If you’re in need of cash because you’ve hit a tough spot financially, payday advance loans can be the key. While payday advance loans are not generally very large, they are large enough to ensure that you can cover gaps that your paycheck on its own cannot.
Here are some key advantages to getting a payday advance loan that you should know about.
Probably the most attractive thing about getting a payday loan at an institution like Better Than The Bank is that they are very convenient. With regular loan applications at traditional financial institutions, you need to often go in person to the bank during office hours along with a plethora of paperwork in tow, stand in queues, undergo all manner of scrutiny, and then wait days to finally get your money ‒ if you’re approved at all.
Payday loans can be applied for online at any time of day or night from the comfort of your own home, with minimal documentation required in order to get approved. Typically, you will be approved within 24 hours if all is in order, and you will get your money just as fast.
Payday loans have far fewer requirements than traditional loans. For starters, they do not require you to have a good credit score. This is critical for many people, as having a good credit score can be a major barrier to borrowing money.
Thankfully, payday advance loan lenders typically are not concerned about your credit history. Instead, they are more concerned with your state of employment, which is the main requirement for getting a payday loan.
Proof of a stable and regular income is important as it will also help the lender determine the size of the payday loan that you might qualify for since your payday loan will be backed by your paycheck.
One of the other appeals of payday loans is that they are unsecured. This means that you do not have to put anything up as collateral to provide surety to the lender that you will repay. The benefit of this is that you won’t lose your house, car or something similar if you struggle to repay. This doesn’t mean that there aren’t consequences for nonpayment, but it does make it easier for you to get approved, as you won’t need to put your prized assets at stake.
Apply for payday advance loans today through Better Than The Bank and get money in your pocket now without any hassle!