Loans Till Payday – WHAT YOU NEED TO KNOW
Loans till payday are meant to lend a helping hand to those who need cash fast and have the income to repay the loan back the next pay date.
When you request a payday loan from 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.
As long as you have a job, you will have no trouble requesting loans till payday.
Even if you have bad credit, you can still apply for payday loans. with minimal credit checks
The process is easy and quick with cash available within a day or less and if you apply early enough the same day.
Keep in mind the interest is high. However, you can apply to a few companies. Once you receive offers, you can select the loan with the lowest interest rate.
The interest will also depend on the length of the term. Most companies offer 30 or 60-day loans. Several companies offer longer terms such as 90 or 180 days.
If you need a short-term loan and do not have access to credit cards, this may be the only way for you to get money quickly.
HOW TO GET THE FUNDS
Once you apply, you will receive offers by phone or email. In many cases, you will not have to visit a local branch. Some companies will deposit the money into your bank account within the next business day.
If you do not have a bank account, you may have to use a local company. However, you may find a few companies online that do not require a bank account. However, the interest will be significantly higher.
You can expect to pay up to $40.00 or $50.00 for each $100.00 increment borrowed. If you shop around for loans, you can find companies that may offer lower rates such as $20.00 per $100.00 borrowed.
Your repayment terms will depend on how you are paid. For example, if you are paid every two weeks, an automatic withdrawal from your bank account will occur every two weeks. You choose the date the withdrawal will be made.
WHAT IF I MISSED A PAYMENT?
If you miss a payment, you need to contact the company immediately. You will be charged additional fees. You should avoid late payments because it will be costly.
The loans are costly and can get you into more financial trouble. If you use these loans wisely, the loans can help you during financial emergencies.
If you need money in a hurry, loans till payday may offer you the help you need. However, you should only use these loans for emergency situations.
Just make sure you apply to numerous companies. Choose the company that offers the best terms. Once you have paid your first loan, you can use the company again. Only borrow the amount you need.
Rudi is a credit analyst who writes articles about credit scores, building credit, and consolidating debt. His know-how on poor credit and credit unions make his input invaluable to our company. There is no credit score out there that Rudi can’t help with.