{"id":208,"date":"2019-05-03T15:18:18","date_gmt":"2019-05-03T15:18:18","guid":{"rendered":"https:\/\/www.hooplaloans.co.za\/blog\/?p=208"},"modified":"2019-04-30T15:19:01","modified_gmt":"2019-04-30T15:19:01","slug":"5-emergency-reasons-for-guaranteed-payday-loans","status":"publish","type":"post","link":"https:\/\/www.hooplaloans.co.za\/blog\/5-emergency-reasons-for-guaranteed-payday-loans\/","title":{"rendered":"5 Emergency Reasons for Guaranteed Payday Loans"},"content":{"rendered":"<p>Between 2000 and\u00a02006, Ghana&#8217;s debt fell from <a href=\"https:\/\/www.cgdev.org\/blog\/chart-of-the-week-new-african-debt-crisis\">120% GDP to 12%<\/a>. Mozambique&#8217;s also feel from 200% to just over 20% in a similar time period. Unfortunately, many of these countries are gradually accumulating more debt.\u00a0<\/p>\n<p>But, while debt comes with its own set of issues, there are some instances where a loan is the only way out. And, payday loans are a particularly good way of paying for bills and other items quickly.\u00a0<\/p>\n<p>Here are five emergency reasons for guaranteed payday loans that you may not have considered:<\/p>\n<h2>1. To Pay for an Emergency Expense<\/h2>\n<p>In Africa, <a href=\"https:\/\/www.un.org\/africarenewal\/magazine\/special-edition-youth-2017\/africas-jobless-youth-cast-shadow-over-economic-growth\">the youth unemployment rate<\/a> is extremely high. This means that many have to get loans in order to pay for expenses such as bills. But, paying the bills isn&#8217;t the only reason you may want to consider a payday loan.<\/p>\n<p>With a guaranteed payday loan, you&#8217;ll be able to cover emergency medical and auto expenses, for example. You&#8217;ll also be able to pay for your rent and groceries if you fall a bit short one month.\u00a0<\/p>\n<h2>2. To Lend Money as an Emergency<\/h2>\n<p>Sometimes, you have to bail loved ones out of trouble. They may owe a company a lot of money. Maybe they had high medical or auto bills one month.\u00a0<\/p>\n<p>If they can&#8217;t apply for a payday loan themselves, you can do it on their behalf. A\u00a0payday loan gives you access to the funds you&#8217;ll need to help them out of their predicament.\u00a0<\/p>\n<p>Be careful when lending friends and family money. Make sure that you trust them. Also, make sure that you have the money to pay the loan back if they can&#8217;t. If they don&#8217;t pay you on time, you may face some very high interest rates.\u00a0<\/p>\n<h2>3. If You Can&#8217;t Get a Bank Loan<\/h2>\n<p>Another reason you may want to apply for a payday loan is if you can&#8217;t get a bank loan. This is because <a href=\"https:\/\/www.hooplaloans.co.za\/howitworks\">payday loans work differently<\/a> to bank loans.\u00a0<\/p>\n<p>With a payday loan, you apply for the loan through a secure system. Then, various lenders will review your application. A company will accept your offer and tell you the rates. Once you agree to the terms of the loan, they will deposit the money into your account.\u00a0<\/p>\n<h2>4. If You Have a Bad Credit Rating<\/h2>\n<p>If you have a bad credit rating, getting a loan can be challenging.\u00a0A payday loan doesn&#8217;t require a credit check. With this in mind,\u00a0a lender is more likely to accept your application.<\/p>\n<p>Moreover, you&#8217;ll receive your loan more quickly as they won&#8217;t have to take the time diving through your credit history.\u00a0<\/p>\n<h2>5. To Pay a Bill With a Higher Interest Rate<\/h2>\n<p>If you miss a payment on another loan, you may find that your interest rates become higher. Luckily, you can use a payday loan to pay off another debt.\u00a0<\/p>\n<p>Aside from helping you avoid higher fees, it may save you from getting a black mark on your credit score.\u00a0<\/p>\n<h2>Get Your Guaranteed Payday Loans From Hoopla Loans Today<\/h2>\n<p>Guaranteed payday loans are a great way to get out of short-term sticky financial situations. But, before you agree to a loan, make sure to choose the right lender.\u00a0<\/p>\n<p>At Hoopla Loans, we give your loan application to multiple lenders so that you get the best terms. To find out more about our services, <a href=\"https:\/\/www.hooplaloans.co.za\/contact-us\">contact us<\/a> today.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between 2000 and\u00a02006, Ghana&#8217;s debt fell from 120% GDP to 12%. Mozambique&#8217;s also feel from 200% to just over 20% in a similar time period. Unfortunately, many of these countries are gradually accumulating more debt.\u00a0 But, while debt comes with its own set of issues, there are some instances where a loan is the only &hellip; <a href=\"https:\/\/www.hooplaloans.co.za\/blog\/5-emergency-reasons-for-guaranteed-payday-loans\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;5 Emergency Reasons for Guaranteed Payday Loans&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[40],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Emergency Reasons for Guaranteed Payday Loans | Hoopla Loans<\/title>\n<meta name=\"description\" content=\"Between 2000 and\u00a02006, Ghana&#039;s debt fell from 120% GDP to 12%. Mozambique&#039;s also feel from 200% to just over 20% in a similar time period. Unfortunately,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hooplaloans.co.za\/blog\/5-emergency-reasons-for-guaranteed-payday-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Emergency Reasons for Guaranteed Payday Loans | Hoopla Loans\" \/>\n<meta property=\"og:description\" content=\"Between 2000 and\u00a02006, Ghana&#039;s debt fell from 120% GDP to 12%. Mozambique&#039;s also feel from 200% to just over 20% in a similar time period. 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