How to Get Your Loan Application Approved Every Time

Not many companies like to practice payday advance as such practices may have some downsides. Productivity may spiral down as workers tend to overspend the extra cash and slack in their work for the next period. It is a longer wait for the next paycheck which can be quite de-motivating to some employees.

Hence, companies prefer to keep strictly to their regular pay deadlines to avoid undesirable consequences with regards to pay. If there is any need to assist an employee in extra pay, it would be on a case-to-case basis or through a compassionate avenue where a love gift is given as in the case of a family bereavement or marriage.

Payday advances can be quite troublesome on the company's accounting books where a formal record must be taken to inform the external auditors at the end of the company's financial year. This practice is more frequent in small or entrepreneur type of companies. home