Life can be unpredictable sometimes, especially when it comes to money.

Just when you seem to be making progress with your finances, your car breaks down and needs repairs, or the washing machine needs to be replaced.

Or perhaps the increasing cost of living has really taken a bite out of your income, making it difficult to make ends meet.

In times like these, you need just a little bit extra to get you through a short period of time.

A cash loan of around $500 is ideal for many people who find themselves with a small but unexpected bill.

Unfortunately, many lenders have a minimum loan amount of $2,000, and a minimum loan term of 12 months.

This is where payday loans come in: a small loan for a few weeks.

Keep reading to learn more about what a $500 payday loan could be used for.

1. Emergency expenses

One of the most common uses of a $500 loan is to cover emergency expenses, such as car repairs.

Many of us rely on our cars to get to work, so ensuring our vehicles are road worthy is essential.

While $500 might not be enough to cover major car repairs, it could be ideal for smaller things.

For example, if you need new tyres to pass your warrant of fitness, or your brakes need new pads, a payday loan would likely be enough to get you back on the road.

2. One-time purchases

If you need to make a one-time purchase, such as a new appliance or furniture, but don’t have enough cash on hand, a payday loan can be a good solution.

Rather than waiting to save up for the item, a payday loan can provide you with the funds you need now so you can buy what you need without delay.

3. Bill payments

If you’re struggling to keep up with bill payments, a payday loan can help you avoid late fees, overdraft charges, or disconnection of services.

Using the loan to cover your bills can provide you with peace of mind and help you get back on track financially.

4. Opportunities

Sometimes opportunity knocks on your door, and you need to act fast to take advantage of it.

Maybe you have been offered a job or business opportunity that requires some upfront investment, like taking a course, buying some gear or new clothes.

Or maybe you’ve found a good deal on something you’ve been wanting to buy for a while.

A payday loan can provide you with the funds you need quickly so you don’t miss out on the opportunity.

5. Travel

These days many of us live away from our whānau, friends and loved ones, so we sometimes need to travel for significant life events.

This is especially true when someone we love is sick, or has passed away. Or it could be for something happy, like the birth of a baby.

Situations like this may require urgent travel, so taking out a loan could be a good idea if you don’t have access to the cash required for the trip.

Can you get a payday loan with bad credit?

If you have bad credit, it may be difficult to borrow from some lenders who have strict rules about lending to people with poor credit scores.

With Sweet As Money, we understand that having a bad credit score can make accessing money difficult.

Having bad credit isn’t a deal breaker for us.

We subscribe to positive credit reporting, which means making regular repayments will help you rebuild your credit score for the future.

Need a $500 Cash Loan today? Apply online now. It's easy.