Meeting your Finances in Holiday Seasons | Credit Cards vs. Payday Loans

Holidays are here again
We are getting closer to Christmas Holiday seasons, it is customary during holiday seasons that you spend more. To prevent cash dry during the season, it is a quite observable phenomenon that most people over draws their credits thereby incurring debts that take years to break even with.

 It's November, some holidays are upon us and there is a cornucopia still to come. This means fun, family, and food. Unfortunately, for some, it can also mean financial struggles. On top of all the expenses that already come with this joyous season, people still have bills, emergencies, and unexpected situations. Many people turn to high interest rate credit cards that will haunt them for the next 6 to 18 months when they could have maintained their financial freedom by investing less than a month's time in a payday loan.

Credit cards are frequently changing their policies and increasing their rates. Because of these changes, it can take months or even years to pay them off because it is so easy to continue to add charges even when we have other means.

Payday loans offer an immediate solution to a financial emergency and are designed with full payment due during the next pay period. Because payday loans cannot be pulled out of your wallet at the drop of a hat like a high interest credit card, they are financially a much safer choice. Payday lenders can provide overnight deposit and easy access to funds. Payday loans are designed to relieve financial distress and avoid engaging in long-term debt.

Particularly during the holidays, when spending increases, people look for creative ways to solve their financial distress; however, they tend to get more in debt by using credit cards due to:

• The convenience of charging even the smallest purchases to a credit card, over time resulting in paying interest in excess of even the original purchase amount
• Elevated cost of bounced checks, overdraft protection fees, late bill penalties, and credit line extensions
• Increasing and ever-changing credit card interest rates

Payday loans help prevent a vicious cycle of debt by offering consumers who are employed (earning over $1,000 a month) and at least 18 years of age, a short-term solution to cover small, unexpected expenses between paydays, by avoiding bounced check fees, late credit card charges, and late payment fees.

Payday loans provide a broad range of people with a broad range of credit scores, inexpensive and secure solutions to their financial burden. Payday loans are by far the smarter financial choice.

When holidays are over then we rush to pay Back to school bills which are sometimes nauseating challenge when we are financially exhausted over the holidays.