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| # | Post Title | Result Info | Date | User | Forum |
| 5 Advantages of Payday Loans | 620 Relevance | 2 years ago | punjai | Payday | |
| If you have an emergency and you need money, payday loans are probably your best option. Unlike other types of credit, this type of loans offers a lot of advantages. Given below are a few advantages that can help you get a clear idea of the importance of payday loans. Read on to know some of the most prominent advantages. 1. Speed you can get a payday loan in a few hours unlike other types of loan. For instance, once you have made your mind to get a loan, all you have to do is apply online or walk into the office of the provider for applying. and within an hour or so, you will get the cash. With other types of credit, you can't get access to the money in a short period. So, speed is one of the top advantages of this type of credit. you can get the funds in a few hours. There is no waiting period involved at all. 2. No Strict Qualifications payday loans are easy to qualify for. Even if you have a bad credit score, you can qualify. all you need to do is let the loan provider know that you have a job and that you make enough money each month to pay back the loan. If you meet these qualifications, the provider will grant the loan. On the other hand, other types of loan require a lot of time consuming background checks before you get access to the loan amount. In some cases, the background checks take weeks to complete. as a result, you have to wait for a few weeks before getting the funds in your account. 3. No Cash advance Limits If you can get a payday loan, what you can do is get cash quickly that you can spend on whatever you want. On the other hand, with a credit card, the bank won't allow you to get the cash and spend it on whatever you want. you can use the credit card online; however, if you get the cash, you will be charged a very high rate of interest. Moreover, you can't get the same amount in cash that you can spend to buy stuff online. For instance, with some cards that have an online spending limit of $10,000, you can only get $2,000 in cash through an aTM machine. 4. Flexibility Flexibility of a payday loan is another advantage that you can get. you won't have any restriction as to where you can spend the money. On the other hand, with other kinds of credit, you have some restrictions to consider. For instance, if you go for a car loan or mortgage, you can only spend it on a car or a house. you can't spend that money to buy other things you may need to do your routine work. you are bound to spend the money on either a house or a car. 5. Convenience Typically, payday loan providers are easy to deal with. For instance, their working hours are more flexible. you may find providers that stay open until 9 o'clock. They may offer support through phone, email or a live chat system. This way you can get cash advance or a payday loan. Plus, you can return the loan without any problem. So, you can see that payday loans offer a whole lot of benefits. If you are in need of quick cash, we suggest that you consider taking out a payday loan. Hopefully, you will be able to meet your needs and return the loan as soon as you can. Do you have a financial emergency? If so, we suggest that you look for a payday loan direct lender [ ]. This is the quickest way to get some cash. article Source: article Source: why would you be denied a payday loan? What do I need to know about payday loans? Do I qualify for a payday loan? How much money do people usually borrow when getting a payday loan? How do I get a payday loan if I already have one? Can you be denied a payday loan? why would you not want to get a payday loan? Is it illegal to not pay back payday loans? | |||||
| 9 Things to Consider Before Getting A Payday Loan | 546 Relevance | 2 years ago | punjai | Payday | |
| Dealing with the financial concerns is not an easy task. you need help when you know that everything depends on you. If you are considering payday loans, read on to know what you should consider to make the right decision. Payback Time Remember: the payback time for a payday loan is around two weeks. If you fail to pay back the loan on time, you don't need to worry as you can contact companies that allow you to roll over the loan. you may have to pay some low fees but that won't be a big problem. Research your Options Going with the first lender you get in touch with is not a good idea. you will find good rates if you check out different lenders. It may take you some time but will save you a lot on the fees later on. Nowadays, you can compare lenders on the Internet. payday loan While applying for a payday loan, make sure you keep scammers at arm's length. For this, you can contact Better Business Bureau. aside from this, you should borrow as much as you need. By keeping the amount small, you will find it easier to payback the amount later on. Make Sure you Will Have Enough Funds Make sure you will have enough funds in your bank account to payback your loan after a couple of weeks. Even if you fail to make the payments, the lender will try to collect the funds. your bank will figure out the additional fees for making payment to the lender. as a result, it will become even harder for you to pay back the loan. Consider Direct Deposits Make sure you choose a lender that will use the direct deposit option only. With this option, the lender will deposit the funds directly into your bank account the following day. This way you won't have to carry the cash in your pocket. Cash advance loans Make sure you use the cash advance loans only when you have no other option. If you have some financial problems, you can get in touch with a credit counselor in order to control your finances. In other words, you should consider taking a payday loan only if you have no other options left. Comparison Shopping When deciding to take a loan, make sure you take into account the comparison shopping as well. One provider may be offering a lower rate of interest than the other. This way you can get the best deal. What you need to do is keep looking for a better lender. Don't Borrow too Much you shouldn't borrow too much. For instance, if you need only $2,000, don't borrow $3,000. It may be a bit tempting to borrow more, but the interest rates will keeping going up as you borrow more. Therefore, figure out the amount very carefully or you may get into a huge trouble. This Is a Serious Matter applying for a payday loan is a serious matter. If you take this decision without considering all your options, you may get into a serious problem. as a matter of fact, payday cash advances may not be for you if you know that you won't have enough funds in your bank account a few weeks later. The principal, interest and the additional fees must be paid on time. Long story short, if you really need money to deal with an emergency, you can consider other options, such as borrowing from a friend or relative. But you should never take out a payday loan unless you absolutely need it. Hope this will help. are you in a financial emergency? If so, we suggest that you get in touch with a payday loan direct lender [ ]. They can provide you with the required amount of money that you can pay back in a few weeks. article Source: article Source: why would you be denied a payday loan? What do I need to know about payday loans? Do I qualify for a payday loan? How much money do people usually borrow when getting a payday loan? How do I get a payday loan if I already have one? Can you be denied a payday loan? why would you not want to get a payday loan? Is it illegal to not pay back payday loans? | |||||
| Everything To Know About Payday Loans Online | 461 Relevance | 2 years ago | punjai | Payday | |
| payday loans are the loans which are granted for a very small amount of time on the guarantee that they would be repaid as soon as the next salary or income from their source of earning. Such loans have an extremely high rate of interest and are called by different names such as payday advance, payroll loan, salary loan, small dollar loan or cash advance loan. a payday loan can be offered to anybody irrespective of their credibility. The bank does not see the credit worthiness of the borrower in case of granting this type of loan as it is granted for only 15-20 days and is not long term. The borrower should, however, keep in mind that taking a payday loan would not increase his credibility in the market. He, nevertheless, should have a steady income, permanent bank account and a work experience of at least 6 months to avail this loan. Online payday loans are becoming more and more popular these days. One the best thing about online payday loan is its simple application process. The application takes less than 5 minutes to complete and the portal is usually open 24 hours a day. The borrower can simply file the application for the loan online and the funds are transferred by direct deposit to the borrower's account. The repayment of loan in such a case is directly withdrawn electronically from the borrower's account after he gets his next salary or after his post-dated cheque becomes mature. a list of the Direct payday Lenders is as follows: Check Cash: They give their approval application within 5 minutes by providing loans online or at their offices is U.S. CashAdvance.com: They provide an online payday loan once the customer is approved by checking his valid account and not any prepaid or savings account. Cash Central: This is one of the oldest payday lenders in the country with a 24*7 online application portal. MypaydayLoan: This too provides the customer with an approval response within 4 minutes of a completed application form. It is one of the largest of its kind in the country. Blue Trust loans: It funds loans between $300 to $1250 in almost every state. With a payoff time of 6 months approx.., these loans have no penalty for repayment. MoneyLion: They offer loans to almost every state in the country with varying rates and terms in each state. It has loan programs available for consumers on all ends of the credit score spectrum. Net Credit: It provides an instant approval decision with no borrowing limits for first timers. applicants are eligible for $1000 to $10000 loans. Maxlend: They have many different loans and terms and credit worthiness is not a criterion which is considered. It offers personal loans up to $1300. There are some jurisdictions which limit the amount of interest charged on loans including payday loans. Depending on the method used, the annual percentage rate (APR) of each loan may be different. In U.S.A, for example, the Uniform Small loans Laws (USLL) has fixed the aPR between 36% to 40%. The major advantages that these types of loans provide major profitability to the industry, welfare for the households is increased as people who do not require short term loans can avail long term loans easily and it provides a service which is unavailable in the market as the requirement of the loan is usually by people who have exhausted all their other options of buying short-term credit. This type of loans is also criticized by some people on the ground that they drain money from the low-income group communities by charging exorbitantly high rate of interest. also, in some countries, the collection practices of the lenders are extremely aggressive unlike in countries like U.S where there is a standard collection practice set by the law. Therefore, payday loans online [ ] are an effective alternative available to the borrowers who require short-term credit. There are so many banks and websites available online which provides this service. although, it has its own pros and cons this facility has helped millions, especially households in all parts of the world to cope up with the problem of instant money requirements. article Source: article Source: why would you be denied a payday loan? What do I need to know about payday loans? Do I qualify for a payday loan? How much money do people usually borrow when getting a payday loan? How do I get a payday loan if I already have one? Can you be denied a payday loan? why would you not want to get a payday loan? Is it illegal to not pay back payday loans? | |||||
| Things You Need to Know About PAYDAY LOANS | 445 Relevance | 2 years ago | punjai | Payday | |
| ... are borrowed for instant need of money and are to be paid back after the next wages arrives. Borrowers need to provide a postdated cheque of the amount to be paid to the lenders. If on the very particular day the cash amount is not received by the borrower, the lenders are eligible to deposit the cheque in their respective accounts, which in case if bounces can result in a hike in the paid amount because of the cheque bounce penalties together with the effect of notice period being over. Borrowers can also use electronic mediums to receive and pay the amoun ... | |||||
