Online Payday Loans from Reputable Lenders
Also called a short-term loan or cash advance, a payday loan is a signature loan that is typically paid back through your paycheck or other source of income. If you work and are paid once a week or every two weeks, you may be eligible for this kind of loan. Even if your monthly income comes from a pension check or Social Security benefits, those may also qualify as monthly income.
Different kinds of people in many different situations find themselves in an emergency and in need of these loans. In many cases, the lender may want you to pay back the loan on your next payday, hence their name. With these types of loans, if you cannot pay the full amount back the next time you are paid, your lender may provide options to extend your loan – but keep in mind there may be extra fees associated with an extension. Making sure you read over the terms and conditions of your loan carefully before you agree to its terms is absolutely necessary and will help you borrow responsibly.
One of the attractions of payday loans is that approval can be made quickly in many cases. While some lenders may get reports on consumers through credit reporting bureaus, many people can qualify with a lender even if they have low credit scores. That means that negative marks like credit card collections or charge-offs, foreclosures, or judgments may not automatically disqualify you from getting a loan. Typically, the basic requirements of getting a loan are that you have to be 18 years or older, have a valid checking account, and have a regular source of income, though other requirements may apply. Even people who have good credit use payday loans because they are quick and easy – sometimes they have unexpected expenses or they need temporary cash due to maxed-out credit cards and get turned down by their bank. In many cases these people are able to get short-term cash by the next business day and pay it off as soon as it’s due.
“Different kinds of people in many different situations find themselves in an emergency and in need of these loans”
It’s easy to find a payday loan online. MoneyMutual makes the process simple through its marketplace. MoneyMutual is not a payday loan lender, it’s an online portal where a borrower can connect with a lender based on the information they provide and the lender’s requirements. You begin by filling out information on our website, reviewing the terms of any offer you are offered by a lender, and then agreeing to the terms of that loan at the lender’s website if it meets your needs.
One of the best ways to borrow responsibly is to repay your loan on time. That means on any size loan, you should pay it off on your next payday unless the terms in your loan agreement provide otherwise. Before accepting a payday loan carefully read through all of the terms. Contact the lender to discuss any terms that you do not understand. Also, make sure you understand any penalties you may incur if you cannot repay the loan as scheduled.
Types of Payday Loans
The term “payday loan” sounds like it refers only to one specific type of loan, but in reality, it’s an umbrella term for different kinds of loans. The terms of these loans may be similar, but lenders recently have started offering a variety of loans that are aimed at different types of consumers. What kinds of payday loans are out there? Take a look:
- Military: Loans for those people serving in the military are now available. For people serving in the armed forces that face unexpected financial challenges or have special needs, there are lenders who offer loans for women and men who serve their country. When providing all the required information to the lender, if you are in the military, you should let them know so that they can take it into consideration.
- Online: For people who prefer the privacy and convenience of the Internet, they can now go online to get emergency funds. MoneyMutual is a resource where people can connect with a lender for free online. While not a lender or a loan broker, MoneyMutual is a marketplace that provides borrowers access to a diverse group of lenders who can help people find cash quickly. If you use MoneyMutual and a lender decides to work with you, up to $2,500 could be deposited in as little as 24 hours.*
- No Fax: No fax – or faxless payday loans mean that you could provide all the required information on the web without having to deal with the complications and cost of faxing paperwork or filling out an extended application by hand, helping to make the process quicker and more private.
- Good Credit Not Required: Many people’s credit scores have been ruined by the economy over the past few years, and that’s where payday loans come in. Because consumers have been turned down by their credit union or bank, they need options when an emergency happens. Many lenders who offer this kind of loan understand that bad credit is not always the borrower’s fault.
- “24 Hour Payday Loans”: Most lenders that advertise 24-hour payday loans are marketing loans that could be deposited into a borrower’s bank account as quickly as 24 hours after an approved offer. For the most part, these loans are available on the web, meaning that if a person has all the requirements at the time of application – including proof of regular income, bank account information, and more – the process can be fast.
People who are looking for a payday loan should always be aware of offers that seem too good to be true. Many scam artists have appeared online offering “1-hour payday loans,” leading people into thinking they could get a payday loan in one hour. In reality borrowers cannot get a loan in 1 hour. But, going online can be a fast process. When people use MoneyMutual’s free marketplace, the process of providing information and finding a lender can take just minutes. If you’re approved by a lender and accept a loan offer, money could be deposited into your bank account in as quickly as 24 hours – similar to depositing your paycheck at the bank.
“lenders recently have started offering a variety of loans”
As you can see, there are many different types of payday loans out there. The key with any payday loan online is to understand all of the terms and conditions of the loan before you accept an offer. All payday loan lenders, regardless of the type of loan, are required by law to tell you all the terms of the loan, including how much you will pay in finance charges and fees. Take the time to read over them carefully before you accept. Remember: always borrow responsibly.
How Fast are Payday Loans Online?
From shopping to banking, the growth of the Internet in the past 10 years has helped many people find more convenience, become more tech savvy and also more productive. Along with all of those benefits, it’s also made doing things much faster. As you may already know, the economy has also had good and bad periods during the past decade, meaning that many people have found themselves in an emergency situation through no fault of their own. With the web, instead of waiting in a long line, people can now get a fast payday loan online.
At the MoneyMutual marketplace, you can find lenders from all over the country in order to help get the cash you need, quickly, safely, and easily. It only takes minutes to fill out the forms at MoneyMutual.com, and a decision is made on the site in real time. If you make $800 or more a month, are 18 years or older, and have a valid checking account, it’s possible you could qualify with a lender. Based on individual lender requirements, other conditions may apply.
“instead of waiting in a long line, people can now get a fast payday loan online”
If you meet all the requirements, and then fill out the forms, submitting your information takes one click. You can find a lender in real time and approval is sometimes instant. If you are connected with a lender, you’ll then be forwarded on to the lender’s website where you may be asked to fill out additional forms with basic information such as your home address, email, phone number, or other information.
If you’re approved, you’ll then be given a loan offer – many times sent to your email inbox – where you can review all the terms and conditions. Some of the details in the offer will include any fees, finance charges, due dates, and more. Take your time in looking over these to make sure you like the offer. You should contact the lender directly if you have any questions. If you do not like the offer, you have a choice to say no if you don’t agree.
Upon acceptance of the loan offer (if you do so), the lender who sent you the offer will directly deposit the money into your checking account as soon as 24 hours after you accept. Just like depositing a check at the bank, the funds need at least 24 hours to clear before they appear in your account.
Making sure you can pay the loan back on time is important if you want to avoid further charges. That means you should make sure that you have the money in your account when the due date comes. If you think you may be late on a repayment, you should contact the lender directly.
Faxless Payday Loans
Fax machines used to be an everyday part of just about everyone’s lives. In many corporate and office settings, fax machines are still sometimes used as part of the day-to-day business. Before the explosion of the Internet, people who wanted to get a loan often had to fax paperwork over to the lender and then be considered for a loan. This process could take days or weeks – not good for someone with an emergency. Luckily, access to the web has become much easier over the past few years, meaning that people can now go online to find a short term loan. These days, often people don’t have to use a fax machine at all, having access to faxless payday loans.
Advances in technology over the past decade have meant that fax machines have started to take a back seat to faster ways of transmitting information. Because of the explosion of the Internet, many short term lenders that offer payday loans can take your information directly on the web without having to use a fax machine at all.
What makes these kinds of loans appealing is that people won’t have to wait in embarrassing lines to get one. Years ago, you would have to get all your paperwork together, drive to a payday store or somewhere to send your application by fax, and then on top of that pay for the fax per page. Most people are busy and don’t have time or may not have the transportation options. Now, a faxless payday loan means going online could save you time.
“people can now go online to find a short term loan”
The online experience has also meant that borrowers like you could get the emergency cash you’re looking for, no matter if it’s an unexpectedly high bill, unforeseen medical crisis, or other surprise problem. MoneyMutual was created to take out the legwork of trying to find a lender online, and has already helped millions do just that through a diverse group of lenders. We do not broker loans, nor are we a lender – but we’ve created a marketplace where borrowers can connect with many lenders offering personal loans quickly, easily, and safely.
Going online to get a loan also means that you could get your information to lenders faster. Many lenders will ask for proof of your regular income – whether it’s a pay stub, or retirement or disability, or alimony, for example. The lender will also want to know your bank account information, because lenders online typically deposit the funds directly to your account, as well as take out repayment from the same account. Remember, requirements will vary from lender to lender. Entering your information takes mere minutes, and finding a lender takes seconds, and money could be deposited into your bank account as quickly as 24 hours.
The advancement of the Internet has made what was once an annoying and sometimes expensive process into something as simple as a faxless payday loan. Although some lenders you find MoneyMutual’s marketplace may require faxing to complete the process, at MoneyMutual, you can connect with a diverse group of online lenders who can help you get the cash you need for any emergency, without ever having to wait in line.
How Payday Loans Work
One of the unfortunate things in life is an emergency that comes from nowhere, and you don’t have money until your next payday, which is too far away. If you ever find yourself in this kind of situation, a payday loan online may be an option for you. As you may know, payment for this kind of loan is typically due on your next payday, but you might not be familiar with the rest of the process. In most cases, it’s fast, easy, and best of all, safe.
Typically, when someone gets a payday loan at a payday loan store, the lender will hold on to your paycheck until your next payday comes, and then will cash the check on payday in order to pay back the loan. However, in recent years, payday loan lenders have gone online, and don’t require a paper check. They typically ask to take out the repayment directly from your checking account when the loan is due.
Payday loans have the advantage of immediately helping you cover an unexpected emergency, such as a medical crisis or surprise bill, when payday is too far away. These kinds of loans can differ from traditional loans, and sometimes have simpler requirements that can help quicken the process. In most cases, being 18 years or older, having a bank account in good standing, the ability to prove regular income, and other qualifications are required.
“with the explosion of the web, borrowers are going online”
Keep in mind that many states have passed laws and regulations in regard to how short-term payday loans work. Many of these state laws are made to limit finance charges that lenders can charge in particular states. Payday loan lenders who are reputable should be following all applicable laws, and must tell you about the complete terms of any loan offer in writing.
At first, only payday loan stores, rent-to-own companies, check cashing stores, and pawn shops offered payday loans. But with the explosion of the web, borrowers are going online to take advantage of the speed and convenience of the Internet. MoneyMutual has created a marketplace where a diverse group of lenders may be able to help you have a better chance of finding a loan.
By using the free MoneyMutual marketplace, you may be able to find a lender quickly based on the information you provide. If you qualify with a lender, you’ll be taken to the lender’s website and given a loan offer.
Sometimes the unforeseen happens, and your next paycheck is too far away to cover your emergency. Getting a payday loan may be your best option when you need safe and fast cash to cover any unforeseen difficulty. Make sure you learn how payday loans work before signing up. By using MoneyMutual.com you can find a lender who may even be able to get you the money you need in as little as 24 hours!*
How Short Term Payday Loans Work
Short term payday loans are designed to best help you out of unforeseen circumstances like a surprise car repair or emergency medical situation. They can be especially useful for those who need money as soon as possible for a legitimate reason – but because the downturn in the economy ruined their credit, their bank or credit union has told them they can’t get a loan when they really need it. Here’s how short term payday loans can help pay bills and help out in emergencies.
In a way, you can look at short-term loans as a way to get temporary help for an unforeseen and stressful problem. While the terms of a loan can vary depending on your situation, as well as the lender, it’s possible you could get up to $2,500.* These types of loans are expected to be repaid quickly – usually on the date of your next payday – which is why they’re also known as payday loans.
Getting the process started usually means choosing a short term lender, and if you’re going online, that can be a confusing experience. MoneyMutual, while not a lender or loan broker, is a marketplace where borrowers and lenders can connect with each other. If you qualify with a lender, the lender will work with you to complete the application process.
The ability to meet the basic requirements when you apply for short term payday loans will help the process along. Usually you must be 18 years or older, be able to provide proof of a steady income – such as a pay stub or a disability check, as well as meet other lender requirements. Remember, these requirements may vary from lender to lender. While some lenders who offer short term loans may be able to approve you with less information, be aware those loans may be tougher to get.
“look at short-term loans as a way to get temporary help for an unforeseen and stressful problem”
After you’ve gone online and submitted your information, or faxed it to your lender, the rest of the process is straightforward. If you’re approved for a loan after the lender reviews the information, they will send you all the terms and conditions of the offer. In the terms will be details about payment dates, the interest rate, the total amount of the loan, and more. To accept the loan, all you need to do is sign, which can easily be done online.
Once you accept the loan, the lender typically deposits the money into your checking account in as little as 24 hours.* Lenders tend to prefer direct deposit of the money because they can make sure you receive the funds. They also prefer direct deposit because repayment will also be taken directly out of the same bank account.
Make sure you do your research before getting a short term loan, and always double check that you will be able to pay the loan back as agreed upon when you signed the offer. Contact your lender directly as soon as you think you may miss a payment. Late payments often result in fees, so reading carefully over the terms and conditions of the offer is important. Repaying the loan on time according to the loan offer may be able to help you better manage your finances.
If the banks and credit unions have turned you down because the economy has ruined your credit, you still have options when you need emergency cash, and short term payday loans may be able to help. By using MoneyMutual, you may be able to find a short-term lender who can get you the cash you need – quickly, safely, and privately.
How to Get Payday Loans Online
Trust is a major part of looking for payday loans online. There are numerous websites from various lenders, offering various levels of service, including professional-looking scam sites. All of the different sites on the web can make it frustrating for someone looking for a lender who is trustworthy. MoneyMutual was created for borrowers looking for a one-stop shop for lenders who offer payday loans online. Endorsed by Montel Williams, we are a marketplace where qualified borrowers can connect with a diverse group a lenders for free.
MoneyMutual is not a lender and is not involved in their lending process – but lenders in our marketplace understand that professional customer service and abiding by the law are essential in gaining trust. Using our marketplace is free, and if a lender chooses to work with you, you could have money deposited into your bank account in as little as 24 hours.*
The process of providing your information at the MoneyMutual website takes mere minutes, and if a lender decides to work with you, you’ll be forwarded on to the lender’s website, where you can begin to apply for a loan offer. There, you’ll likely be asked for basic information such as your name, email address, and street address, among other information.
The lender will then send you a loan offer by email. The email will also include their contact information in case you have any questions. Make sure that you keep this email for your records.
“professional customer service and abiding by the law are essential in gaining trust”
It is very important that you take your time to read over the terms and conditions of your loan offer carefully before you decide to accept. Some of the details in the loan offer will include the total amount you must repay, any fees or finance charges, the interest rate, and more.
You might be in a rush to get your cash, and may feel like you want to accept immediately, but you do have a choice. Remember, if you sign the offer, you must abide by the offer’s terms. If you do not understand the terms, or have any questions about the offer, please contact the lender, and they will be glad to help. Asking the lender how a payday loan online works is normal. Making sure you have a good grasp of your budget before you accept will help to avoid last-minute scrambling for repayment as the due date comes up.
Also paying the loan back on the due date can help you avoid further charges. Most lenders will take the repayment funds directly out of your bank account, so make sure that your budget is ready. You should contact the lender as soon as possible if you think you won’t be able to repay the loan on the due date.
Repaying the loan on the due date will help you avoid additional charges. Most lenders will take the payment directly from your checking account, so make sure that you have budgeted accordingly. If you think you may not be able to pay on the due date, contact your lender as soon as possible.
When you’re researching payday loans online, you may feel overwhelmed with the amount of lender websites out there. If you’re looking to find the right lender for you, you can connect with a lender when you’re looking for short-term cash by visiting MoneyMutual.
How To Qualify for a Payday Loan?
Many people who have had the economy hit them hard have found it difficult to get cash when an emergency like a medical crisis or unexpected car repair comes up. They need cash quickly, and going online is one of the more popular options for people in financial emergencies. When your bank or credit union has told you “no” when you’ve applied for a loan, know that you aren’t the only one who’s been turned away. By using Money Mutal people like you can connect with a diverse group lenders to help you get emergency cash, fast.
Because they were turned down by their financial institutions, many people aren’t sure if they could get a loan at all. Lender requirements vary, and every person’s situation is different, but some of the minimum requirements that lenders require include:
- Proof of regular income: Regular income can come from a job – meaning you must provide a pay stub. It can also come from benefits from disability or retirement checks – meaning you must provide proof you receive the benefits.
- At least $800 in monthly income: It’s possible to qualify if you make more, but you must make at least $800 a month.
- Be 18 and a U.S. resident: Lenders only lend to residents of the United States that are 18 years or older.
- A valid checking account: Most lenders will require you to have a checking account so they can make a direct deposit as well as withdraw repayment.
Be aware that other requirements may apply.
After you visit the site, fill out the required information, and click to submit. A diverse group of lenders will review your information a decide if they would like to work with you, this process takes only minutes to complete. If a lender decides to work with you, you’ll then be sent to the lender’s website where you may be asked for more information in order to confirm the loan. At the lender’s site, you may be asked for information like your email address, home address, and other required information.
The lender will make a decision on your loan, and if you’re approved, will email you their contact information as well as a loan offer that includes all the terms and conditions inside. Among the details in the offer will include due dates, fees, finance charges and more. Carefully read over this document before you make any decisions. You have the choice to decline the offer if you don’t agree to the terms. If you accept, the funds could be directly deposited in as little as 24 hours of acceptance.*
One of the ways you can borrow responsibly is by making sure you can budget accordingly to be sure that the money will be in your account when the payday loan becomes due to be repaid – that way you’ll avoid further charges on your accounts. If you think you won’t be able to repay on time, contact the lender as soon as possible with the contact information they emailed you.
“going online is one of the more popular options for people in financial emergencies”
There are many questions surrounding how to qualify for a payday loan. If you need emergency cash quickly, safely, and securely, you could find a lender that can meet your needs by using MoneyMutual.
Instant Payday Loan
Emergencies that pop up out of nowhere happen all the time in life. For many people across the country, hard times because of the economy have put their personal credit in trouble, meaning they may be hesitant to look for an instant payday loan online. In fact, going online for a loan is easier and quicker than ever. Whether you had a bill that was a little too high this month, maybe need to make an emergency car repair, or any other kind of unforeseen circumstance, you may be able to get a loan online.
Looking for a loan online, you may end up seeing many offers for “instant payday loans” that may make you think that applying for a loan online means that money will be deposited as soon as you accept an offer from a lender. In reality, that’s not quite how the process works. Look at the process more like going to the bank to deposit a check: often the bank holds the funds for 24 hours to make sure they clear, and then the funds are released to your bank account. MoneyMutual has made the process for finding a loan fast and easy. The process only takes moments, and if you connect with a lender, the funds for your emergency could be deposited in as little as 24 hours, depending on the lender you work with.*
Those who have bad credit during these hard times may find that instant approval payday loans could end up being their choice when emergencies happen. For many people who have bad credit because the economy, many banks and credit unions will put strict guidelines on the money they lend, meaning those who apply there are likely to not get the amount they need – or may even be turned down entirely through no fault of their own. Bad credit can be repaired, but even for those who are in the process of recovering from a bad credit situation, that won’t necessarily guarantee the ability to get a loan from a bank or credit union.
“MoneyMutual has made the process for finding a loan fast and easy”
At MoneyMutual.com, lenders that offer instant payday loans will ask for evidence that you have regular income as well as have a checking account. You could also qualify if you have a regular income that doesn’t necessarily come from a steady job – like a retirement check, for example – though other qualifications may apply.
Payday loans, like other types of credit, must be used responsibly. Just like you, millions of people all over the country have turned to MoneyMutual when they needed help for emergency cash. In fact, many of them have found that taking out a payday loan and paying it back on time can be more cost-affordable than paying the fees on bad checks.
Typically, payday loans should be repaid in full when your next payday comes up, unless you have agreed with your lender to other arrangements. Prompt repayment of your loan can sometimes mean lower finance charges.
Having an unexpected difficulty these days can be stressful, especially if the economy has turned your credit upside down. When you need cash quickly, getting an instant cash payday loan may just be the option you need when an emergency happens unexpectedly. Don’t let the lure of “instant payday loans” get you in trouble. MoneyMutual is an online marketplace where you can connect with a lender for free.
Characteristics Of A Legitimate Payday Loan Site
Safety and security are big concerns for most people who use the web on a regular basis. Unfortunately, there are people on the web who also want to trick you into visiting fake sites designed to install bad software on your computer or steal your information. These scammers create realistic-looking payday loan sites that are in fact criminal in nature. In fact, scammers have become sneaky enough to make sites that are difficult to tell are fake. Here are a few clues that a potential loan site could be untrustworthy:
- Look for “https” in the website address: No matter what web browser you use, in the address bar you can see every site address begin as “http” in order to point you where the site is. For sites that have been built securely, you will see an “s” at the end, making the address start with “https.” The “s” indicates that the site is on a secure server, and your connection to it is safe. If you’re going to visit a site that will collect any personal information, always double-check that the address in the address bar starts with “https” before submitting anything.
- Also look out for the image of a lock on your browser: One simple way to check if a site is secure is to look for a lock image that should appear near the address bar near the top of your browser. For Internet Explorer users, the lock is on the right side of the address bar, and Chrome and Firefox users will see it on the left side. A lock icon (it’s usually green) will show you that the site you’re visiting is secure.
- Clickable security logos: One of the moves that fake sites make is using the logos of trusted online security and privacy companies – logos that aren’t clickable – in order to lure you into a false sense of security. In fact, if the logos aren’t clickable, beware. Websites that are truly secure and that keep your information private should gladly link to the services that keep their consumers’ information secure and private. Clicking on these images should show you how companies are working together to keep you protected.
- Warnings about unsafe information transfers: Each website is different, but many of them will have both secure and unsecure pages on them – which means you should be extra careful. Most browsers will send you a pop-up window to warn you that certain pages may not be secure and if you want to continue. Always make sure you know what kind of page you’re on and what kind of page you’re clicking to. Legitimate sites will make sure that any and all pages that take personal information are secure.
Privacy and security are essential at MoneyMutual. When you use our website to find a lender, we always take steps to make sure that your information is kept safe.
“scammers have become sneaky enough to make sites that are difficult to tell are fake”
When you’re looking for emergency cash, don’t be fooled by the fake sites trying to steal your money or information. Reputable payday loan sites should be looking out for their consumers to make sure their information isn’t stolen. Always be on the lookout for what’s in a safe site!
Advantages of Online Payday Loans
Many people have found themselves in a surprise financial emergency, and end up trying to get a loan from their banks and credit unions, only to be turned down. In most cases, they’re turned down through no fault of their own. If this has happened to you, you aren’t the only one. Because the economy has ruined many people’s credit, they’ve found themselves needing cash and being told “no.” These people don’t have the time to travel to a loan store and stand in line, and they feel embarrassed thinking of asking their families for help. For those who need funds securely, privately, and quickly, going online could be the best option for them.
MoneyMutual was created for people who are looking for a loan, but don’t have time to wait in line. We put together a marketplace where people from all over the U.S. can find a lender for free. Why should you go online?
- Privacy: Waiting in line for a loan doesn’t sound inviting to most people. Going online means you can easily search for a loan by computer or mobile device from the privacy of your own home. One of the ways we keep your information safe is by using Norton Secured powered by Symantec’s 256-Bit encryption. Norton is one of the most trusted names in online security. Their 256-bit encryption helps protect your personal information when you submit it on our site.
- Speed: Filling out MoneyMutual’s secure forms only takes minutes, and you could get qualified with a lender in real time. As soon as you accept a loan offer, up to $2,500 could be deposited directly into your account in as little as 24 hours.*
- Security: When it comes to your information, we make sure to use secure verification, as well as utilize McAfee Secure to scan our site daily for identity thieves and dangerous software.
The process is simple. Just fill out the required information at MoneyMutual.com and then it’s only one click to submit. Based on the information you provide, if a lender decides to work with you, you can get a decision in minutes. If you qualify with a lender, you’ll be forwarded on to the lender’s website, where you may have to fill out a few pieces of information – including email, home address, phone number, or other information.
“a marketplace where people from all over the U.S. can find a lender for free”
If you’re approved after all your information is given, the lender will more than likely email you the terms and conditions of your loan offer. Details of the terms will include fees, the interest rate, finance charges, and more. Remember, you can choose to accept or decline the offer if you do not agree to the terms. Make sure you take your time in looking over them to make sure you can understand them. Should you have any questions, make sure you contact your lender at the contact information they provide.
Making sure you borrow responsibly is important. You can do that by making sure you will be able repay the loan on time and in full. Also make sure you have the money in your bank account so you can avoid further charges for missed payments. If you think you may have a late repayment, immediately contact the lender.
There are quite a few advantages to going online for a payday loan. You could save time, apply privately, and know that your information is kept secure, all from the convenience of your home. By using MoneyMutual, you can find a lender online instead of waiting in long lines.
Same Day Payday Loans
Have you gone online to try and find a loan? You may have found it to be very confusing. After all, the amount of real and fake offers for fast cash – including 1-hour cash advance loans – can sound like they’re legitimate. And though it may be true that the approval process for getting a loan does feel like you’re getting a same day payday loan, in real life the process is very similar to the familiar practice of depositing a check at your local bank.
You might already be used to the check-depositing process and know that the funds from the check aren’t immediately posted to your account. Usually the bank will hold the check for at least 24 hours to make sure that the funds from the check’s issuer are available to be deposited. After at least 24 hours, if the funds are available, they’re deposited into your account for you to use however you like. The process for getting a loan online is very similar: if you’re approved for a loan, it’s possible the funds could be deposited into your bank account in as little as 24 hours.*
If you see promises of “same day payday loans” or “1 hour cash advance loans” online, beware of the fine print. If you’re looking for funds for any kind of emergency situation, you want to find lenders who will treat you with fairness and respect.
“find lenders who will treat you with fairness and respect”
MoneyMutual was created to give borrowers a better chance at finding a payday loan, quickly, by providing one of the largest marketplaces in the U.S. Filling out the form at our website is very quick, and if you qualify with a lender, they will send you all of the loan terms and conditions for you to read over. If you accept the terms, it’s possible you could have money deposited into your bank account in as quickly as 24 hours. MoneyMutual is not a lender nor do we broker loans, we are a place where borrowers can connect with lenders for free.
If you have a sudden emergency like an unexpected bill or surprise car repair, a payday loan may be one of your options. Review your finances to decide how much money you need and are able to borrow. Keep in mind that depending on the terms, the full amount you borrow may be due on your next payday, so take some time to factor how that will affect your budget. Get in touch with your lender if the due date approaches and you’re not going to have enough money in your checking account to cover repayment. It’s possible the lender may agree to extend your loan; but, keep in mind that additional fees and finance charges may apply.
When you go online to look for a personal loan, don’t get distracted by promises of “same day payday loans.” Get connected with a reputable lender for free at MoneyMutual.com. Remember, make sure you take your time and use payday loans responsibly. If you are offered a loan, read over all the terms and conditions carefully before accepting the loan.