Guaranteed Payday Loans In 15 Minutes Even When You Have Poor Credit History!

In Credit Score of CreditGuru (April 6, 2024 8:07 am)

Would you wish to get payday loans in 15 minutes?? Unfortunately, emergencies tend to crop up all of the time. When your car breaks down, or the water heater in your home goes on the blink, it can be a pretty scary thing. In order to take care of things, you need fast money. You would not have any problems if the money was there for you to use.

But, what are your alternatives when you do not have the money to spend? You can count on Payday Loans In 15 Minutes or fast cash loans to get you out of these predicaments. The following are just a few interesting facts about fast cash loans.

Approval Requirements For Payday Loans

It is not hard to apply for a payday loan. There are two different ways to to go about doing this. Either go to your local check cashing establishment or go online and find a viable lender. You can get Weekend payday loans online on Saturday, Sunday and even bank holidays Unlike with a traditional banker, the requirements for such a loan are not stringent. You have to be at least 18 years of age and have verifiable employment. Also, you must have a bank account with direct deposit and a debit card.

Bad Credit Is Okay

You might not think so, but stellar credit is not required. This is one of the few times in which you will not need good credit to gain loan approval. This is why these types of loans appeal to the average person. As long as you can fulfill the described requirements, your credit history may sometimes not be checked. So, if you have unpaid credit cards, bankruptcies or foreclosures, they may not affect your ability to get a fast cash loan. Fill out an application and you will have your money within the next 15 minutes to 24 hours.

It Isn’t A Huge Amount Of Cash

With a fast cash loan, you cannot borrow a large amount of money. The loan sum is about the same total of your weekly paycheck. This is why it is called a payday loan. It is a temporary solution for when you need money in between your pay dates. As a result, this type of loan is usually for less than $1,500. But, you most likely will have to work your way up to the top loan amount. You will be allowed to borrow a smaller amount until you have built up a relationship with the lender. However, as time goes on, you will be allowed to borrow higher amounts.

Lender Tags You As A Risk

A fast cash loan is a very risky venture for lenders. As a result, payday loans are not known for having appealing interest rates. Remember that you have no history with the lender. The lender is taking a huge risk on the fact that you might not pay the loan back. The lender is approving an unsecured loan that is not backed by guaranteed assets. This is why you will pay a lot of money for the convenience of borrowing money in a short amount of time without any type of credit check. There might be a way to do a little comparison shopping between available lenders. But, you will find that they are all basically within the same range.

The Electronic Bank Account Process

When your application gets approval, then the money is electronically placed into your bank account. This is a short term loan that you must pay back to the lender on your next payday. Simply put, the lender is going to take the same amount of money out of your account in two weeks. In addition, you have to have not only the amount of the loan but also the additional interest amount that was tacked on to the loan in order for you to borrow the money.

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