Wednesday, July 6, 2016

5 Ways To Make Greenleaf Loans Work For You

5 Ways To Make Green Leaf Loans Work For You


1. Check the requirements


Don’t set yourself up for disappointment and frustration – if you don’t have a bank account, or a phone, or the required minimum monthly income, there’s simply no way to be approved – the requirements aren’t numerous but they are stringent. You need to be a US citizen, at least 18 years old, and have a verifiable phone number and address. Another requirement is a bank account that accepts electronic credits and debits, since the funds will be deposited directly to your account and payments directly drafted. Finally, the minimum monthly income is a non-negotiable as well.

2. Make sure the math works


There’s a minimum monthly income required to be approved for Green Leaf Loans, but that won’t necessarily be enough to get you approved for the maximum loan amount. For example, if you take home $1000 a month and get paid every other week, and borrow $500, you’re not going to have anything left to live on even if repayment is split between two paychecks. In fact, because of the interest added, your account will overdraw – the last thing that anyone wants! So the math doesn’t work.

3. Fill out the application carefully


If you work two jobs, and neither meets the minimum income alone, make sure to include both on the application. Being detail-oriented in all other aspects is important as well. All information must be complete, accurate, and verifiable. The lenders working with Green Leaf Loans want to approve your application, so make it easy! Double check all your information before submitting – especially items that are easy to make errors on, like phone numbers, drivers license numbers, and dates. If you mistakenly list a paycheck date as a Saturday or Sunday, that can disqualify your application. Same for a phone number with two digits transposed that therefore can’t be verified or appears to belong to someone other than your employer or whoever you listed it for.

4. Time your application to work to your best advantage


You can get Green Leaf Loans in less than 24 hours, depending on when you submit your application. If your bank or credit union has an overnight clearing process, as most do, you’ll need to submit your application early enough on a weekday that you can complete it and be approved, and the lender can disburse the funds to your bank all before the deposit deadline – which might be as early in the day as two or three o’clock. If you do that, though, you can have cash waiting for you in your account the next morning – nothing’s faster!

5. Save money with Green Leaf Loans!


When your budget is “on the edge” due to a short pay week or unexpected expenses, don’t take chances. The cost of a small loan is significantly less than the fees you’ll pay if you overdraw your account and have to pay a fee on every single transaction that processes while you’re overextended. Especially if you don’t know that it’s happened, an “overdraft spiral” can be costly – so this is one area where safe is definitely better than sorry!

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