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.