Payday loan: quick fix

Are you the type of person who likes looking for quick fixes for all sorts of glitches that you encounter in your daily life? If so, then you are probably not alone. After all, we all encounter these little glitches almost everyday. These glitches occur in almost all aspects of our lives and we just need to be able to iron them out the best we can. When it comes to our finances, glitches may occur more often than we want them to. But what can we do? As the French say, c’est la vie! Life is full of such surprises and we just need to take things in stride and try to find the easiest possible means of fixing problems.

Fortunately for us, there is such a thing as a payday loan that serves as a quick fix for certain financial glitches. I would like to emphasize the term certain here, though. This is because a payday loan is not meant to deal with all sorts of financial problems. There are certain parameters whereby a payday loan can work best.

A payday loan is a short term loan that was designed with temporary financial problems in mind. It is meant to solve cash flow problems that are temporary in nature and that fall within a certain amount range. As such, a payday loan cannot be used for astronomical purchases that span a long period of time. Being a short term loan, a payday loan can be availed of within a very short period of time. This time frame will definitely vary from one payday loan lender to another but in general, a borrower can expect to have his money from a payday loan within 24 hours or a couple of days at the most. In addition to this, a payday loan needs to be paid off within a relatively short amount of time as well. Again, the specifics will vary from one payday loan lender to another but you can expect to have to pay off your payday loan within the next 2 weeks to a month. The repayment period is timed with the payday of the borrower – hence the name of the loan.

How would you know if you can avail of a payday loan? The best people who can tell you the exact requirements would be the payday loan lenders themselves. You can visit the web site of any payday loan lender and you will be able to get the specific information that you need. There are some basic requirements, however, that most payday loan lenders have set down. These include the following:

– the borrower must be a citizen or a resident of the USA

– the borrower must be at least 18 years old

– the borrower must have a stable source of income (this can be a job or a self-owned business)

– the borrower must have a current bank account

If these basic requirements are met, then the chances are that there will be no problems availing of a payday loan. In truth, you would have the money that you need within 24 hours more or less.… Read full

Get approved quickly with a payday loan

I still remember a harrowing experience I had about a year ago. My credit card company sent me a leaflet saying that I was qualified for a special promo wherein I could get a loan approved with no requirements. All that I needed was to make sure that I had credit remaining in my card – that is, that I hadn’t used up my credit limit. I just had to give them a call and I would have the money within 3 days – no questions asked.

At that time, I really needed some extra money so I thought to myself, why not give it a try? After all, you just had to pay a small fee and then they would NOT charge interest on the loan. The catch was that they would put the loan repayments on the credit card. Still, I thought it was a pretty good deal.

So I called them up. That’s when I had an inkling that things were not as they said it was going to be. First of all, the customer service agent I talked to said I was not qualified. I asked her how come – I got that leaflet in the mail after all. Why send me that if I didn’t qualify anyway? Second, I asked her what the qualifications were because I have never been late in paying my bill. She said she couldn’t disclose it. So I said never mind.

The next day I got a call. It was another representative saying that I was qualified. So I said alright, give me a loan. She got my details down, gave me a reference number, and said that I would have the money in 3 days max. Guess what? Three days came and went – I had no money. I followed it up, they said the next day. And so the story went…7 days and no money.

The problem was with the approval. They assured me that only one more day and it will be approved. I said no, never mind, I don’t want your product.

Does this sound familiar? Well this is one BIG problem when it comes to loans. Approval is almost always “guaranteed” – that is, until you actually apply for the loan. It irks me to no end that they do this.

It is a good thing that payday loan lenders actually live up to their word when it comes to approval of loans! My experience with them is nothing short of miraculous when it comes to speed. With payday loans, you can apply for a loan in the morning, get approved in the afternoon, and REALLY have your money in your hands – or bank account, for that matter – by the next day.

When it comes to speed, it seems to me that payday loans cannot be beat. So if you find yourself needing money FAST, I suggest you scope out payday loans for your convenience. Forget about the hassle and false promises that you might get from other lending institutions.… Read full