How do you handle a sudden bill that occurs because of an emergency situation? Do you swallow your pride and borrow money from a friend or a member of the family? If you need to pay the expense rather quickly, it may take too much time to acquire a loan through a bank or your credit card. Fees and interest may also be too high, creating further financial problems for you to handle. You have one other option, and that is to obtain a payday loan, or cash advance, as they are sometimes called. You will receive the fastest service if you look into 1 hour payday loans.
A payday loan is designed to give you cash for sudden bills that arise when you are between paychecks and do not have the needed money to pay the expense. Loans can be for any amount from $50 to $1,000. The loan period will usually be from ten to thirty-one days, and the loan is most often paid back through the next paycheck that is received.
Many individuals who need emergency cash go to their computers and look for an online lender. As long as you have a valid checking account and meet a few other requirements, you can acquire your cash by this method and have your bill paid in no time. It is one of the most convenient ways to get quick money for a bill that requires prompt payment.
You will receive a number of benefits through 1 hour payday loans.
- Nothing can beat the convenience of going to your computer, filling out an easy application, submitting it online, and getting immediate approval for your loan. The funds will be deposited into your checking account through an electronic fund transfer, and you will have immediate access to it in order to pay your bill.
- You may be wondering what requirements will need to be met for you to be eligible for 1 hour payday loans. Besides needing an active checking account, you will also need to be 18 or older and a resident of the United States. Home and office phone numbers are required, as well as an email address. A steady income is also needed, amounting to $1,000 a month after taxes have been taken out.
- If you are afraid that you will forget to make your payment when the loan is due to be repaid, you need have no worries about it. Repayment will happen automatically, with the loan, fees and interest all being electronically withdrawn from your account on the appropriate date.
- An extension can be granted to you by the lender if you require one. There may be situations where you may not have sufficient funds on the due date to repay the loan. By receiving an extension, you will have additional time in which to get the required funds together. Remember, though, that an extension will incur an added fee.
For those sudden expenses that come along at a time when you do not have the cash, 1 hour payday loans can provide you with the necessary funds and get you through the period of time until your next paycheck arrives. Since the loan will be repaid from that next paycheck, you will find yourself exactly where you were before the bill occurred. You may find 1 hour payday loans to be so convenient for you that if the situation arises in the future where you again need emergency cash, you will know this is how to obtain it.