Do people use short term loans because they are too embarrassed to borrow from friends?

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Whenever we find ourselves in a sticky situation it’s natural to turn towards friends and loved ones. In most situations they’re the perfect people to help you out with a problem. But when that problem turns out to be money it’s sometimes hard or even embarrassing to admit to those closest to you that you’re struggling financially.

For those people who would rather avoid this situation, could it be a lot easier to take out a payday loan to tide them over until pay day rather that fess up and take the embarrassment on the chin?

Short term loans tend to be taken out over a 31 day period. They are extremely easy to apply for and are available 24 hours a day, 7 days a week. Cash loans can take only an hour to process, decisions are generally instantaneous. No credit checks are performed and nobody asks personal questions about why you need the money or what you’re going to spend it on; unlike friends or family who could.

Taking out a short term loan can also be a cleaner way to go about fixing your temporary financial problems. With a friend or a family member, there’s always the possibility of added pressure about paying it back as soon as you see them, in whatever social context you find yourself. There’s also that potential nagging sensation that the person may question how you’ve spent the money and when you’re going to pay it back. You may even find yourself feeling accountable to them through no fault of your own.

There is an abundance of cash loan lenders online today, so when you find yourself struggling to make ends meet until your wages come through try taking out a short term loan before asking your friends or family members, it’s quick, easy and discreet. You never know, it may just save a lot of trouble further down the line.