Quick Comprehensive Guide for Salary Loan

We know getting a salary loan is our last resort when we have already replenished our extra cash and borrowing from a friend or relative is not seemingly a fruitful option. When payday is still a week or a few days away, there are times when certain expenses will just pop up when you think your budget has finally been followed.

Reasons Why Filipinos Get Cash Advance & 24-Hour Payday Loan in the Philippines

Car Expenses

We are not talking about car financing here. While you keep reminding yourself about your car loan each month, you also have to know that there are other expenses your car will require besides diesel and regular carwash. You need to keep your car well maintained, and if you are too stingy to do it, or you are just plain unfortunate, you will have flat tires and air conditioning that does not cool your car, let alone your head during traffic or discharged battery. Also, do not forget your registration renewal.

Loan money to a relative or friend

While most Filipinos will avoid ‘utang’ as much as possible, we are usually willing to do anything to financially help out a friend or a relative in need, especially if that person has always been there during your tough times.

Pay Utility Bills

We know utility bills have their fluctuation tendencies. Meralco will suddenly announce their price hike when you think you have already done a fair share of following electricity-saving tips. If you miss paying your bills, you will end up swatting flies at night instead of sleeping soundly with an electric fan. You will have to ask your neighbor if you could buy a gallon of water because Maynilad cut off your water supply. Aside from survival, you must also swallow your pride since some of your neighbors will surely talk about you.

Buy Groceries

Filipinos are known to be very hospitable, we spend money we don’t have just to keep our visitors comfortable, and thus we buy more groceries than anticipated.

Time-sensitive Purchase

You might have been a well-paid individual, yet suddenly the item you have been eyeing for a couple of months went on sale, and you just need a thousand to get your hands on it. It is shameful to borrow from friends as they may look down at you and think you are just feeding your ‘luho.’

To Pay a Debt

Some debts will be less complicated if you pay now than later. As we know, debts, especially from 5-6, can balloon to double if you can’t pay on time. This usually happens if you are not careful and borrow from a loan shark. Getting payday loans online to prevent a debt from growing seems like a fair option.

To Avoid Borrowing Money from Friends and Family.

A lot of Filipinos value their pride, they are even willing to get a short-term and easy salary loan rather than asking for help from their families and friends.