What is the best payday loan for you?

Posted by agoadmin on

If you are thinking about applying for a payday loan, perhaps to cover an unexpected bill or even some last minute holiday expenses, your may be wondering what is the best payday loan for you.

Different providers

There are a number of cash till payday providers ( on the internet and they may all have slightly different terms and conditions.

Some may have a slightly higher interest rate than others, but may charge a lower set up fee. Others may have a lower interest rate but charge higher fees. Some may have no set up fee at all. Some lenders may require repayment by your next payday whereas others may offer a next but one payday option.

What you need

Having decided that you’d like to have a fast cash loan, to find out what is the best payday loan for you (and remember, what is best for you depends on your individual circumstances, which means it may not necessarily be the best loan for someone else) you may need to start with a couple of basic questions:

how much you’d like to borrow
when your next payday falls
would you prefer a next but one payday option

Typically you’ll be able to use the figures on the websites of the payday loan providers to see how much your payday advance may cost you.

You may find that in addition to a fixed transfer and administration fee, you’ll typically pay interest on the loan calculated on the number days that you actually have it.

So a 30 day loan of say $500 ( until your next payday will typically cost you less than the same amount borrowed for 6 weeks. Depending on your own circumstances, the convenience of having the loan for longer may outweigh the extra interest charges. It may not.

(This general principle applies to any loan – typically the longer you have it the more you pay in interest.)

Bank overdraft

An alternative to a payday loan could be a bank overdraft. If for whatever reason though you are reluctant to approach your bank to ask for an overdraft facility then a payday loan may be a solution for you that could avoid you slipping into an unauthorised overdraft position – something that can often be very expensive.


It’s not that they are flimsy

Posted by agoadmin on

it is that they don’t get the same life wear as a car tire. They are basically good for about 4-6000 miles, depending on the kinds of roads you drive and how you ride. Because DH uses it as a daily commuter, we are putting on about 2000 miles a month, minimum.


The thought went through my mind

Posted by agoadmin on

We bought it to save money on gas (which has absolutely happened) and time (also has happened) so it IS doing what it’s supposed to do. This is the primary reason maintenance is so high–it’s being ridden close to 100 miles a day. It just floored me to see what the “real” costs are.


Just have to vent.. speaking of sinking funds..

Posted by agoadmin on

So the upside is: I guess I need to planning on spending a minimum of $2,000 a year on motorcycle upkeep.
We just cash flowed $308 !!!!!!!!!!!!!!!! on a SINGLE TIRE !!!!!!!!! Mind you, I bought FOUR tires for the car for $260 two weeks ago.
DH tried to save money on an oil change spending $30 vs $70. And then stripped out the oil plug. Do I want to know how much that’s going to cost me? Basically every three months, we will need to spend $600 on tires ($2400) and $280 on oil changes. OK, that’s closer to $3000 a year. OMG it just gets worse. That’s a freaking monthly CAR PAYMENT, and an expensive car at that.