We all get down on our luck. Sometimes we're a little short, sometimes unexpected things happen, and in general, life doesn't always go as planned. When that happens, those of us with bad credit or no credit at all can have trouble getting help. Payday loans are the answer, and something everyone should have in their back pocket when things get rough!
Is it a good idea to get a payday loan?
Ideally you would never need a loan of any kind, but getting one is certainly not a bad idea. If you are strapped for cash and are about to default on something and those are property, for example, it would be silly not to get a loan as quickly as you could. It's situations like these were no one else is there to help, a payday loan is actually the smart idea.
What are the advantages of payday loans?
Pay day loans offer the main advantage of needing very little credit to start, and getting your money almost instantly. You're technically borrowing from yourself in some senses, paying the loan provider partly with your next paycheck or two. When you need an advance on your paycheck in your employer won't do it, that is the main advantage of a payday loan.
Can I go to jail for not paying back a payday loan?
In extreme cases yes, but it is very rare. We are not sure if we have ever met or heard of anybody that actually went to jail for not paying back a payday loan. If you were to have an issue, it would be approached just as any debt collector would.
What are the pros and cons of payday loans?
The pros of getting a payday loan is getting instant money that's financed by your existing paycheck that will arrive on a Saturday. It is fast, efficient, and requires very little in the way of good credit. The downsides of a payday loan or that you have to go through the trouble to get one, have to be sure to pay it back, and can potentially take out more money than you can pay back if you're being dishonest. As long as you're honest, there really is no downside! There is of course a small fee.
Do Payday loans hurt your credit?
No, not necessarily. If you pay back payday loans, then there really isn't anything bad about them. People get them all the time, they tend not to talk about them though, so we all think they're mysteriously underhanded. Not paying back loans hurts your credit. Taking out loans builds your credit.
What are some alternatives to payday loans?
The main alternative is asking your friends and family for money. If you have that to tap into, however, we don't think you would be here searching for payday loans!
Where can I borrow money ASAP?
On any of the trustworthy sites mentioned here of course! Including using this very site itself. Payday loans are the quickest and most convenient way to get money when you have no one else to turn to.
Can you get denied for a payday loan?
You can, but it is very rare. To be denied for a payday loan, you pretty much have to have a well-known history of taking out loans from the same provider and not paying them back. If that doesn't describe you, you're most likely going to get a payday loan!
What app lets you get money before payday?
It depends on the loan provider, but all of them tend to have different apps and services they use to transfer your money and hold it securely.
How can I get an advance on my check?
You would do that by asking your employer, but should they say no, a payday loan provider would be happy to help. If you want a further loan advance from your loan provider, you simply ask!
What apps pay same day?
It isn't really about the app but the provider that will determine whether or not you can get money the same day. Please contact your loan provider to find out if that's applicable to you. It works for most!
How do you ask for an advance on a paycheck?
Simply contact support of your payday loan provider, and you will have the equivalent of an advance on your paycheck as if they were your employer! You can of course ask your employer for an advance, but most businesses don't actually do that.
How does cash advance work?
Using a payday loan, you simply sign a contract with them and you'll get your cash advance in short order. You are technically taking out a loan from them in order to get the cash earlier, which has all the normal terms that you would expect of a loan. The main one being that you need to pay it back, and they're being a small fee.
How can I get immediate money?
Simply go to the website, fill out a form, and you can get the process started as quickly as possible! If you qualify, you could even get instant cash benefits, such as a prepaid debit card. A payday loan is pretty much instant money, or as close as you can get to it.
What is the average payday loan amount?
The average payday loan tends to scale with the average monthly paycheck, which tends to be on the order of two to $5000 a month. Sometimes they go higher, into the 10,000s of dollars. It is very rare for them to go higher than that, however. They are usually reserved for paying off items on time to avoid fees, bail, and things of that nature. If they were using something else as collateral, they can go a lot higher, but people only get paid so much! Ask yourself how much you make in a month, a few months, or a year, and you can get a good idea of the maximum amount of loans you can get.