1500 Payday Loan Guaranteed Today: How To Get It Quickly?

Category: Questions & Answers

Gerard asked us the following question:

“I noticed that many lenders are offering loans that breach the $1,000 mark. Clearly, this amount is no longer just useful to buy a car tire, replace a busted pipe or buy medicine in an emergency. Where else can these loans be used to maximize the higher amounts?”Gerard, Cleveland, OH

Personal loans, like those in the UK and Canada, are growing in popularity among borrowers not only because they are easy and fast to get an approval even for people with bad credit, but the amount being lent out is also increasing and their uses are becoming more complex. However, a 2013 Pew Charitable Trusts study revealed that although many borrowers find renewing these loans easy, paying them back is hard.

We can think of three general purposes where you can use the higher loans to improve your financial situation. Keep in mind though that there may be other uses for packages like 1500 payday loan guaranteed today depending on your situation, but let’s focus on these three uses:

Restructure debt

Borrowers can consolidate their older loans from banks and other mainstream lenders with high personal loan products or guaranteed approval loans. A long-running debt costs money with a runaway interest and other late payment charges. By taking out a personal loan like 1500 payday loan guaranteed today, you can pay up the older debts and stop being charged with extra fees. The advantage of this strategy is that your new loan has a smaller monthly interest when compared to the old loan, which by this time, has already jacked up interests beyond the original monthly rate. Just make sure to pay the new loan on time to avoid racking up another set of runaway interest and extra charges.

Likewise, consolidating various loans makes it easier to track your payments and avoid payment delays. Sometimes a loan earns unnecessary interest all because the borrower forgets to pay it on time. Personal loans are often paid by automatically debiting the amount from your bank account or paycheck. This may sound intimidating—your salary will be forcibly deducted—but this gives you a strong commitment to fix your debts. It goes without saying that you’ll only take out a loan like 1500 payday loan guaranteed today if your income can afford the payments without jeopardizing your budget for everyday cost of living.

Emergency cash

A loan as high as 1500 payday loan guaranteed today can address issues in emergency situations, where the cost may be higher than just changing a flat tire. For example, what if the whole car is a total wreck? You’ll need something above a thousand bucks to fix it soon so you can go back to working properly. Likewise, if a storm damages not just the garage but a whole section in the kitchen and all its appliances, a bigger loan can surely help. The same logic applies when a medical emergency is complicated like getting a chemo treatment or a more sophisticated rehabilitation, for instance. If you’re a small business owner, who is short of extra cash to pay off salaries or suppliers, this loan can also be your bridge to your next revenue date. By paying your employees or suppliers on time, your business earns trust that makes key employees stay or suppliers give you higher credit.

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When not to use payday loans

Because of their high interest rates, payday loans should not be used to cover for everyday cost of living like food, rent, and utilities. The Attorney General of the State of Michigan, where payday loans are popular, advises that these loans should be used for short-term cash emergencies only to avoid rolling over the loan and being charged with exorbitant fees. If you use an emergency loan for non-emergency situations like food and home supplies, the loan that’s supposed to assist you can easily turn into your biggest liability.


For small business owners, a 1500 payday loan guaranteed today can help them stabilize their cash flow. A small business can end up with a lot of clients, but still fall short on cash to pay its staff while waiting for collection. Banks are likely to refuse small enterprise loans. But a personal loan with a bigger amount can be useful to pay the employees’ salaries. Furthermore, even if the interest is high, a business owner can easily transfer this cost to his clients, so his margin is still protected. In this scenario, the personal loan acts as an investment instrument for the business owner—the loan allows the owner to create more wealth (pay his staff to fulfill his clients’ projects and collect payment after).


The influx of higher loan amounts should be taken as an opportunity to fix your financial situation, not a chance to spend away more cash for unnecessary purchases. The three scenarios above show how to take advantage of bigger personal loans to better your money health.

By Jenny Chang

Senior writer at FinancesOnline who writes about a wide range of SaaS and B2B products, including trends and issues on e-commerce, accounting and customer service software. She’s also covered a wide range of topics in business, science, and technology for websites in the U.S., Australia and Singapore, keeping tabs on edge tech like 3D printed health monitoring tattoos and SpaceX’s exploration plans.

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