Payday Loans Pay Day Loan Poor Credit High Risk Guaranteed Loan
Written by: Steve
People have always wanted small term loans of small amount.
Payday loan fulfils this very want by providing a small amount
of loan, from $ 200 - $ 1000, which is sanctioned and deposited
to your account in a day's time. There are lenders who give you
a payday loan which you can return when you get your pay check.
So, mathematically, you have a maximum time of 30 days to return
Payday loans are a big plus if you need a small amount of money
in quick time. They are the best way to treat short term money
problems, which can be pending bills, debts or emergency
financial needs. Another major advantage of payday loans is
while applying for them, your credit rating is not taken into
consideration. So, even if you have a bad credit or not-so-good
credit you can freely apply for this loan. There is no
collateral for the loan, thereby making it an unsecured loan. So
you do not need to go to your company or a relative for a favour
to borrow money, instead apply for payday loan.
Applying for payday loans is easy. Lenders are easily willing to
lend between $200 and $ 1000 dollars. You approach the lender
and he will deposit the amount directly in your account. The
next day, you can withdraw the amount and spend it as you wish.
The rate of interest for a payday loan is usually 15 per cent.
However, there are certain criteria you need to meet before
applying for a payday loan. Most of the lenders would require
you to make at least $200 a week in order to qualify for the
loan. So, if you make around $1200 per month, any lender would
lend you money happily. Other than that you need to have a
current and active checking account, where the amount could be
deposited, and surely be the citizen of that country of at least
eighteen years of age. However, the key requirement that would
get you a payday cash advance is your employment or a source of
recurring income to pay off the amount borrowed.
On the whole, payday loans are immensely popular because of its
availability with ease and zero risk factors. So next time you
need some quick money in an emergency you know where to go. "
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