Before getting to the point of finding a trustworthy loan lender using a few tips and increase your chances of getting a loan in 1 hour . First, look at some of the common reasons to face payday loans with guaranteed approval rejection at most times. * Do Not Have Sufficient Income: It is a truth that the federal government no longer requires borrowers to have a monthly stable income to become eligible for payday loans. Still, most of the lenders do not follow this practice and want you to earn a sufficient monthly income. Because, in case you do not, then the loan will be rejected. * Fail to Credit Check: Although payday lenders accept bad credit holders and offer the loan at higher interest rates. Still, there are few lenders who do not consider the profile of bad creditors and reject the same. * No Bank Account: The majority of lenders follow the practice of offering loans to borrowers having a bank account in their name. It is because they enable the auto-debit opti...
Payday Loans - Guardians of Life in a Stormy Sea or Fodder in Shark-Infected Water? It depends on who you ask. Providing a way for people with limited means to use cash for emergency expenses seems nice on the surface, but Payday loans are not as easy. Some argue that they are hunters, taking advantage of people in dire need of cash with small repayment windows and hefty fees. Others either trust them to meet them or argue that Payday loans have a higher APR claim than the argument that rental cars have higher APRs. Payday loans are an institution in the United States since the 1980s, but do they help or hurt that in need? The answer seems to be more than the latter; with twelve states completely banned, payday loans may soon be a thing of the past. For those who see themselves in need of quick cash, there are many options in which loans are lower, which are less risky, and when combined with healthy financial planning and debt improvement activities, the borrower is likel...