The modern pace of life can be vicious at times, leaving you with no cash when you need it urgently. If you had some small emergency or you simply lack money to get by until your next paycheck, applying for a payday loan might be your best option. If you evaluate the risks and your overall financial situation properly, the higher-than-average interest rates common for this type of credit won’t be a problem. The big advantage is, all kinds of payday loans, offered both in money shops and online, will provide you with the quickest application service possible.
Payday Loans from Money Shops
If you’d rather apply for a credit from the actual physical location, one of the countless money shops is your best option. You shouldn’t worry about the tedious process of application because despite a payday loan being an official type of procedure, in most cases, it takes no more than an hour. You’ll be handed out a pretty short application form where you’ll have to mention some basic personal information.
Normally, such information entails the following.
- your name/place of residence/social security number;
- the source of your income;
- your credit history.
Please note that even though the credit history might be required, it won’t really damage your chances if yours is bad as payday loan requirements range from soft to mild. After writing down the aforementioned information, you might have a brief conversation with the store’s lender and that’s it. You’re done within twenty minutes. All you have to do next is wait for your application to be approved and get your money without leaving the shop. Yes, it’s that quick.
Online Payday Loans
An even quicker service of application is offered by online type of payday loans. To apply, you don’t even have to leave your room because if you have an Internet connection, you’re ready to go. The process of application is the same, with you having to fill out an online form and mention your basic personal details, including the routing number of your credit card. Most sites will review your application within half an hour.
After getting confirmation, all that’s left for you to do is to wait for the money to be deposited into your bank account, which also happens quickly. So, as you can see, the service of online payday loan application takes a minimal amount of time, with you getting your money within a day.
Quick service is a pleasant advantage of any undertaking, and if you want to apply for a payday loan, you’ll be pleased to know that you won’t waste your time on paperwork. One short application and the credit is yours.