We Bet You Didn’t Know These 5 Things about an Online Payday LoanWhat you don’t know about online payday loans could hurt you. We’re guessing that you have some assumptions about these kinds of loans, but that you don’t know the real truth. Before you pass judgement and decide that an online payday loan is not for you, make sure you know these important facts.
1. Thousands of People Rely on Online Payday Loans Every Week
This is not an obscure, alternative type of loan. Online payday loans are huge and popular with a lot of people, most of them just like you. The people who rely on these loans have jobs, and some of them have multiple jobs. Many of them have children and many are single parents just struggling to make ends meet in spite of working full time. Our borrowers rely on these loans to pay the bills, to make up for the few days before payday when the bank account is empty, to take care of emergency expenses, and to avoid paying late fees and other penalties.
2. An Online Payday Loan is Fast Cash
If you have only ever relied on traditional loans, you may not realize how fast an online payday loan can be. You can get approved in less than two minutes, but better yet you may find the cash appears in your bank account by the very next morning. Exactly how quickly you get the cash depends on the day of the week you apply, but most borrowers get the money by the next business morning, mostly in less than 24 hours.
3. You Can Apply for an Online Payday Loan with a Mobile Device
These loans are different from others in that you can access them online. You can apply online, get approved online, and get your cash through your bank account online and a money transfer. What sets our loans apart, though, is that you don’t even need a computer. You can apply for our online payday loans through a mobile app. From your phone or tablet, you have access to this fast cash and the ability to apply from any location as long as you have a signal.
4. Online Payday Loans Are Actually Affordable
One of the biggest complaints you’ll hear from naysayers about payday loans is that the interest rates are too high, that they fleece desperate people. The truth is more complicated, though, and our many borrowers actually find these loans affordable. Our online payday loans are for small amounts and short terms. Even with a higher interest rate, the actual payment you make in interest is small. This makes these loans much more affordable than bigger, long-term loans.
5. Online Payday Loans Are Safe
If the idea of applying for a loan online makes you nervous, you are internet savvy. You know that there are risks involved with providing sensitive information online. You should also know that our service is safe for a number of reasons: excellent encryption software, a promise never to sell your information to a third party, and deletion of your information as soon as your online payday loan goes through. These are the important things you need to know about online payday loans, and now that you do know them, you can make an informed decision about borrowing.
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