payday loan.
3. Head to your nearest Tennessee Title Loans, Inc. storefront with your state-issued I.D., most recent 30-day bank statement, most recent pay stub, and a blank check from your open/active checking account.
4. One of our loan representatives will meet you and verify your documents.
5. Once they've ensured you qualify for approval, they will walk you through the final steps of the approval process, including the simple paperwork.
6. Finally, you receive the money you require for expenses on the same or the following business day.

While emergency loans can be used to cover essential expenses for you and your family, you should consider their high interest rates and use them only if you’re confident you can repay the loan on time to avoid further debt.

FAQs About Payday Loans

After being approved, how quickly can I receive my cash advance funds?

After completing the necessary paperwork and receiving approval at your local Tennessee Title Loans, Inc. store location, you could receive the emergency cash you are looking for the same day or by the next business day.

Can I use a payday loan for credit card payments?

Yes. If your situation worsens without payment and you don't have any other way to get money to make payments on your credit cards, a payday loan could be the right option for you.

How and when do I repay my payday loan?

Loan times may vary, but generally, your payday loan is due the next payday. Please check your loan agreement for the exact terms and conditions of your loan.

Can I get approved for a payday loan with bad credit?

You could still receive a payday loan regardless of bad credit or bankruptcy. Unlike traditional banking institutions, your credit history is not considered to be a factor when it comes to obtaining a payday loan.

Get An Emergency Payday Loan Today!

Whether the emergency payday loan expenses you need to cover are unexpected medical bills, repairs to your roof, car part replacement, or even to avoid late fees on utility accounts, an online payday loan in TN can help cover the cost.

Now that you know the most common payday loan uses, get started on your emergency payday loan application by filling out our online form and receive quick financial relief for unexpected expenses in as little as 24 hours. Our customer service representatives are waiting to help you now!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.