Fast Payday Loans
Do you need an online loan but don’t want to go through the extensive bank procedures? Then a fast payday loan is what you need. With payday loans, you can often obtain a loan even with bad credit history. It’s a quick and reliable way to get finances as fast as on the very same day.
What is a Fast Payday Loan?
Payday loans are short-term personal loans with a credit limit that lasts until your next payday. They have rapid processing periods. Once you submit your request, you can have the money in your account as quickly as the next business day.
At GetCash, we provide fast and easy payday loans obtainable through direct lenders. With direct lenders, you remove the intermediaries, thus speeding up the process. A direct lender can be a bank, a credit union, or any other financial institution.
The benefit of requesting a quick payday loan is that you skip the waiting hours and long lines at the bank. The idea of having to spend hours filling out forms just to be told that you aren't eligible is not very appealing. With traditional means of requesting a loan, you have to maintain a good credit history. A bad credit history means that your request can be rejected. You can still receive an offer from a lender despite your not-so-perfect credit record. With fast and easy payday loans, you can avoid running out of money at the end of the month.
Requesting a Quick Payday Loan
The process for payday loans is very straightforward. All you have to do is fill out an online request form. In this form, you’ll have to provide a few details, such as:
- Bank account details
- Social security number
- Proof of income
There may be a few other stipulations, as well, that are put out by lenders:
- You must be a US citizen aged 18 or above
- You must be employed
- Must have a steady form of income
- Must have an active checking account
Once you send a loan request with the relevant details, it will be reviewed by a potential lender. Not to worry, though, as we connect you with a lender from a variety of lenders in our network, and you can potentially get an offer even with bad credit history. A lender will, of course, set the repayment terms and conditions accordingly. Pay attention to the details of your agreement, including monthly installments and interest rates. Quick cash payday loans usually have a credit limit of $1,000. Some lenders may allow you to borrow a more substantial sum, regardless of your credit record. Depending upon your and the lender's preferences, you can opt for either an online or cash transaction.
Online Cash Payday Loans
For those with active checking accounts, it may be easier to opt for the online transaction option. Once the lender gives you an offer and approves your loan, the money is then transferred to you. Online transfers are faster. Within minutes, you can have the entire sum transferred into your bank account.
In some cases, lenders require the borrower's written permission to extract money from their account as soon as their pay comes. This way, the borrower is relieved from the responsibility of transferring the money at the time of repayment. The lenders extract it themselves, provided they have the borrower’s permission.
Quick Cash Payday Loans
Some borrowers opt for cash transactions instead of online transfers. With payday loans, a borrower can also obtain finances from the lender's physical establishment. The flexibility offered by fast cash payday loans is a blessing for those in need of emergency cash. They don’t have to wait for the online transfer to be approved before they get their cash. They can obtain the funds directly and use it as needed right then and there.
Returning Payday Loans
Payday loans are essentially advanced paychecks, or are treated that way, at least. They have to be returned as soon as you receive your paycheck. However, some states allow you to pay back the loan in installments. The interest rate pileup for such short-term loans is high, so this may not be a very wise option.
In situations where the borrower is unable to pay back the loan on time, the lender may try to extract the money from the borrower’s bank account.
We at GetCash connect you with a lender from our network of lenders. You may receive an offer for a fast payday loan. With fast cash payday loans, you can cover any unexpected or emergency expenses.