Wednesday, May 4, 2016

What Is A 1 Hour Payday Loan and How Do I Get One?

What Is A 1 Hour Payday Loan and How Do I Get One?

Sometimes you can see the writing on the wall and you know your budget is about to go out of whack – other times it comes as a sudden and often alarming surprise. When the surprise is an especially unpleasant one, you might need to get your hands on extra cash as soon as possible, and that’s when a 1 hour payday loan is exactly what you need. Instead of waiting for days or longer to get a loan to bail you out of a difficult situation, your can be approved and funded in one hour. Your bank will take their standard clearing time before making the cash accessible to you, but it’s still the fastest loan option around.

Five Ways 1 Hour Payday Loans Are More Convenient Than Traditional Loans

1. Quick online applications don’t disrupt your schedule. Many traditional loans are still using paper applications that need to be brought to the bank and discussed with a loan officer. Even the ones who use online forms often expect there to be an in-person meeting. With 1 hour payday loans, you can complete the application at any time and submit it to lenders who are available at all hours, not just business hours. 2. No documentation required! Traditionally, financial statements and prior-year tax returns are required as part of a loan application, but 1 hour payday loan decisions are made based on the information on the application alone, with no additional background needed. This saves both time usually spent searching electronic files and boxes of papers, as well as the trouble of printing, mailing, faxing or scanning those documents to include them in a loan application. 3. Bad credit is ok for 1 hour payday loans. Unlike a lot of other credit products, 1 hour payday loans do not require a credit check for approval. Instead, lenders use a unique proprietary set of qualifiers to evaluate the applications – they more heavily consider issues like employment history and current income instead of what kind of problems and circumstances a person might have in their past. This works to your advantage whether you have good credit or bad – meanwhile timely repayments are reported to the credit bureaus, so if you’re rebuilding your credit this is an opportunity to register some positive marks that will over time result in improved credit score.
4. Easy repayment! Ever forget to pay a bill, and kick yourself when the late fee doubles your payment? 1 hour payday loans are repaid automatically, with payments drafted from your bank account on the payday following your loan. Because it’s arranged to be automatic, you don’t have to remember to set up a payment and therefore can’t miss the payment. In addition, because the funds are drafted on payday, there are sure to be funds in the account when the payment is withdrawn, and accidental overdrafts and the resulting fees don’t need to be a concern. 5. Apply from anywhere, anytime. The easy online application means there’s no limit to the when or where – and the site is optimized for mobile so you can apply from your tablet or smartphone as easily as from a full-sized computer.

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