Online payday loans can help you today!
Are you struggling with overdue bills? Are you worried about where the money will come from before your next paycheck? Maybe you are in need of a payday loan. Payday loans help thousands of people every day get money fast in order to pay unexpected or emergency bills. With payday loans online the application process is quick and painless. You’ll just be asked to enter a small amount of information and about you and your finances and you will know immediately if you have been approved for a payday loan. Online payday loans are really the way to go! They are quick and truly effective. The amount of a payday loan is completely up to you, so don’t hesitate and let us help you today. Call our toll free number so one of our representatives can give you a no obligation consultation today!
Pay day loan eligibility
Just like with any loan you would receive from a bank or other financial institution there are certain qualifications you must meet in order to be eligible. In most cases pay day loans require the following:
1. The individual must be a US citizen
2. The individual must be 18 years or older
3. The individual must have a checking account eligible for direct deposit
4. The individual must have had steady employment for the past few months
Granted the last 2 qualifications can vary from lender to lender, but the majority of lenders stick to these as standards. Having a checking account eligible for direct deposit is common with online payday loans because that is the way your loan will be given to you. Showing the lender proof of steady employment is important because it assures the online payday loan lender that you will have a way to repay your loan (usually on your next payday).
Payday Loans explained
To put it simply, a payday loan is small loan, typically ranging between $50 and $1500 given to individuals who meet the qualifications listed above. Applications for pay day loans usually do not require a credit check and in some cases even individuals with bankruptcy in their past can be approved. Typically, payday loans are expected to be paid back by the individual’s next payday, which is where the loan gets its name. If the loan granted is larger than you can pay on your next payday then the lender may allow you to split the repayment up between several paydays. The lenders that provide pay day loans are not concerned with what you will use the money for, and in most cases they just want to make sure you qualify. People just like you use the help of a small payday loan to avoid missing due dates on important bills, pay for emergency medical services or home repairs, or even to buy an item at a discounted price that may not be there for much longer. If you are interested in learning more about how an online payday loan can help you just feel out our free application or call our toll free number today for a no obligation consultation!
Popularity of payday loans online
Online payday loans are becoming more and more popular because of how efficient they are. After filling out the online application and getting approved an individual can see the payday loan in their account within 24 hours! For years the only way a person could apply for and receive a pay day loan was to go to a freestanding store. Thankfully that’s not the case anymore! No more waiting in line or worrying about when the store may or may not be open; with online payday loans the entire process can be completed from the comfort of your own home. Some online payday loan lenders require that you fax in some information for the application but not us! We don’t assume that everyone has access to a fax machine and we make sure that our entire application can be filled out with a computer and an Internet connection. When you are approved for a payday loan online you will be given the amount of money you need, the repayment schedule, and a list of any penalties and/or fees associated with paying late.
Benefits of pay day loans
Money problems are running rampant in America. Due to the recession people are in between jobs more than normal and living paycheck to paycheck is unfortunately very common. People that can associate with this way of life find pay day loans beneficial for many reasons including, but not limited to:
1. Specific Amount – Pay day loans can be taken out for the amount you need, and the amount you know that you can pay back. If your struggle is a $400 emergency doctor’s bill then there’s no need for you to get a large loan from the bank for two or three thousand dollars. Having the ability to tailor the loan to your specific need will allow you to be confident not only in paying your unexpected bill, but in your ability to pay it back.
2. Quick Payback – Many people who take out pay day loans are surprised to see the lack of “red tape” regarding the method of repayment. Because pay day loans are given in small amounts it is easy for the lender to set up a simple repayment method with the borrower. As mentioned earlier, when you finish the application for a payday loan online you will be presented with the timeline for repayment which is usually based on your paycheck schedule.
3. No binding agreement in the future – One of the best things about pay day loans is the fact that once you have paid your loan back the transaction is over. The payday loan process can literally take 2 weeks from the time you apply online, get approved, receive your direct deposit and pay your lender back!
If you are interested in learning more about how a payday loan can help you please fill out our free online application or call our toll-free number to have a no obligation consultation with one of our representatives today!