Should You Think Twice before Getting a Payday Line of Credit?

Doing anything with money is important and can have big repercussions. You should always carefully think through the money decisions you make, but some of these are easier to make than others. For example, using a payday line of credit is one smart choice that doesn’t require a lot of careful consideration. Once you find out exactly what this financial product is, you will realize that you don’t need to think twice; it’s a great financial move you can make today.

Here’s Exactly What a Payday Line of Credit Is

A line of credit is a type of loan you can get that allows you to get approved for a certain amount. Instead of taking the entire amount all at once and being responsible for paying it all back later, you only take and use as much as you need, when you need it. And because this is a payday line of credit, the approval process is based largely on your income and job history instead of your credit score. So, in other words, a payday line of credit is a more flexible version of a payday loan, one that allows you to draw on an amount only as you need it.

Here Are All the Reasons Why a Payday Line of Credit is a Smart Choice for You

There are so many reasons why you don’t need to think twice before getting a payday line of credit. It’s a smart choice for just about anyone, but there are particular reasons why it may be the best choice for you:

• You don’t have to have a perfect credit score to get approved for a payday line of credit loan. You only need to show you have a regular income and good job history along with a few other basic requirements.
• With a payday line of credit you don’t have to be responsible for borrowing and repaying an amount that is larger than you need or can afford. Get approved for a large amount, but only use the amount you actually need.
• A payday line of credit allows you to access cash instantly. Because you have a line of credit to draw from, you don’t need to apply for a new loan every time you need cash. Just pull from the line of credit and within minutes you’ll have the cash you need.
• Payday line of credit loans are affordable. These loans are designed for people who aren’t wealthy and who don’t make a huge income at their jobs. You can actually afford these loans.

How to Get a Payday Line of Credit Today

All you need to do to get your payday line of credit today is go online to apply or use a mobile app to get connected to our network of lenders. Once you submit an application, we’ll make sure a lender answers you in minutes and gets you approved for the line of credit that is going to make your life that much easier.

Should You Think Twice before Getting a Payday Line of Credit? By Eric Knapp - 9/20/17

What Makes a Payday Loan Line of Credit Different from a Credit Card?

Most people use credit cards. They have a place and can be useful for making quick purchases, but there are some serious drawbacks too. An alternative to credit cards is the payday loan line of credit, but to understand why this may be a better choice for you, it’s important to know more about this kind of loan and how it measures up to credit cards.

A Payday Loan Line of Credit is a Flexible Loan

One of the best things about a payday loan line of credit that makes it better than a credit card is that it is a real loan, but it’s one that gives you flexible options. With another kind of loan you have to choose the exact amount of money you want to borrow and take it all at once. With this loan, you get approved for a certain amount, but then you only have to use as much as you need. It gives you flexibility and helps prevent you from getting into debt you can’t afford, something that can happen all too easily with a credit card.

Credit Cards Keep You in Debt, a Payday Loan Line of Credit Won’t

Unlike a credit card, which allows you to spend to your limit and then avoid repaying it for months or even years, a payday loan line of credit is actually a loan. You have to repay it on time. This may seem like a drawback, but it isn’t. Credit card companies want you to pay only the minimum every month. It’s how they make money, but it’s also how you stay in debt indefinitely. You shouldn’t have to carry that burden just to be able to access cash when you need it. With a payday loan line of credit, you get that access without the long-term debt.

See the Cash You Spend—and Save—with a Payday Loan Line of Credit

One way that credit cards get people in trouble is that they are too easy. To spend, all you need to do is pull a card out of your wallet. You don’t see the cash, and studies have proven that when you don’t actually see the cash you’re spending, you will spend more. With a payday loan line of credit, spending is a little more difficult. You have to access the cash through your bank account, but this gives you the opportunity to take cash from your account, see it, and spend it more frugally than you would with a credit card. Overall, you’ll save money.

Get Approved for a Payday Loan Line of Credit, Even with a Low Credit Score

You may get denied for a credit card if your credit history isn’t up to scratch, but with a payday loan line of credit you can get approved even if you have a lower credit score. This is a promise our lenders make because they believe that everyone should have the opportunity to benefit from these great loans and shouldn’t be forced to use credit cards as an only option.

What Makes a Payday Loan Line of Credit Different from a Credit Card? By Heather Wilson - 8/30/17

How to Stay Safe Online While Still Using a Payday Line of Credit

A payday line of credit is a type of loan that you can get online, which makes it really convenient, easy to use, and most importantly, quick. On the other hand, getting money online means taking a security risk. We all take risks these days for the sake of convenience, making purchases online, sharing information on social media sites, and downloading apps. So how do you get the convenience and the cash, and still stay safe?

Use a Payday Line of Credit with a Reputable Network of Lenders

A payday line of credit is a source of credit that you can get online, get approved for based on your job history instead of your credit score, and that gets you cash as needed. You get approved then draw on the amount at any time. One of the most important things you can do to ensure your personal information remains secure while using one of these loans is to check out the lenders. Before using an online service, be sure there is a real company behind it, with contact information that includes a telephone number and a real address. Find out how the company selects lenders and what the criteria are. This kind of information will tell you if you are working with professional lenders or not.

Make Sure Your Payday Line of Credit Service Doesn’t Sell Information

Another way to make sure you stay safe while taking advantage of the convenience of an online payday line of credit is to find out the service’s policies. Ask questions about what they will do with your information. The answer you want to hear is that your personal information, the information used to get you approved, is only given to the lender that will be helping you get the loan. A lending service should never sell information to third parties. Also find out if the service will delete your information once your approval has gone through and you have an official loan document. This is also important for security.

Find out about Encryption before Applying for an Online Payday Line of Credit

Finally, one of the most important ways that you will remain secure online, even when providing details for a payday line of credit application, is to have excellent encryption protecting your sensitive data. Ask about encryption software and hacker deterrents, or read the website carefully to find out how your information will be protected. This is so important, and while most websites today have this technology, you should never assume it is there. Encryption is one sign of a reputable lending company and a sign that you can trust a service to protect your data while providing you with a loan.

If you take these steps before working with an online lending service, you can enjoy all the benefits of an online payday line of credit while still remaining safe and secure against identity theft.

How to Stay Safe Online While Still Using a Payday Line of Credit By Mindy Lobo - 8/23/17

What’s a Payday Line of Credit and How Does it Work?

If you need extra cash on a regular basis, maybe because you work an hourly job and your income isn’t evenly distributed throughout the month, a payday line of credit can help you manage your financial needs. A line of credit means you can borrow what you need, repay it, and the principle that you repay becomes available to borrow again if and when necessary.

How Quickly Can I Get Cash With A Payday Line of Credit?

The application and approval take only a few minutes. You can submit an application any time, because the site is optimized for mobile – that means wherever you are, you can apply through your phone or tablet. Not just anywhere, but any time, because the online-only process means you can access it any time. Lenders are available 24/7 as well, so there’s no delay no matter what time you choose to submit. You can be withdrawing funds from your payday line of credit as soon as tomorrow.

Do I Need Great Credit To Qualify For A Payday Line of Credit?

The dedicated team of lenders who work with National Cash Credit to offer a payday line of credit do not use the standard “Big Three” credit bureau credit report. Their means of determining a potential borrower’s qualifications involves their own proprietary set of criteria, which include your income and recent employment history. Long story short: bad credit is ok!

What Are Some Common Mistakes Made On Payday Line of Credit Applications?

A few things to be careful of are as follows: Double check all the numbers on your application, because it’s easy to transpose digits or confuse phone numbers. Make sure you earn enough monthly income to qualify for the line of credit you’re requesting. Any inaccurate or incorrect information can put your application at risk, so be sure to list your correct pay dates and make sure your driver’s license is not expired.

What Are the Requirements To Apply for a Payday Line of Credit?

Unlike traditional loans, the requirements are simple and straightforward. You need to be at least 18 years old and a US citizen, for starters. It’s important to be employed, and have a certain level of monthly income. Finally, you need to have a bank account that you can receive electronic deposits into, and make electronic payments from.

How Quickly Can I Get Money From A Payday Line of Credit

Depending on when you apply, you can have cash in hand as soon as the next business day. As soon as you’re approved for a payday line of credit, the lender will set the wheels in motion to deposit your initial requested balance into your bank account. Banks differ in their policies regarding posting times and deposit clearing, but you’ll have the cash as quickly as your bank allows.

What’s a Payday Line of Credit and How Does it Work? By Eric Knapp - 4/15/16

Beat Your Cash Flow Problems With a Payday Line of Credit

Rest easy knowing cash is available when
you need it with a Payday Line of Credit

The holidays have just passed, and nearly everyone feels short on cash this time of year. Did the cost of traveling for Thanksgiving stretch your budget a little thin? Or maybe it was that you spent more than you expected during the Black Friday sales? Or could it be that you went a little overboard on Christmas gifts for your loved ones? Or maybe all three? Whatever the reason, there’s always a need for greater spending flexibility after the holidays. The best way to get that is with a payday line of credit. You simply borrow against a maximum amount that’s based on your ability to repay, then each time you make a payment, it returns to your line of credit so it's available to you whenever you need cash again.

Use Your Payday Line of Credit for Emergencies Too

A perfectly balanced budget can fall apart in an instant when an emergency occurs. A laundry room full of soapsuds, a trip to the E.R., even a new set of brake pads can throw your finances into temporary turmoil. Without some kind of loan or credit, something else doesn’t get paid – and that can be disastrous for your credit rating. You could even lose your car or your home, if the situation snowballs the way these things sometimes do. Worst of all, the need for money to fix the car can keep you from getting to work – which keeps you from getting paid! That’s the kind of snowball nobody enjoys, and exactly the kind that a payday line of credit can protect you from.

A Payday Line of Credit Is Fast and Easy

Lenders are available 24 hours a day, waiting to assist you. The application is short and simple, and most customers hear from a lender within minutes. Bad credit is no problem; there’s not even a credit check. The process is safe and secure, and completed from the privacy of your own home. The cash you want now will be deposited directly to your bank account, and the balance of your payday line of credit is available for you to draw upon whenever you have a need. No nosy questions from a bank loan officer, no worries about your credit rating, and money in hand when you need it. What more could you ask for?

#PaydayLineOfCredit #SpeedyPaydayCash

Beat Your Cash Flow Problems With a Payday Line of Credit, By Heather Wilson - Today