29 Nov, 2019

Types of Payday Loans

If you depend solely on your monthly salary to meet all your daily needs, you are likely to fall short of cash someday due to any emergency expenditure. Payday loans can be an excellent solution for these temporary money shortages. Payday loans are very helpful in meeting your emergency expenses till you get your next pay cheque. There are various types of payday loans available that can come as a breath of fresh air and give you the much needed financial support. Bad Credit Payday Loans Bad credit payday loans […]

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If you depend solely on your monthly salary to meet all your daily needs, you are likely to fall short of cash someday due to any emergency expenditure. Payday loans can be an excellent solution for these temporary money shortages. Payday loans are very helpful in meeting your emergency expenses till you get your next pay cheque.

There are various types of payday loans available that can come as a breath of fresh air and give you the much needed financial support.

Bad Credit Payday Loans

Bad credit payday loans are suitable for individuals who have a bad credit history. Bad credit payday loan lenders do not care much about your credit history and are ready to give you money without seeing your financial documents. Your income will be the only consideration for a bad credit payday loan lender.

Only a small amount of money can be obtained through bad credit payday loans, but it can prove to be helpful if large companies have refused to lend you any money because of your bad credit history. Bad credit payday loans are also known as no-credit check payday loans.

No-Fax Payday Loan

A no-fax payday loan is similar to a normal payday loan; except the fact that the whole process of getting the loan is paperless. The borrower can obtain this loan from the comfort of home by just submitting an online application. The money is transferred to your bank account without the need to go to a payday loan shop.

No-fax payday loan lenders do not require written proof of your income; they usually confirm the accuracy of the information provided with the help of online databases.

Instant Payday Loans

Instant payday loans are helpful for people who are in an urgent need of money. The application is submitted online and it is reviewed by the lender in a speedy manner. The lender then contacts the applicant via phone or e-mail and if the application is approved, the cash is deposited in their account within 24 hours.

Although instant payday loans are a speedy option, they are costly as well because most lenders charge a higher fee for same day bank deposit service.

Low Fee Payday Loans

Low fee payday loans are payday loans provided at a lower fee or lower interest rate than the average payday loans. A good credit history is essential to obtain a low fee payday loan. This type of payday loan is usually offered by lenders to the first time customers.

30-Day Payday Loans

Most payday loans are to be paid back within 14 days of obtaining the loan, but if your pay cheque comes on a monthly basis, the lender may offer you to get a 30-day payday loan.

The fee charged on a 30-day payday loan varies according to how long the period is. Generally, a longer period means that a higher fee will be charged.

We are committed to offer high level of customer service. If you want to get a fast payday loan, you can visit our website and your money will be with you in 24 hours!

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