7 Things You Need to Know about Payday Loans before ApplyingPayday loans and lenders are criticized and even villainized by many people, especially so-called financial experts. What these people don’t know is how real people use the loans. If you have ever asked, “Is there a loan office near me?” and realized there wasn’t one; if you have been denied loans because of bad credit; or if you have been in situations in which you needed cash as soon as possible to ward off a disaster, you know that payday loans have a place. Here are some other things to know.
1. Do I need a loan office near me? No, you don’t
Most people don’t realize this, but to get a loan or a quick cash advance, you do not need a loan office or bank. You can get payday loans online or through a mobile app. Lenders working online realize that not everyone has access to loan offices, especially during regular banking hours, so they came up with an alternative.
2. You can apply for payday loans any time
Stop asking if there is a loan office near me, and start asking where can I find these loans online. With both a website application and a mobile app, access to payday loans is more convenient than ever. You can literally apply any time that is best for you, including nights, weekends, and holidays.
3. Payday loans aren’t based on credit
Approval for payday loans is not based on your credit score, unlike many other types of loans. It’s based instead on your income, job history, the fact that you have a regular payday, and having a valid checking or savings account.
4. Borrow only what you need with payday loans
Also different from traditional loans is how much you borrow with payday loans. You do not have to be forced into a loan that is too big for you. The choice is yours so that you can borrow only what you need and not get overwhelmed by too much debt you’ll struggle to repay.
5. Get approved for payday loans in minutes
This process goes fast. You’ll apply in minutes and get an answer in less than 90 seconds in most cases. When you apply your information goes to a lender pre-screened in our network. That lender then makes sure you get a quick answer, which is most often approval.
6. Get payday loans cash the next day
With such a fast process, you also get your cash fast. You can expect to have money in your hands by the next business morning after getting approved. If you apply on Thursday afternoon, there should be cash in your bank account, transferred there by your lender, by Friday morning.
7. Repay payday loans quickly and easily
For more information about Green Leaf Loans, the products and services they offer, and how to apply, please visit GreenLeafLoans.com