It's Your Money Too: How to Be Sure You Always Have Access To Money

Saturday, February 14, 2009

How to Be Sure You Always Have Access To Money

I'm going to tell you how you can always have access to some emergency cash, whenever you need it. Don't be afraid of payday loans. Here's how they can really help you.

Sometimes life throws us a curve and we find ourselves in a tight spot where we need just a little more money to get us through until we get paid. If you've ever been caught short like this, you know how frustrating and embarrassing this can be. Well, you don't have to worry about that anymore if you'll just follow this method of using cash advances to build your credibility.

First of all, you're foolish if you believe that just by walking up to a money loaning business, they'll give you from $100 to $1000 just on your word alone. That's dreaming, my friend. They're in the business of loaning money and getting it back and if they don't know you, chances are slim that they'll lend you any money without some form of collateral. The one exception is if they've done business with you before and you paid them back on time. You've "established" yourself with them and they're more likely to loan you a little more the next time you apply for it. So, here's how you're going to get that money every time you ask. Just follow these steps and you'll have a guaranteed loan whenever you need it. You may never need it but a little insurance here goes a long way when a bad financial situation or crisis occurs.

First, you need to set this up at a time when you actually do NOT need any money. Don't wait until you become desperate and then expect some cash advance loaner to trust you in the spur of the moment. They won't and it will be difficult for you to get a loan.

If you'll apply for a small payday loan at a time when you have money you'll be setting yourself up for a quick loan when you do need it. Just fill out an application for, say, $200 and go ahead and get the loan. It may take a few days or you may have to put up some type of collateral. That's ok, just do it. Now, don't even think for one second of keeping that money. No way!

You wait three days, add your interest and pay the loan off. I repeat...PAY THE LOAN OFF!

Now, a week later, do the same thing for the same amount. Three days later, pay it off again.

Now, my friend, you've established yourself with a loan company. You've got some credence with them.

Next, wait a week and ask for a $400 loan. Again, you may have to show proof that you'll be able to pay the loan off. Give them that collateral if it's needed. Chances are, they may not even require collateral because you have proven that you can pay off your loans.

You have established yourself. Wait three or four days and pay back the loan. Every red cent of it.

Now, you've really established your credibility with the loan company. Don't blow it, whatever you do.

The next day, apply for another $200 loan from a different payday loan company and start the process over.

You don't even have to apply to just one payday loan company at a time. You can apply to several at the same time. Just make sure that you don't spend one single dime of the loan money. You pay it all back in three to five days.

Do this with five payday loan companies and you will have established enough credit with them that when desperate times come around, you have enough credibility to get five five-hundred dollar loans. That's $2500 that you will have access to when and if you need it (and you will, sooner or later).

This just gives you a means to get a fast and easy payday loan (which you WILL pay back, right?) when you need it. Rather than waiting until fortune spits on you and having to go through the frustration of finding and applying for all those loans and then having to wait to know if you're going to get the loan or not, you'll already know that you've got access to $2500 for emergencies.

Just don't abuse the trust that you've gained. Don't blow it. If you do, you'll find it very difficult to get emergency money next time you need it. Pay back the loan on time and keep your credibility maxed out.

If you don't have an emergency for say, three or four months and you don't need any quick payday loans, just start the process over again. It's not difficult and it doesn't take that long especially if you've had a job for a good while.

Use this method and be assured that there are always funds available when you get in a bind.