1 hour payday loans and instant decision, bad credit OK
What are one-hour payday loans? You might ask. Well, these are short term online loans that work best in emergencies. The loans have a term of up to 2 weeks.
Usually, you need to repay the loan once your paycheck arrives. This is why it is advised against using the loans for long-term financial needs. An example includes paying your outstanding debts. The loans are meant for short term expenses like car repairs, and related situations.
Ideally, there is no type of loan referred to as one-hour payday loans. The reason is that no lender can go through your loan request form and approve the funds within such a short time.
On the positive side, it is possible to apply and qualify for a payday loan within 24 hours( i.e one business day). The trick here is to apply for the loan early. If for instance, you apply for the loan on a Monday, 2.00 pm, expect the cash to reflect in your bank account by Tuesday 2.00 pm
Defining 1-hour payday loans
As we said, 1-hour payday loans don’t exist. Even if you apply for the loan in a physical store, it is still impossible to get the cash within one hour. It takes time for the lender to go through your application form and determine whether you are approved.
Online loans are popular due to their fast approval process. GreendayOnline for instance is a referral agency that connects borrowers to over 100 lenders in the country.
When can I apply for 1-hour payday loans?
1-hour payday loans are the regular payday loans. Many people apply for payday loans when they have a financial emergency. It may be your car has broken down on your way to work or you have a medical emergency.
It may also be that you need to pay for your child’s school trip or you need some cash to cover a budget gap before your paycheck arrives. Unemployment payday loans in 1 hour are also unrealistic as lenders may not lend to people without a job.
1-hour payday loans with no credit check
Payday lenders do not consider your credit score as one of the qualification requirements. Instead, they perform a soft credit check to determine whether you can afford loan repayments.
So yes, no credit check loans are available. Lenders know that most people who apply for payday loans do not have a stellar credit score. They, therefore, want to make sure that you have a reliable source of income before approving your loan request.
Why GreendayOnline and not a direct lender
Applying for a payday loan from a direct lender has many benefits. But on the negative side, it means that you will only be looking for a loan from one lender. So what if you don’t meet their requirements? What if your application form gets rejected?
This means that you need to find another lender and start the whole process all over again. This will only inconvenience you when you need money fast. If you apply for the loan from an in-store location, it also means spending more time and gas to travel to the loan store.
Why go through the hassle when help is just a smartphone away? You can apply for a payday loan online within a few minutes and get an immediate response. Besides, there are over 100 lenders in our network who are all willing to offer you cash when you have an emergency.
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