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Whatever financial predicament you find yourself in,  If you’re thinking about using a payday loan to pay bills, you’ve come to the right place. In this guide, we’ll run through everything you need to know about paying your bills with a payday loan.

 

How Much Money Can I Get With A Payday Loan?

You can borrow from $100 to $35,000 with a payday loan to help you through a financial emergency. If you find yourself in an unexpected situation and are struggling at the end of the month, you might consider if a payday loan is right for you. If it sounds like your best option, you can enquire today in minutes! Pheabs works to place hundreds of direct lending companies at your fingertips to assist you in getting the funds you’re searching for as quickly as possible. Just choose the amount you are looking to loan and your repayment terms and let Pheabs do the rest. 

 

Can I Pay My Bills With A Payday Loan?

Yes, you can use a Pheabs payday loan to pay your bills. It doesn’t matter what cost you are struggling with, as long as you will be able to pay it back. For example, you can use a payday loan to pay for an unexpected medical expense that isn’t covered by your insurance, or if you don’t have insurance. This is a particularly good option when time is of the essence. A payday loan could be in your account just one hour after approval! With Pheabs, you can also request 100% online without leaving the house, saving you valuable time, and getting the money you need into your account even quicker.
 

 

Can I Use The Loan To Pay My Rent?

You can use the money to cover rent costs if you fall short. This should only be used if you can’t pay rent because of a one-off emergency. Remember, a payday loan is not a long term financial solution! It would be best if you only chose to use a payday loan to solve an unexpected and temporary problem. Payday loans can be helpful but must be treated as an emergency cash source to be used once or twice in your life. It is sometimes best to check alternative options to get the money you need. You may want to think about borrowing from family and friends.  

 

Do I Know How Much I Need? 

If you don’t have an alternative way to source the funds, you must make sure to work out how much money you need to borrow. Only borrow what is necessary with your payday loan. Even if you qualify for a higher amount, do not over-borrow. For more significant amounts, you may want to consider an alternative loan. Always review your income when choosing how much to borrow and before accepting any loan to make sure you will be able to afford the loan repayments. Over-borrowing may make it difficult to meet repayments on time.

 

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