Paperless Payday Loan
If you need an advance on your next paycheck, and have computer and internet access, you can apply for a Paperless Payday Loan. There are very few requirements for Paperless Payday Loans, and the process is quick and convenient, with the loans conducted only over the telephone or online. You don't even have to provide written proof of your income or employment details, as databases are used to obtain this information. Receiving a Paperless Payday Loan is therefore a remarkably quick and easy process. Answers to some of the most frequently asked questions about Paperless Payday Loans include:
What is the largest amount I can receive from a Paperless Payday Loan?
A Paperless Payday Loan is usually from a minimum of $100 to a maximum of $1,000, although there are situations where some organizations may agree to consider exceeding the maximum. When you apply for the loan, your income will be used to decide the exact amount you can receive, with the average loan usually varying between $200 and $300.
How soon after I apply will the money go into my checking account?
Our Paperless Payday loan lender can have your application approved online within minutes of you submitting it, with the money put into your account the next business day. This contrasts with some lenders who can take days to process paperwork and deposit money in your account.
Will I have to undergo credit checks by Paperless Payday loan lenders?
No. Whether your credit is good or bad, it is not an issue as credit checks are not carried out by Paperless Payday lenders.
How long will I have to pay off a Paperless Payday Loan?
The money will be loaned for 14, 21, 28 or 30 days, according to how often you receive your pay. There is also a financial fee that usually has to be paid within 14 days. If you are able to negotiate a longer time, you should expect that the fee will also be higher. If borrowers cannot repay the entire loan amount, including the fee, at the end of the period agreed upon, you can ask the lender to accept the fee and renegotiate the payback time period.
Are Paperless Payday Loans available to anyone?
Although they may vary to a small extent between companies, the loans are very basic. All that is usually needed is for the borrower to be aged 18 or older and to have a steady income of at least $1,000 a month. Apart from that, as long as you have access to the internet and a computer, you can put in an application for a Paperless Payday Loan.
What is the Interest Rates for a Paperless Payday Loan?
There is no interest on a Paperless Payday Loan. Instead, companies that make Paperless Payday Loans will charge a fee that may range from $10 to $30 for each borrowed $100. The average fee charged is $25 per borrowed $100. The fee must usually be paid each payment period, usually every 14 days.
Are there any restrictions on Paperless Payday Loans?
No, you can use your Paperless Payday Loan in any way. It is provided as a loan to help you to get through to your next payday.
Can I receive more than one Paperless Payday Loan?
This depends on the lender's policy. With some lenders, you have to repay the first loan before the company will review another loan application from you, but other lenders are sometimes prepared to add a further amount to the original loan. If, however, you are in frequent need of Paperless Payday Loans, you may decide you should consider some type of financial counseling, or perhaps getting a personal loan or using a credit card. Don't be put off exploring such methods if you have a poor credit rating, as you'll find some of these options are available to people with bad credit records.