Okay so we’re at the last part of this series on Choosing the Best Payday Loan.

If you’ve found yourself at this part via a link or search engine, and you’d like to start from the beginning then just click here now!

Honestly though, it doesn’t matter where you start in this series, because every element that I’m presenting is hugely crucial, but the truth is that number five’s element might be the most crucial of all. So let’s get straight to…

Element #5 – YOU and Your Situation

In the situation that you’re in, I can’t blame you for being antsy, nervous, and possibly a little bit overzealous.

Why do I say that?

Well, because you’ve got a lot of emotions running around in your mind and body all at once. You’ve got something to pay for, and no or at least not enough money to pay it. That’s stressful.

Maybe you’re in pain, because the reason you need the money is for a medical reason such as a toothache, or a sore back, or just pain that you always have but you can’t afford the medication to control it.

You could be scared because somebody is about to come shut off a utility that you NEED to survive.

Worse… maybe it’s not even you but a child. Now you feel hopeless.

There is any number of situations that you could be facing, and now on top of all that, you’re not sure if a payday loan is the right thing for you. And the truth is… it might not be.

What Are the Chances That You’ll Be Able to Pay This Loan Back…

Many people get into the situation of needing quick cash, but don’t ever really consider the fact about what happens when they get the loan. Sure it will feel good to get the loan and get whatever bill collector is hounding you off your back… or fixing whatever emergency has popped up. But when the next paycheck comes, are you truly going to be able to repay the loan?

That’s a huge and vital question that you NEED to know the answer to, because the fact is that if you’re not able to pay it back, it’s only going to increase your problem.

Like discussed in the second part of this series, the cost of the loan is a huge factor, and as you keep extending your loan, the cost continues to go up as well.

In other words, is this payday loan only going to get you in deeper trouble financially rather than fix the current problem? If so then it may be better for you to take another route.

If you’re in a situation where you know for a fact that this is a minor setback and that a short term loan will be perfect for you… and that you’ll be able to pay it back with flying colors and still be able to cover your bills for next month… then you should be okay.

But this is something that in the heat of the moment, most people don’t think about or take into consideration – and far too many people get themselves in worse trouble.

At the same time, it saves the butt of quite a few people as well. Only you know the truth about YOU and your situation. And if your situation is fine, and you’ve found a payday loan company that has all the other elements in place such as…

Easy application process…
Competitive cost of the loan…
Secure site with strong privacy…
Excellent customer service…

Then you should do quite well when choosing the best payday loan.