Louisiana still hasn’t really recovered from Hurricane Katrina after all these years. Many of us are still finding our feet again, so getting a cash advance in Shreveport, LA has been, for many, that little extra head start that helps us keep our bearings.
Of course, many others will use a cash advance in Shreveport as “free money”, which, in the long run, only digs them deeper into debt. It’s important to know when and when not to consider a cash advance in Shreveport, as not every situation calls for a payday loan.
When To Consider a Cash Advance in Shreveport
The most obvious example of a situation that justifies a cash advance in Shreveport is, of course, when your rent or bills are due, and you don’t have the cash on hand to pay them.
This is a problem that is, first of all, locked into a time frame. You can’t wait until your next paycheck to pay the rent, you need the money now. This applies to a number of things like food, car payments and so on. The people we owe money to expect it on time, and to make sure everything is in order, it’s generally wiser to pay the interest on a cash advance than it is to pay the late fees later on, or even risk having things shut off.
Secondly, this problem revolves around something very important. You can’t live without food, water and electricity. You can’t get to work without your car, etc.
Of course, there are some exceptions. You should never take out a cash advance for something that you can just as easily buy a week from now, for instance, that new HDTV that just came out. It’ll still be for sale a week from now, so why put yourself in debt buying it today? On the other hand, suppose that HDTV is on sale, for one day only, at sixty percent off? As long as the sixty percent you’re saving amounts to more than the interest on a payday loan, then you might want to consider it.
In essence, a cash advance is there as a sort of a “grace period” you give yourself on bills and rent. It’s there to get you money now when you really need it.
The people loaning this money are running a business, it’s not a charity, but they can be real life savers when you really need them. If you have bills or rent due and you don’t have the cash on hand to pay them off in time, owing a little interest on a payday advance is a lot better than losing your home, car or job because you were short on cash.