Home»Privacy Policy; » Fast Cash Personal Loans - Get a Loan in One Hour With No Credit Check

Fast Cash Personal Loans - Get a Loan in One Hour With No Credit Check

Written By satu on Wednesday, December 11, 2013 | 7:11 PM

Are you having a financial emergency? Do you need fast cash? Personal loans from an online lender can be your answer - you can get one faster than you think.

And some of the financial institutions that offer these payday loans will lend you up to $1,000 with no credit check and have the money in your checking account for you to use within one hour.

Fast personal loans are intended to fill a gap between the amount of money you have now and the amount of money you need between now and your next paycheck.

That's because when you receive one of these cash advances the company that lends you the money expects you to repay them within two to four weeks. Instead of putting up collateral you will promise to pay them back in a timely manner.

There are a ton of online lenders that offer a payday advances.

    Most will electronically transfer anywhere from $100 up into your checking account within 24 hours.
    If you need the money even faster you should look for a financial institution that offers "no fax" or "faxless" payday loans.

Getting a no fax loan means that you can do everything from behind your computer.

You don't have to leave your home or office to find a place that will fax paperwork over for you.

    With these companies all you do is fill out an application that should take you no more than ten minutes to complete.

You then send it in over the Internet. Within minutes you will get either a phone call or an email whose purpose is to verify that you are who you say you are.

Once your lender verifies your employment (or other source of income) and your banking information the money you want will be transferred into your account. When it comes time to pay them back the money you borrow plus fees and interest will be debited from that same bank account.

Most people get payday loans to take care of some sort of emergency that has arisen, such as for getting their car fixed, or for medical emergencies, or for covering a check that otherwise might bounce.

The interest rates are relatively high - they can range anywhere from 10% to 30% of the amount of money you want to borrow. And that's just for the term of the loan.

What that means to you is that if you cannot repay it within the required amount of time - 2 to 4 weeks, depending on your lender - you will have to borrow the money again and pay an additional 10% to 30% every time you do that.

This could end up putting you into a vicious circle of borrowing money just to pay back what you borrowed a couple of weeks before.

Therefore, although these loans can seem like a lifesaver when you need them, please use them with caution. Only borrow what you really need and never borrow more than you can pay back out of your next paycheck.

Because rates can vary so much you might want to compare fees and rates with different payday loan companies before you decide which one is the best for you.


Share this article :


Post a Comment

Copyright © 2013. instant payday loan - All Rights Reserved
Supported by iCash Loan