Payday loans no credit check are extremely easy to get, and that’s both a good thing and a bad thing. It’s great that you can always get your hands on one if you need it, but some people react poorly to having such easy access to money. If you notice any of these 3 warning signs in your own life, you should think about steering clear from these products for the sake of your own financial health.
#1: You Have Recurring Credit Problems
The first thing that you should consider when evaluating whether you can trust yourself with payday loans no credit check is your own past credit behaviour. If you’ve found yourself with a history of unpaid credit card debt, loans on which you have defaulted, or even full-on bankruptcy, payday loans may not be the best product for you. Even if none of your credit woes have ever become so severe that they have completely derailed your life, you should still take their existence as a sign that payday loans no credit check might make your problems much worse. They are small and easy to get, so they don’t seem like such a big burden to take on at first. That changes quickly once you start stacking payday loans on top of other loans without keeping track of how much your debt is piling up.
A whole 4 in 10 insolvency cases in Canada are directly due to the burden of too many payday loans, so there is documented reason to believe that these loans can be a hazard to those who are not prepared to deal with them responsibly. Be vigilant to ensure that you do not become one of them! Instead of dipping your toes into the world of payday loans, you might benefit from attending some credit counselling education to make sure that you’re on the right track to improving your habits.
#2: You Often Have Trouble Making Ends Meet
Another reason you might consider steering clear of payday loans is if you find yourself continually running short of money for basic expenses at the end of each month. A payday loan is not a bad idea to help you get through a particularly financially demanding month or to make up for something like a temporaray cutback in hours. In these cases, it is a specific one-time solution to a problem that you know will end and that you are unlikely to experience again in the future. Getting some extra money to help you out by taking out a loan will alleviate the pain of this temporary problem for relatively little cost, and when you’re done with it, you won’t need to resort to that action again. That’s exactly the type of situation that payday loans are meant to help with.
If, however, you know you are constantly finding it very difficult to scrape together enough money for basic daily living, you have a more long-term problem on your hands. A payday loan might bring temporary relief, but once the full amount you receive has been spent, it can no longer be useful for you in this way and you’ll just have to deal with the next instance when you run short of money anyway. This will only make it easier for you to fall into a destructive cycle of borrowing, something which you should do your best to avoid. You will be far better off if you instead put your efforts towards improving your general money management for the future so you could cut the problem off at the source.
#3: You Have An Addictive Personality
An addictive personality is one of the most crippling psychological problems a person can have, even though it is not at all their fault if they do. People with this type of mindset are consistently drawn to behaviours that make them feel good even just fleetingly, no matter how destructive those behaviours become. They will find an indulgence that appeals to them and will easily become addicted to it in very little time. Often, this will show itself in a pattern of negative behaviour that may get so bad that it warrants professional intervention: gambling issues, smoking and drinking, obesity or even something like video game addiction can all be signs of an addictive personality. People with an addictive personality do not necessaily lead terrible lives outside of their pleasure-seeking impulses, although many do have unsatisfying careers or home lives that make the urge to make up for that in other ways that much stronger. In fact, it is speculated that there is a genetic component to the problem that will never go away no matter what, even though it can be mitigated with appropriate coping strategies.
You do not necessarily have to have a history of gambling problems, overeating or any obvious vices like that in order for this to be a part of your psyche – it’s just very likely that you do as a result of how addictive personalities work. However, even if you haven’t actually run into trouble like this and still suspect that you might if you were to be adequately tempted, it’s probably a good idea to stay away from payday loans. Too many people find the easy money they provide to be too much of a temptation to resist coming back to them again and again and again, and before you know it, you’ll have paid a mountain in interest fees and other charges.
Borrow Safely With Payday Loans No Credit Check Through Us
Now that you’ve given the matter some thought and are prepared to do what it takes to borrow safely, you can start looking into getting payday loans no credit check. The hard part is already over, but you can make things even easier on yourself by taking advantage of Bonsai Finance’s intuitive online tools to find yourself some payday loan offers to look over. Choose whichever of them suits you best and you’ll only have a few more minutes to wait before you get your money – it’s that simple.