Payroll advances provide you with the opportunity to have financial independence from those who have loaned money to you in the past. It can be incredibly difficult to ask close friends and family for a loan, as it may be viewed as a sign of having mismanaged your finances. It is equally difficult to have loaned out the money and be forced to ask that it be repaid, knowing that at that point it is inevitable that either you or your friend or family member will feel the financial strain.

If you have borrowed money without being charged interest, the lender has already gone out of his or her way to help you. Obviously, the ideal is to repay the loan in a timely manner. With payroll advances, you can promptly pay a personal loan back by borrowing money from your next paycheck, without accruing additional debt.

When to Consider Applying for Payroll Advances

If your payday is right around the corner, a few more days may not be that big a deal. But, if your payroll is processed once a month, it can be a long time before you can repay your friends. Rather than forcing them to hound you for their money or feeling as though they're scrutinizing your every purchase to judge how you're using the money, you can pay them back with a payroll advance.

If the issue has already been pressed by the lender, that's all the more reason to take quick action to resolve it. Your friend may need the money very quickly, in which case you risk ruining the relationship over something that is easily avoided. The interest charged on a payroll advances will often pale in comparison to jeopardizing a good relationship with a friend or family member.