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A single unexpected expense like a bad health or a badly needed carhome repair throws their budget planning off the track.
Some of them turn to their friends or relatives for financial help while others ask the payday lenders cash advance enrollment did not request short term loans. Where friendsrelatives may not ask for interest rates, but asking friends for money always has a side effect of hurting the relation one way or other.
Here online short loans offer a better way out. Some critics may argue that payday loans are expensive compared with other finance options of long term loans: example, 15 fee on 100 cash advance for 2 weeks that means 391 APR. But considering that these loans are offered for a couple of weeks, it is not appropriate to compare its cost with long term personal online loans ontario.
A short term loan is also easier to obtain unlike other long term finance options which require more documentation and guarantee.