CashNet USA

Like auto-insurance companies, the payday loan industry understands that accidents happen. Every year, there are millions of automobile accidents, causing physical injuries, property damage, and even death. When property damage and injuries arise, some drivers may seek out payday loans to cover the costs of the accident and/or the resulting unpaid bills.

While a payday advance can function as a safety net by covering smaller costs associated with auto-accidents, such as an insurance deductible, doctor's visit, or utility bill that has gone unpaid as an effect of the collision, these types of loans are not large enough to cover the full cost of such accidents.