Have you found yourself in a bit of a financial struggle, and you can’t wait until your next paycheck comes? Are you wary of asking friends or family for a loan, and don’t know if your credit is good enough for getting a bank loan? Then consider cheap unsecured loans that can be applied for right online. It’s simple and easy, and best of all, you can have your money in as little as just 24 hours!
Unsecured loans are the easiest way to get the cash you need fast, with no hassle. There are just a few simple requirements that will need to be met when you need a loan:
- 18 years of age
- Checking account
- Employment
Basically, if you meet these 3 things, you will probably be eligible for cheap unsecured loans. But lets just look at how these loans work so you know what you are getting into before you apply.
No Credit Check
Credit is a big deal nowadays. You see ads all the time offering advice on credit scores, how to fix your credit, etc. You have to have good credit to get a loan at the bank. But what about those who don’t? What do they do when they need a loan? That’s the beauty of cheap, unsecured loans. You don’t have to have good credit to get approved for cash. In fact, the companies will never even check your credit score! So now matter how much your credit is ruined, you can always apply with the knowledge that your credit history won’t come into play.
Additionally, if you have a repossession or bankruptcy on your report, you are still almost guaranteed to get a loan. So for a large majority of the population, cheap unsecured loans from a payday company are the way to go.
Apply Online
You can apply online, any time of the day or night, for a payday loan. You can do so from your home, from a laptop at your local coffee shop, in the library or at work! Wherever you have Internet access, you have the ability to apply for a loan. Don’t waste your time or gas by driving to your local payday loan business, if you even have one near you. Instead, jump on the computer and apply today.
The process is simple. Fill out your personal information, such as name, number and address, and then move on to filling out your checking and employment information. You may or may not have to send in, typically by fax for faster service, verification such as pay stubs and checking account information. Some companies are no-fax payday loans, where you simply fill out the online form and the company does the verification themselves, with no additional information from their customers.
The Loans
Cheap unsecured loans can generally be received in amounts from $100 to $1,500. For every $100 that is borrowed, a finance fee will be charged. This can be anywhere from $10 to $30, so be sure that you can pay this back when the loan comes due. Depending on a few factors, such as payday loan laws of the state, how much you bring in per month and the individual company, you can borrow a certain amount from the company you have chosen. This loan will be due back on the date of your next payday.
Many times, borrower’s find that they cannot pay back the amount due like they originally thought they could. If this happens, there may be another option available, known as a rollover or extension. With an extension, you have the option of simply paying the finance fees due on your loan on your original due date, and the principle of the loan will be extended until your next pay day. Remember, though, that you will then have to pay the same finance fees again, with your loan payment. However, this is an excellent option if you have borrowed more than you can pay back right away, or need to hold off for another pay period.
Don’t get stuck waiting for your paycheck with no money. Consider cheap unsecured loans to get you through that tough spot before you get paid. It is simple, secure and easy!
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