If you think you’re the only one experiencing cash emergencies, you’re wrong. People face this situation more frequently than you think. Sometimes, the problem is confounded by the lack of cash options. When funds are exhausted and money sources dry up, people turn to pay day loans, such as those offered by a loan company.
Who are good companies?
Paydayloan companies are financial services providers operating in the United States. Pay day loans are just one of their many financial products. They have branches in five states – California, Colorado, Idaho, Nevada and Washington. Its first branch opened in 1983 in Renton, Washington.
How do I qualify for a pay day loan?
When you apply for a pay day loan with this company, you will be asked to provide certain information regarding your employment details and source(s) of income. You also need to have a checking account in order for your pay day loan to be approved. Pay day loans with laon companies are essentially unsecured and are only backed up by your postdated checks, so you will need to be able to issue those in order to qualify.
How much can I possibly expect to borrow with a pay day loan?
They operate following the strict regulations of the particular state they are in. Since most states regulate how much money you can loan, the loan company will ensure that regulations are followed while giving you the best service they possibly can.
However, you do need to be able to complete the requirements. The loan company will also look at your ability to pay back your loan amount based on your income. The more capable you are of paying back your loan, the higher your loan amount.
How much interest and what type of fees can I expect with a pay day loan?
The interest rates and fees differ, depending on the state you’re living in. Since most state laws regulate these fees, the loan company ensures that they operate within the set limits. However, you can be sure that the loan company will charge a standard rate and offer the best possible rates for your loan.
Will they check my credit history?
the loan company will not review your credit rating because their pay day loans are not dependent on your credit record. They also will not require that you provide a security deposit. They will, however, base their loan approval and your final pay day loan amount on your income and ability to pay back your loan.
Do I need to have a contract with them?
The loan company will ask you to sign the Loan Agreement and Disclosure Statement. This is your contract for the particular business transaction you are about to participate in and will outline the terms of your pay day loan, including the annual percentage rate, fees and the pay day loan amount. This is a very simple document to consider and sign to make sure that you know and understand the loan terms completely.
How do I apply for a pay day loan with the loan company?
Online: Obtain a copy of their pay day loan application form from their website and fill it out. You can either fax this form or scan a copy to send as an e-mail to the loan company. A customer service representative will then review your application. You can expect a call from them within one hour to inform you if your loan has been approved, as long as you submitted the form during business hours. If not, you can expect their customer service representative to get in touch with you within an hour of the next business day.
Through phone: If you prefer to transact on a person-to-person basis, simply call up their customer service representatives and have your loan application processed over the phone. You will need to complete your paperwork and have your documents ready when you go to visit their branch.
I’ve transacted with a loan company before. Can I still do business even if I’m already living in a different state?
Loan companies have branches operate using a centralized client database. Whatever information you provided during your first transaction with them will be easily accessed and used for reference the next time you do business with them. The quality of service is also maintained in all branches.
Where do I find a loan company branch?
If you wish to obtain a pay day loan from a loan company, simply find a branch in your location by doing a Google search for the nearest loan company in your area.