A Payday loan is a huge benefit for anyone who has experienced financial problems and knows what it’ like to be caught in the middle of the month without cash. Many of us live from one pay day to the next, running out of cash during the month and having no one to turn to until our next paycheck. who hasn’t experienced an unforeseen financial emergency such as school fees, an unexpected medical bill or car repair just when we can least afford it? When this happens the financial stress of being without funds can be so crushing we just don’t know which way to turn or who to ask for help. That’s when the Payday loan can become a real lifesaver!
How the Payday Loan Works
Pay day loans are small, short-term loans provided by lenders who charge a flat, one-time lending fee. The loans granted are typically around $500 – $1000. Unlike regular long-term credit loans, the length of the pay day loan is short – usually until your next payday, or around 30 days – although some lending companies are more flexible on this, depending on their lending policy.
If you are looking for a quick cash solution to your financial problems or cash-strapped emergency, then this type of short-term loan could be just the answer you’re looking for.
Instant Cash in your Bank Account
The great benefit of these loans is that they offer INSTANT cash, which means that whatever your financial crisis, you will have the money you need in your bank account within 24 hours of applying for the loan.
Another great benefit is that these short loans are quick and easy to obtain – and almost everything is done online. and the good news is you can qualify for a short-term pay day loan even if your credit rating is poor. The loan does not depend on your credit scores. in order to qualify, all you need is steady employment, and a valid bank account.
These short term loans are specifically designed for financial emergencies, and involve a simple, painless lending process. There’s no hassle of filling out dozens of forms. The whole loan application is done easily online – and within minutes!
How do you know whether you qualify for a quick Payday Loan?
You would have an almost 100% chance of being approved for a pay day Loan if you meet the lending criteria below:
- You have a fixed monthly income and are employed by a reputable company
- You have been employed for the last 6 months
- You have an active bank account
- You are over the age of18
So the next time you’re in a cash crisis, remember there is a way out with a short-term, quick-cash, no hassle pay day loan.