National Payday
Loan Blog

August 15th, 2012 – National Payday is proud to announce the winner of our first annual scholarship fund essay contest! (more…)

By: Megan Bishop

Short term financing is beneficial to anyone looking for financial help. If someone is looking to take out a loan, taking out a short term loan is the smartest choice to make. The normal time frame for short term financing is about a year, but some last for as much as five years. If done right, short term financing can be very beneficial to anyone whether it is for personal financing or financing for a small business because it involves less uncertainty, has more of an availability, helps quickly increase credit scores, and is, in most cases, less costly. (more…)

By: Morgan Pitman

Everyone knows, well unless you live under a rock, that today’s economy is what most like to say, “in the toilet”. Many, ranging from young adults at the ripe age of 18 to those getting ready to, or at least hoping to, retire at 65, are left asking themselves how they are going to make ends meet and how they are going to make it through their current financial troubles. Short-term financing can greatly benefit the lives of these people. You see these current problems affecting young adults preparing for college. I know this through the process of finding ways to help pay for college, the same way most of you reading this also know and can relate. Just the financial aid offered to people is a help. Some people receive a lot of aid while others receive close to nothing (the majority of those/us currently attending college). It may not be much but it can help many people obtain better lives for themselves. Even though I personally did not receive much through financial aid it did help bring down my college bill. (more…)

By: Sydney Solan

My story about short term financing is a personal one; it takes place at a summer camp. Based on my experiences with summer camp, it is a place of personal growth, constant laughter and true friendship. It is a place of memories both cherished and embarrassing. My summer camp memories were made at Camp Frontier, a small coed camp located 35 miles south of the Skyway Bridge in Riverview, Florida. It is located on a masonic campground. The grounds have a lake, a lodge building, a lake, six cabins, horse stables, a sports field, a crafts hut, an infirmary a craft shack and ten acres of woods to explore. It is owned by the Collar family. Brian Collar, after losing his first wife, remarried Dianne Collar and received four stepchildren. They were like royalty at that camp. They knew that place backwards and forwards. Some were counselors, some were counselors in training, most were just campers, but they were like my adopted family. (more…)

By: Nina Jaliashvili

Financial Aid Short-term financing creates an avenue for individuals to obtain financial benefits for their personal use or business reasons. Such finances are extended over a period of three months or less to offer short-term relief. The amount of finances extended to an individual depends on their creditworthiness and size of collateral. When an individual requires financing for the business, it must be proven that the accounts receivables and inventories are growing. The inventory levels and amounts of account receivables will act as collateral that will determine the amount of finance to be offered by the lender. Before any financing can be extended to an individual, financial statements must be provided. They will be used to determine the credit risk that the lender will expect and the amount to extend. (more…)

By: Adam Bender

Sometimes, a little help can go a long way to benefit a person’s life. As a graduate student entering my first semester in the anthropology program at the University of Central Florida, I understand the importance financing has to an individual. Short-term financing allows an individual or small business to concentrate on providing goods or services to society while their costs are paid by another party. Although short-term financing is usually reserved for the entrepreneur domain, this essay is for a scholarship. Thus, I will limit my thoughts to the academic aspect of ephemeral financial aid. Similar to an entrepreneur, a student requires funding to afford the basic necessities, avoiding concern, and focusing on their education. Earning a degree entails study and research, actions that demand time and dedication with as little distractions as possible. (more…)

By: Getasha Doobay

Whenever thinking about our dreams and aspirations, we fantasize and yearn for the greatness, success, and satisfaction that result from accomplishing these goals. However, waking to reality we realize that these desires have a cost in the form of time, effort, commitment, persistence, sacrifices, and various necessary resources. One universal and primary resource for everyone in all their ambitions is money. Aside from the preceding key investments needed for achievement, majority of the time, these do not suffice without financial investment. (more…)

By: Lauren Brugger

Unforeseen expenses affect individuals every day. Whether the need for new car tires, a steep decline in income, or medical bills, short-term financing allows people to continue perpetuating forward in life. While short-term financing has its downfalls, such as interest, strict repayment terms, and added debt, the benefit of sustaining one’s financial stability is priceless. Responsible adults everywhere are struggling in the current economic climate, often living paycheck to paycheck even as they budget within their means and work to pay off debts acquired in a more prosperous time. Life events, such as unemployment, illness, and car issues, have the ability to wipe out a family’s savings and send them into survival mode. Without the availability of short-term financing, these individuals may fall further into despair. Short-term financing allows these individuals to continue to forge through the tough times towards a better future. (more…)

By: Stephanie Flores

Short term financing has benefitted my family and I tremendously. It helped my parents from foreclosure about seven months ago when we did not have the money to pay for our mortgage. We had to take a short term loan from the bank to save our home. My father has been unemployed for over three years and has no luck finding a job. My mother on the other hand was laid off from Citibank and had a job lined up, but the pay cut was severe and it did not cut it for the bills. My sister and I both work part time and with the little we make we help them with the bills. I am twenty one years old but feel like I am in my thirty’s, this depression has really hurt my family’s financial status and has put us to the test to save our home, keep the electricity running and also pay for our school. (more…)

By: Erick Vargas

In today’s fast moving, instantly gratifying economic world, a system of finance that matches or even parallels the speed at which business through exchanges of capital and goods takes place is extremely necessary and beneficial to individuals worldwide. Today, this system of finance or capital outlet is known as short-term financing; a procedure well renowned for its usefulness and reliability on an expedited notice. Within circumstantial scenarios, short-term financing can be invaluable to an individual in a world where capital dictates one’s success. From an individual purchasing a good or service to a small business in need of funds, short-term financing has been known as the “safety net” during rough times that consumers and businesses can count on every time. (more…)