Payday Cash Loans Or Parents? Which To Choose For Emergency Cash

October 7, 2021 | June Mckaig

payday cash loans or parental loans

You did it: you moved out of your parents’ house and are independent, but now you need payday cash loans. You love the feeling of being an independent adult, and you’re proud of being able to stand on your own two feet. (Plus: no more nagging!)

Being independent comes with a lot of responsibilities. You have to make your own food, do your own laundry, and pay your own bills. Should you ask your parents for help instead?

Hello, Adulting And Cashflow Problems

One of the first things you realize after you get your first paycheck is how quickly it disappears. Aside from food, rent, and utilities, you’ll see how little costs – like a morning coffee run or Friday night drinks – add up.

Even if you budget responsibly, financial emergencies can strike anytime. Your plumbing or car breaks down, or your wisdom tooth acts up and you have to get a root canal. Even moving to a “cheaper” apartment has unexpected costs – while you save on rent in the long-term, you have to raise money for moving expenses or deposits.

Since you’re just starting out, your savings may not be enough to cover these unexpected expenses. Do you ask your parents for help, or try to solve it on your own through payday cash loans?

The Pros And Cons Of Parental Loans

Going to your parents does have its benefits. They’re unlikely to charge you interest, let alone ask for any documents. However, they will ask you tons of questions about why you need the money and how come you ran out of money in the first place.

And you can be sure that they may not let you forget it—parents’ memories can be longer and more unforgiving than any credit history. Some parents may always remind you about how you had to borrow money for a loan.

Another con is that they may be going through financial challenges of their own. If they lost their jobs during the pandemic, they may be struggling on less income. If they lost medical coverage too, they are probably paying for health costs out of their own pocket.

emergency payday cash loans

Payday Cash Loans For Emergency Expenses

Instead of borrowing money from your parents, you may also be considering getting payday cash loans instead. These are simple, short-term loans that you pay off when you get your next salary. You can borrow from $100 to $400.

Unlike traditional bank loans, online payday loans TN do not require an established credit history. So, if you’re just on your first job and haven’t been paying bills for a long period of time, this can be an option worth considering.

Benefits Of Payday Cash Loans

Payday cash loans are a simple, fast way to raise emergency money even if you have low credit. Through Tennessee Title Loans, Inc., you can even get the money on the same day or the next day you start the process! So, if you need money as soon as possible, you won’t have to wait several days for the papers to be processed.

How Do Payday Cash Loans Work?

It’s really easy to qualify for payday cash loans, especially with Tennessee Title Loans, Inc. You can start your process online, then go on a quick visit to the nearest branch to complete the paperwork. Here’s how to get payday cash loans now!

Requirements

All you need to present is a government-issued ID, your most recent bank statement, your most recent pay stub, and a blank check from an active checking account in your name.

You must also be 18 years or older in order to qualify for online payday loans TN.

Process

  • Fill out the online form for Tennessee payday loans. All your information is confidential and is only used to contact you.
  • A loan representative from the nearest branch will give you a call. They will explain how payday cash loans work and answer any questions you may have.
  • After the call, bring your documents to the nearest branch location. A representative will verify your documents to make sure that you qualify. If you do, they will help you through the final steps of the approval process, including the simple paperwork. If you are approved, you will receive your money the very same day or the next business day.

payday cash loans

Adulting Challenge, Cleared!

Everyone goes through financial emergencies. Yes, even your parents had times when they were short on cash and had to find a way around it.

So, don’t worry when money problems arrive. You can find a way—whether it’s through payday cash loans, creative budgeting, or some other solution. Knowing that you did it on your own without calling your parents will actually make everything worth it.

Submit an online form today to learn more and find out if you qualify for this form of financial aid.