There many reasons people have for choosing quick loans like one hour payday loans when times are tough. It can be frustrating if you run out of money in your paycheck before you run out of bills. It sometimes happens, and for those times when it does, these loans can be very helpful. You may also have a situation where all the bills have been paid and you think that you are set until next month. A sudden expense crops up that you did not see coming. So much for having all of your ducks in a row. Certain months will go smoothly, and other months will be just the opposite. When an unpredictable month comes along, you will have a way to handle it.
A payday loan is a short-term investment that is meant to get you out of a sudden financial crunch. It will assist you with unexpected expenses until you receive your next paycheck, when the loan will be paid back. You do not want to take out a loan for every expense that arises, but for those times when money is needed right away, one hour payday loans will come in very handy and will get you out of a tight spot. Acquiring the money quickly will help you to pay your sudden bill without any fanfare.
You can either go to a cash advance store or obtain your funds through an online service. If you decide that you would like to obtain your funds online, listed below are a few facts to keep in mind.
The Simple Facts of One Hour Payday Loans
- A simple application, taking about five minutes to fill out, will be submitted through the Internet. In many cases, you will be able to get immediate approval, and bad credit will not hold you back, as credit checks are not performed.
- Online applications contain personal information, but you need not worry about your personal facts getting into the wrong hands. Since online lenders use very safe and secure websites in which to accommodate their customers, encryption methods are put into practice to protect all of your sensitive information.
- You will have to meet specific requirements to be eligible for a loan. You will need a valid checking account, home and office phone numbers, a valid email account and a steady income. You will also need to be 18 or older and a resident of the United States. Meeting these requirements will allow you to apply for one hour payday loans.
- When your loan has been approved, you will receive your emergency funds into your checking account through electronic fund transfer. Online lenders want to provide you with prompt service to enable you to quickly take care of your expenses. Lenders also know that not everyone has a checking account. If you have a savings account instead, there are lenders who will accommodate you by using your savings account in place of checking.
- The repayment of your loan will also be an automatic process, with the loan and applicable fees and interest being electronically transferred out of your account on the date that the loan is due to be repaid. You will not need to keep track of dates or remember to write up a check in payment of your loan, as your lender will take care of the details for you.
- If money is really tight, you may not have adequate funds to cover your loan when the due date comes around. You can request an extension from your lender, but you will need to request it in advance of the due date, and there is an additional fee for this option.
- Typical loan periods range from ten to thirty-one days, and loans can be obtained in amounts ranging from $50 to $1,000. A few lenders may be able to provide a loan for as long as 100 days, and other lenders are able to provide you with amounts over $1,000. Depending on your circumstances, you will want to use the online lender who can best accommodate your financial needs.
If you have a computer at your home or office, you can easily obtain the loan that you need. Fax machines may not even be necessary, as a number of lenders can assist you without the need for you to fax documentation. The biggest benefit of one hour payday loans is the ability to obtain your loan in such a short period of time. For those expenses that require prompt payment, you will certainly appreciate the speed with which you will have your money in your account to access as you need.
Online lenders will offer different fees and interest rates to their customers. You will want to ascertain what those fees and rates are before you apply for your loan to be certain that you will be able to afford them. When you find the online service that can provide you with the type of loan you require at the rates that you find reasonable for your budget, you will have the assistance you need for your bills.
When to Choose One Hour Payday Loans
These loans are a good option for those times when an emergency requires you to make payments with money that you do not have readily available. The next time you find yourself in such a situation, you can rely on an online lender to provide you with prompt service for emergency money. One hour payday loans will be the best way for you to have peace of mind in handling your bills.