Short term personal loans also referred to as cash advance loans offer consumers a considerable advantage, in financial emergencies. Most payday lenders offer up to $500 but some choice lenders offer up to $1,000. This means that you can get a loan of $100 up to $1,000, depending on your income.
On a recent day, a customer, Nora had experienced, what we all dread. She woke up in the morning, prepared breakfast for her kids and readied herself for work, only to find out that her car wouldn’t start. That was the beginning of a series or phone call, anxiety and most of all financial hardship.
Payday cash advance loans, unlike the traditional loans that are offered by major banks or neighborhood banks, are easier to secure, when you have a financial obligation that has to be met immediately. Most consumers, can get a loan in a few hours to 24 hours.
Compare the time that it takes to get a loan from a traditional bank to the time it takes to get a cash advance loan and it becomes clear, why most consumers prefer these quick loans.
Attempting to get a bank loan, involves, meeting with a loan officer, presenting the current year’s taxes and that of previous years. Other required documentation include, pay-stubs, other outstanding loans, mortgage or rental evidence and that’s to name a few.
How Do I Get A Payday Loan up to $1,000, When I Need A Quick Loan?
The first step in getting an expedited loan, is to find a reputable lender. Not all lenders are created equal. Some, only offer loans of $100 up to $500. More popular and widely used lenders, can offer $100 to $1,000, with no hassles, as long as you meet the loan approval requirements.
How Do I Qualify For A Loan?
Popular to contrary belief, “unemployment” loans do not exist. This means that all applicants must be employed and have a steady source of income. This is how the lending business ensures that they will be repaid. The amount of money that you can borrow depends on how much you earn on a monthly basis. For example, if you make $1,000 per month, you will likely be denied for a loan request of $1,000 because you have to account for other expenses in your repayment plan – e.g. mortgage, rental, food, gas, etc. However, loan companies are flexible in working with customers to ensure that they get the cash they need, as fast as possible.