Skip directly to content

Why payday loans are easier to get p65103

  • ctbqwsxjiok's picture
    Started by
    (28 Sep '13)

    Payday loans are faster to get than credit cards or personal loans since there is no credit check involved. And because payday loans are meant for a short period, usually amonth or less, loan lenders don’t require an extensive background check. <a href=http://www.paydayloanfor.com/>fast loans</a>
    Credit checks take time - sometimes a week in fact. And when you borrow big amounts, like with a car or home loan, it makes sense for a lender make sure you aren’t too high a credit risk.
    Cash advance lenders deal with much smaller loan amounts, between $100 and $1000, so they can afford to lend to

    Category:
    0
ctbqwsxjiok's picture
on September 28, 2013

Payday loans are faster to get than credit cards or personal loans since there is no credit check involved. And because payday loans are meant for a short period, usually amonth or less, loan lenders don’t require an extensive background check. <a href=http://www.paydayloanfor.com/>fast loans</a>
Credit checks take time - sometimes a week in fact. And when you borrow big amounts, like with a car or home loan, it makes sense for a lender make sure you aren’t too high a credit risk.
Cash advance lenders deal with much smaller loan amounts, between $100 and $1000, so they can afford to lend to anyone with a regular source of income. Not only do you not have to worry about your credit score with a payday loan, but you also reduce time spent processing your loan application.
Getting a cash advance is also quicker than applying for other forms of credit. By submitting your contact and checking account information, you can be approved within minutes. After a quick verification of your information, your lender can wire your cash into your checking account within one business day and sometimes quicker. A credit card or car loan can take several days to process.

Forum category: