Quick Payday Loan – A Secure Way To Get Back On Track
A quick payday loan is a funding option that is available to almost anyone who has
verifiable employment and a checking account. When you apply for
payday loans online with Purple Payday Loans, we will submit your application
to our network of lenders and get you the cash you need fast. You’ll know in seconds
if you’re approved and for how much.
If you prefer to apply for your payday loan by phone, you can call us toll-free
at (800) 515-2429.
- Our 2-minute application is fast and easy to complete.
- Bad credit is not a problem. We specialize in bad credit loans!
- You’ll know instantly if you’ve been approved, for how much, and what the fees are.
In spite of the substantial fees and high interest rates that commonly accompany
a quick payday loan, there are numerous benefits that consumers can enjoy
when applying for and receiving funding of this type.
For those who need cash immediately a quick payday loan is often the most viable
solution. When applying in person for a cash advance or other like offer, approval
can be granted in a matter of minutes. Online application processes enable consumers
to have the approved funds routed directly into their checking accounts and this
can often be accomplished on the same day that the application is submitted. In
fact, some companies offer processes that can provide applicants with both approval
and funding in just under one hour.
Easy To Qualify For
There are few requirements that an individual must meet in order to receive a quick
payday loan. In most instances it will be necessary for an applicant to provide
proof that he or she is 18 years of age or older. In addition to personal identification
that lists the applicant’s date of birth, he or she must also supply proof of income
and current banking account information. Because lenders who offer funding of this
type will generally approve most individuals who meet these minimum qualifications,
there are efforts that are made on the part of the lender to secure the interest
of the lending institution itself. For instance, the forthcoming paycheck of the
borrower will be used as collateral against the loan, however, the exact details
of this portion of the agreement will be heavily dependent upon the local regulations
of loans of this type. There is a wide variety of loan options that people are able
to choose from, including agreements that allow for extended periods of repayment
and higher approval amounts.
The Real Benefits Of Getting A Quick Payday Loan
The typical quick payday loan is a fairly substantial lump sum that is paid out
to the borrower immediately after a fast approval has been issued. This money is
often sufficient for paying past due utility bills, paying for emergency dental
or medical expenses, expanding a dwindling budget for an important event, buying
groceries or gas or purchasing necessary work or school supplies. Cash advances
enable people with good and bad credit scores to access extra money easily.
In many instances the benefits of securing such a loan will outweigh the disadvantages
of less than desirable loan terms. For instance, the monies that are received from
such a loan can be used to avoid a utilities shut-off. The costs of having these
vital services restored once they have been disconnected as the result of non-payment
can be quite exorbitant. When this is the case, because of the short-term nature
of the loan, a quick payday loan will be a much cheaper alternative in spite of
the associated fees.
Selecting The Right Payday Loan
Each region or area will have specific payday loan laws that physical lending sites
must adhere to. For this reason, many loan companies have offers that are applied
for and processed entirely online, enabling people who formerly did not have access
to this type of lending arrangement, the opportunity to secure cash advance agreements.
Because of the proliferation of companies who provide cash advance services both
online and off, it is essential to find an efficient method for screening the available
offers. This is the only way that consumers can be certain to get maximum value
from any quick payday loan that they are able to obtain.