A payday loan is a credit facility which in most cases is unsecured and small, around $500 and below which is supposed to be repaid on the next pay date of the borrower. The payday loan amount depends on the borrowers’ gross income and has a relatively high-interest rate and often taken in emergency situations. Crawfort is a financial institution based in Singapore and is regarded as an ideal firm for services such as the issuance of payday loans. With fully licensed services and advanced technology, they also boasts of highly trained and experienced staff.
There comes a time when an individual will be in dire need of money urgently, and the next best option is to borrow a payday loan. Below are some of the situations that can make any individual to seek a payday loan.
- To Pay Emergency Medical Expense
Any person can fall ill at any time even when you least expect it such as when you have little cash and calling a payday loan experts such as Crawfort can be the only available and fastest option. A payday loan can help you to finance your emergency medical bill and regain back to your healthy and industrious life.
- To Pay Household Bills & Other Necessities
Sometimes a person might fall short of cash several days before his/her payday, and a payday loan will greatly help you in covering your personal or family recurring expenditure.
- To Help a Family Member or a Friend
In some cases, we have people who are very close to us, and when they are in dire need of money in emergency situations, we are the only ones who can offer a helping hand. We, therefore, resort to seek a payday loan and sort them out.
- To Pay off the Surging Credit Card Bills
A payday loan can also be used to pay off your existing credit card loan and avoid huge interests or penalties on default. With efficient payday loan lenders like Crawfort, you can get your credit within a day and avoid being on the wrong side of the creditors’ book.
Crawfort has vast experience in issuing payday loans, and their friendly and qualified staff is always ready to attend to your financial needs. When faced with any of the above situations, they will efficiently process your loan within the same day and help you get back on the right financial track as fast as possible.
