Introduction: The salary of an individual is not enough even for him in this modern and day to day advancing world. Individual problems and emergencies regarding cash is the order of the day.
Just take a payday loan. This advance is easily available online, requires no documentation and is available at the click of the mouse even with a bad credit history. It provides money within 24 hours and that too through direct transfer to your checking account, thus rightly called a preferred cash loan.
Money Matters Money matters to all of us, especially to the salaried class that lives from paycheck to paycheck. When you have an urgent car repair bill or some emergency medical bills or even unforeseen hike in school fee of your children, you had better arrange for the required amount as soon as possible. At such times, a preferred cash loan is your savior. Why? Here are the reasons: o A preferred cash loan meets your urgent requirement as it provides you money within a few hours. o A cash advance of this kind is not a long term one, so you are never under stress of a burdensome loan. As soon as you get your next paycheck, just pay it off. o You can safely apply for it online as all your personal details will be secure and safe, as all online lenders have encrypted websites. o You need not give any collateral for availing this loan as in the case of traditional bank loans. However, because of this feature, the interest rate is a bit higher. Since the term is very short, the interest rate of even 15%-30% does not become such a big deal. o You can always get an extended term on your preferred cash loan, but be ready to pay the additional surcharge.
Another thing is that you have to give a post dated check to your lender at the time of borrowing. The best part about this feature is that you do not have to remember the pay back date. That is the worry of your lender! All you have to ensure is that the amount plus interest rate is available in your checking account for the lender to withdraw on the due date.
You get the loan amount irrespective of your credit history or bad credit score. And no questions are asked about how you use the money either.
Though all the points presented above appear to give you a rosy picture of payday cash loan, it is the rate of interest that appears as a thorn in it. The rate of interest charged is usually high. This is so because you do not offer the lender anything as a deposit. Hence he tries to compensate for by charging a higher rate of interest.
Just take a payday loan. This advance is easily available online, requires no documentation and is available at the click of the mouse even with a bad credit history. It provides money within 24 hours and that too through direct transfer to your checking account, thus rightly called a preferred cash loan.
Money Matters Money matters to all of us, especially to the salaried class that lives from paycheck to paycheck. When you have an urgent car repair bill or some emergency medical bills or even unforeseen hike in school fee of your children, you had better arrange for the required amount as soon as possible. At such times, a preferred cash loan is your savior. Why? Here are the reasons: o A preferred cash loan meets your urgent requirement as it provides you money within a few hours. o A cash advance of this kind is not a long term one, so you are never under stress of a burdensome loan. As soon as you get your next paycheck, just pay it off. o You can safely apply for it online as all your personal details will be secure and safe, as all online lenders have encrypted websites. o You need not give any collateral for availing this loan as in the case of traditional bank loans. However, because of this feature, the interest rate is a bit higher. Since the term is very short, the interest rate of even 15%-30% does not become such a big deal. o You can always get an extended term on your preferred cash loan, but be ready to pay the additional surcharge.
Another thing is that you have to give a post dated check to your lender at the time of borrowing. The best part about this feature is that you do not have to remember the pay back date. That is the worry of your lender! All you have to ensure is that the amount plus interest rate is available in your checking account for the lender to withdraw on the due date.
You get the loan amount irrespective of your credit history or bad credit score. And no questions are asked about how you use the money either.
Though all the points presented above appear to give you a rosy picture of payday cash loan, it is the rate of interest that appears as a thorn in it. The rate of interest charged is usually high. This is so because you do not offer the lender anything as a deposit. Hence he tries to compensate for by charging a higher rate of interest.
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