Are you short on cash and in need of immediate financial relief? Fast cash loans can offer financial help that you need, when you need it. Being caught in between paychecks can be really frustrating, especially when unexpected expenses crop up from nowhere. Obtaining cash is now made easy with fast cash loans or payday loans. A fast cash advance loan features many benefits that traditional loans do not have.
- 100% Online Application
You can now apply for instant money without leaving the comfort of your home. This convenience feature of fast cash advance loans is made possible through online application. Payday lenders have established quite a niche in the World Wide Web. Applying for a fast cash loan online will only take five minutes of your time. There’s no need to send in documentations. Once approved, you do not even have to drive all the way to the lender’s office to get your loan request. These conveniences can only be delivered by online fast cash loans.
- Flexible payment options
Normally, payday lenders offer unsecured loans which borrowers need to pay within 30 to 45 days. They also offer alternative payment options if borrowers request to extend the loan. With with fast cash loans, you don’t need to pay for late charges and NSF fees. Simply call your lender and request for loan extension.
- No multiple payments, no long-term financial commitment
Obtaining cash using your credit card will cost you a lot of unnecessary fees. Those who decide to make minimum credit card payments will have to keep up with paying high interest rates that need to be paid over a longer period of time. With fast cash loans, all you need to do is provide the lender with your checking account information and they will automatically deduct the full loan amount on your next paycheck. Long-term financial commitment is simply out if the picture when you decide to take out a fast cash loan instead.
- Next day fast cash loan approval
Why wait for days or even weeks, when you can obtain the money that you need with payday loans. Majority of lenders will send out your loan request within 24 hours. The longest waiting time for borrowers is 48 hours- not bad at all compared to the frustrating waiting time that borrowers need to endure when applying for loans from traditional lenders.
- No hidden costs
Since payday lenders need to abide by state and local regulations, they are obliged to disclose the interest rates and fees up front to customers. This makes it easy for borrowers to anticipate how much should be paid on the next payday. It also enables borrower to decide the loan amount that they can request without being late or short on payment during their next paycheck.
- No faxing
Since fast cash loan application is facilitated online, borrowers are not required to fax documents to lenders for approval. Regardless of loan amount requested, lenders only need basic information to approve a borrower of a payday loan.
- 24/7 online application
Unlike traditional loan application that can only be done through the bank during business hours, borrowers can apply for payday loans at any time of the day. Online lenders also operate and process applications during weekends, so borrowers are sure to get their loan request during the first working day of the week.
- Maintain a good credit score with fast cash advance loans
Since payday lenders do not perform credit checks, borrowers feel secure that their flawless credit status is not tarnished in any way. By utilizing payday loans, you are approved of an unsecured loan that does not damage a rather excellent credit record.
- Customer service support
Online payday lenders offer outstanding customer support at any time of any day. Borrowers who have inquiries regarding their loan can simply send an email or chat with a customer support representative. Most lenders have hotline numbers so you can talk with an actual person and clear out things about your loan application.
Two easy steps in payday loan application
- 1. Fill out an application form
Fill up an online application form found on the main page of a payday lending website. Make sure to go through the entire page before hitting the submit button. Fill in all the spaces and only provide accurate and honest information. Although payday lenders do not perform credit checks, they will most likely give you and your employer’s business a call for authentication purposes. Giving out misleading or inaccurate information will result in your loan application getting denied.
- 2. Check your bank account after 24 hours
In the application form, you are deemed to provide your checking account or savings account number. Make sure that your account is active so the loan amount request can be sent right away with no problem.
Take note that payment for the loan and loan fees are going to be deducted from your account once your paycheck comes in. This is added convenience since borrowers do not need to personally make the payment to lender’s office.
The biggest benefit that borrowers get from fast cash loans is financial security. Despite the fact that payday loans only offer short term relief, they do offer reliability and convenience that traditional loans fail to deliver.