Posted by admin On November 27, 2013
We all experience financial emergencies in our lives at one time or the other. This is much more a reality for people who depend on a monthly income. It is during such difficult financial situations that we understand the importance of instant payday loans.
When you find that you are unable to deal with your financial situation you can visit http://green-touch.org/ to find help when you need it most. The online loans offered by Green touch are a fast and convenient way to help you put your financial situation back in order. Living from paycheck to paycheck can be difficult at times and a payday loan can be the perfect solution to a difficult financial situation.
The advantage of payday loans by Green Touch is that you can take out a loan for exactly what you need and can conveniently pay back on time. Another advantage is that it is very simple to set up a system of repayment for the loan that you have borrowed. The application process is quick and simple and you get a timeline for repayment that is corresponds with the dates of your paychecks.
Getting a payday loan is advantageous over other loan arrangements because it is not a long term arrangement. You get the loan and once you have made the payment in full the transaction is with your lender is over within weeks of applying for and receiving a direct deposit into your bank without any drawn out obligations. Payday loans from http://green-touch.org/ can be very beneficial when cannot wait for weeks to get an approval letter during an emergency.
It takes a few hours for such loans to be approved and the money is deposited directly into your funds on the same day. It is even possible to find instant approval and get loan transfers inside one hour when you need money fast. Getting a direct payday loan from a lender will also mean that your fee payments are lowered and you get a low APR rate for what you borrow because no commissions and middlemen are involved. You can read some good news about finances at Yahoo News!
Most people who apply for cash advance loans probably have a delicate financial situation on their hands. While they are looking for emergency cash they might be unable to access money due to bad credit backgrounds. By going directly to the lending source they are able to access funds while at the same time enjoying privacy because they limit the number of people the deal with to the direct lender alone.
In a financial emergency situation borrowers are not subjected to many formalities for them to qualify for loans. You can apply for payday cash loans online through the Green Touch website and you do not have to go to the physical address. Traditional lending however requires that you present yourself lending office to answer a barrage of questions.
The rate of interest charged by payday lenders is higher than those charged by traditional lenders. Borrowers however are willing to pay such charges considering that they are in a precarious financial situation and have no other sources of finance. An increasing number of people continue to benefit from emergency payday loans to help them in situations that must be addressed immediately.
Payday lenders only need your name your date of birth and your address. They also need your employment details and the details of the debit card related to your main bank account. You also need to provide details of your bank account do that the loan money is credited into the account.
There are a number of reasons why a payday loan can be beneficial for you. There are instances where other lending institutions will not accept your loan application. Sometimes you might need money very quickly because of an emergency situation.
If you have credit card problem and have a bad credit record you might also chose to get payday loans. You might also require a short term debt that will address present financial situation and then pay back the money on your next payday. If you feel that your situation requires a payday loan Green Touch at http://green-touch.org/ where you will find instant help.
Posted by admin On May 31, 2013
Most people have found themselves in a tight financial spot at some time or another in their lives. There may have been bills due or no food on the table and a week or more remaining until the next payday. Such a situation can be stressful with seemingly few options for help available especially for those without a good credit rating. One alternative used as a solution by many people is the payday advance which is an unsecured short-term loan that is relatively easy to obtain.
Benefits of the Payday Advance
The applications for these types of loans are quickly processed and borrowers do not need a stellar credit record in order to qualify. Often the only requirements to procure a loan are a checking account; proof of income such as a recent pay stub or bank statement; and possibly a character reference. In most cases prospective clients have cash in their hands less than an hour after applying for the loan.
How it Works
There are many such lenders in the market today including both franchises and private businesses and most have similar practices. The potential borrower fills out a short application either in person at a storefront establishment online or by fax. Instead of collateral for the loan the borrower presents the lender a postdated personal check for the amount of the loan along with a small additional fee. In the case of electronic applications once the loan is approved the money is directly deposited into the borrower’s bank account. Similarly an electronic transaction is repaid by taking an automatic draft from the client’s account. The loan is typically due in two weeks. Good news can be found in this site.
Quick and easy money always seems like a good deal but consumers should be aware of the possible risks associated with such a venture. The fee charged for the process can get expensive especially if the loan is renewed at the end of the two week period. In most cases the borrower secures the loan with a check. Therefore if the loan is neither paid by the due date nor renewed the check is sent to the bank. If the borrower does not have enough money in the account to cover the transaction he or she is subject to bank overdraft fees as well as potential criminal prosecution for writing a bad check.
If used wisely a payday advance can be a good thing. This quick and easy loan process can help a borrower who is strapped for cash to stay current with bills and avoid late fees. When compared to the cost of a bank overdraft or late charges on an overdue utility bill the fees charged by payday loan companies are reasonable. The main thing a borrower needs to be aware of when taking out a short-term loan is the necessity of keeping track of when the payment is due. If at all possible it is best to make sure the loan is paid in full by the loan maturity date; because there is an additional fee each time the loan is renewed. If the loan is renewed several times the original purpose of saving money in fees has been defeated. As long as the loan is paid back on time it can be a tremendous help to someone in need.