How to Budget for the Festive Season

The festive season is here and it’s not called the silly season for nothing. It’s the time of year where we seem to throw our budgets out the window and spend, spend and spend, but just because it is the season of giving, it doesn’t mean you have to blow your budget.

There is a lot of pressure to spend money over the season on amazing gifts, but you can still treat your friends and family without draining your bank account and you can stay in budget.

How to Budget for the Festive Season

Setting the Budget

The first thing that you need to do is to create a budget. You will need to figure out what you are able to afford and work out who you need to get gifts for, so you can spread the amount you can spend.

The perfect situation would be to save up throughout the year, but it’s never too late to figure something out. You could consider taking a cash loan over the festive season, but you need to be sure that you are able to pay the loan back.

Another thing you could do is to look at your spending patterns and see what you can save for gifts. You may see that you can temporarily cut down on things so that you can increase the amount of spending on gifts.

Set a solid number for yourself, so you have a hard limit and work within this limit to make the holiday season slightly easier. You do not want to end up in debt just because of Christmas.

Limit Your Spending

The easiest way to make sure you stay within your budget is to limit how much you spend on gifts.

These limits can be set in a number of ways, for instance, you can have a limit per family, per couple or per individual.

You should see what you can afford and go from there.

Making a List

Once you have your limits set for everyone you need to buy for, it helps to create a list of gifts and the amount that they cost, so you know you are sticking to your limits.

You need to be specific about what they want or what you think they would like and what it will cost. If you then see something awesome that uses the whole budget for your partner let’s say, then you know that is all they will be getting.

It will also help to keep you organised, which comes in handy when you are out shopping and are overwhelmed by sales or when you receive an email informing you of a special deal.

The easiest way to stick to your budget and spending limits is to get a gift card or to give the exact amount of cash, but these can be seen as impersonal.

There are still great tips to know…so keep reading…

The 4 Gift Rules

The 4 gift rule is popular with parents for kids, but you can use it for anyone.

The key is to get something:

  • They want
  • They need
  • They can wear
  • They can read

That is, it. You can use this rule with your spending limits and it also puts a limit on how many gifts you can buy, which will help you to focus when shopping.

The rule is practical and stops you from buying gifts just for the sake of buying them. You don’t have to spend a ton of money to have a jolly Christmas, so forget the pressures and just keep it simple.

Focusing on these four areas will create less stress year after year.

What About a Gift Exchange?

This is a great idea for those that have huge families, because your spending can easily get out of hand if you have lots of people to buy for. So, instead of spending a fortune on individual gifts, why not suggest a gift exchange.

A gift exchange is where each person from the family just brings one gift valued at a certain amount and you do a type of lucky dip.

This can work with friends, at work, your immediate family and of course your extended family.

Try a Giftless Holiday Experience

Many people get caught up with the buying and spending over the holidays and they forget actually what the holidays are all about, which is to spend time with loved ones.

A giftless holiday experience is not a popular option, but there are some that celebrate the holidays by spending time rather than money.

You can still get into the holiday spirit by perhaps volunteering or donating to a charity during the holidays.

The idea here is to create new holiday traditions that aren’t focused on presents. You and your family can just get together and enjoy a meal, play games or watch a movie. There is nothing wrong with doing something different for Christmas.

Go Down the DIY Road

If your family is not keen on the giftless or fewer gifts option, then you can save money by making presents yourself. Presents that you have made are more thoughtful and you don’t have to spend a lot of money to make a nice present.

You can create cards, decorations, write a poem, retell a favourite story, knit blankets, scarves or gloves, make your own soap, bake treats and create goodie baskets and so much more.

If you are thinking about getting crafty and making presents then it is a good idea to stick to one idea so you can buy the materials in bulk and save money.

Budgets over the holiday season may seem restrictive, but it is a tool to help you to not blow all of your money and maybe end up in debt. You don’t want to stress about your credit card bill over this time. If you take a cash loan, don’t take more than you can afford, so you know you can pay it back.

Your loved ones will understand that you don’t want to spend more than you have and that it’s not what Christmas is about. Focus on spending time with your loved ones and appreciate the moments with them and they will be grateful and appreciate your thoughts behind your actions.

 

Surprising Benefits of Instant Payday Loans

Bills don’t wait for you and financial emergencies always seem to arise when you are the least prepared for them whether it is a hospital bill or a car repair.

However, if you are in a financial crux then you do have options like instant payday loans, which aim to help people. These loans are smaller loans with short terms that will help you through a rough patch until your next paycheck.

Here is a look at some surprising benefits of instant payday loans.

Quick Cash

An instant payday loan is instant, which means you will be able to get the money that you need and fast.

A payday loan is easy to apply for and you will receive the money that you need within just a few hours. This is highly useful for someone that needs to pay an unexpected bill immediately so that they are able to avoid any late fees.

You can easily end up in more and more debt by missing payments and getting a payday loan to cover these will supply you with more time to get your finances back on track.

There are No Credit Checks

The majority of payday loan lenders will not even look at your credit report after you have applied. This can be a huge benefit to those that have had a knock on their credit report and are now sitting with bad credit.

Usually, if you have bad credit traditional lenders will reject your application, but payday loan lenders will give you the approval that you need and quickly and you can get the money.

Your Credit Rating Is Protected

Generally, payday loans are not reported to credit reporting companies, so your credit score will not be affected.

This then makes payday loans a good way to work on your immediate debt without it creating penalties on your credit rating.

However, you will need to make sure that you are able to pay off the instant payday loan, because if you can’t then the lender does have the right to report you to a debt collector and this will appear on your credit report.

Wait…There are more benefits…

You Don’t Have Any Credit

There are many young people that have not yet built up enough credit, which means they will struggle to get a loan from a bank.

Making monthly payments on a car or a mortgage, shows banks that you are able to repay debt on time and without this, they may not even look at your application.

However, you may face the same financial situations as an adult, but without any credit, you are not able to get a traditional loan, but you are able to get an instant payday loan, which will then help you in times of emergency.

A payday loan does not require you to show proof of credit in order to be approved. You will just need to be 18 years old, have a checking account and a steady income.

Interest Rates are Capped

There is another side of instant payday loans though. In return for getting the cash that you need quickly, the interest rates are higher than longer term loans.

The interest rate on a payday loan can be anything between 15 and 30 percent.

However, many countries have capped the amount of interest that can be charged on a payday loan, so have a look and see if there are caps on the interest rate for the loan you are interested in.

Getting Higher Amounts

You will need to be aware of the amount that you are able to borrow through an instant payday loan. A payday loan is a short-term loan, which means the amounts that you can borrow are quite small.

Have a look at the maximum that you are able to borrow and comfortably afford and determine if it is enough to cover all of your expenses that you need to pay.

If not, then you will need to look at building equity so you can borrow more.

You can do this by proving that you are worth the risk. If you have borrowed from the lender before and paid the loan amount and the interest back on time then they may allow you to borrow more the second time and slowly raise the amount of money they will lend you.

Also, the amount that you are able to borrow from a payday lender will depend on your monthly salary as they will not lend you more than you can afford.

They Are Just Easy

Payday loans are super convenient and you are able to apply and be approved online. You will not need to go anywhere or have wads of paperwork to apply for a payday loan as you can do everything from the comfort of your home with a computer.

Also, instant payday loans give you cash, which means you are able to use the loan on anything you like. Traditional loans usually have a specific purpose attached like a car loan can only be used for a car.

With cash that is paid directly into your bank account, you have the freedom to spend it on what you need.

Instant payday loans are beneficial to those that need them for a financial situation that may arise and as long as you pay the loan and the interest back on time, you will have no issues using an instant payday loan.

 

Basic Requirements for a Payday Loan

Payday loans do have many advantages and one of these is that the requirements for potential borrowers are pretty basic. There is not a huge amount of paperwork to go through like with traditional loans where the criteria is pretty strict. It is actually quite easy to get approval for a payday loan compared to other loan types.

All payday loan lenders will have their own criteria, but the basic requirements are:

  • You need to be a citizen of South Africa
  • You will need to be over the age of 18 and provide a proof of identity
  • You will need to provide contact details like a telephone number, address and a proof of address like a utility bill
  • You will need to provide a proof of income and you may need to earn a certain minimum
  • You will need to have a valid banking account.

No matter what your credit score is you are able to apply for a payday loan. You will not need to provide any collateral in order to take the loan either. It is then pretty easy to apply and qualify for a payday loan. You should check your lender’s criteria before you apply and make sure that you meet their requirements.

Improve Your Credit and Qualify for a Personal Loan

One way that you are able to meet your financial needs or to consolidate high interest debt is to get a personal loan. This is because a personal loan will usually have a lower interest rate compared to credit cards and offer structured repayments.

However, if you want to qualify for a personal loan then you will need to have the acceptable minimum credit. The better your credit score is then the more advantageous the terms of your personal loan will be.

If you need to improve your credit before you can qualify for a personal loan then here are some ways you can do this.

Know Your Credit Score First

The first thing that you need to know before you start improving your credit is to know how your credit score is calculated. Your credit score is a 3 digit number that ranges and as a general rule the higher your credit score the better it is. Anything below 600 or so can be considered a risk.

The score that you have is based on your payment history, how old your accounts are, your credit usage, the types of credit you have and how many new accounts you apply for. These all carry a percentage and contribute a certain amount to your score.

Once, you know how your credit score is calculated, you are able to take steps to make sure that you don’t hurt your credit score.

If you wish to improve your credit then you will need to know where the problem is by getting your credit report.

You might be wondering how you can get your credit score higher…

Time to Improve Your Credit Score

Once you have a copy of your credit report, you should first check it for any inaccuracies. Go through your report and see if there are any mistakes, like someone else’s credit under your name. You should get these mistakes fixed as soon as possible by reporting them to the credit bureaus.

Other inaccuracies may include untrue information like a debt is reported as default when it is actually now brought as current and paid. You should contact the creditor directly and ask them to fix the issue. You should also notify the credit bureau of this mistake.

A good percentage of your score is based on the amount of available credit you use. Lenders do not want to see that you have maxed out credit cards or high credit usage as this shows that you are actually living beyond your means and that you might find it difficult to keep up with payments in the future. Your credit usage should be around 30% of the credit that is available to you and if it is more, you should focus on paying these debts.

You should contact your creditors and ask them to remove black marks. If you have a good relationship with your creditor that is reporting a late payment, you can call them and ask them if they will be willing to remove the record of the late payment. There are some creditors that will do this, especially if this is your first late payment.

If you are trying to improve your credit then you should refrain from opening new cards. If you open too many cards then you will have too many inquiries on your credit report. Lenders may see this as you are about to go on a spending spree. You should not take any new loans or open new cards if you plan on applying for a new loan in the close future.

Lenders like to see that you have different types of credit as it can show that you have been responsible for paying various types of loans off like a credit card, mortgage debts and car loans.

If you have a friend or a family member that has good credit then you should see if they are willing to list you as an authorized signer on one of their cards. This will mean that you do not have to apply and they don’t even have to give you the card. Once you are an authorized signer, the credit history of that account will be reflected on your report and this could raise your credit score.

If you are applying for a personal loan with your bank then they might be willing to use traditional underwriting standards. This means that your entire application is looked at and not just your credit score when they decide whether or not to give you a loan. If they are willing to do this, then they may also take into account evidence of why you have bad credit like if you lost your job, for instance, and give you a loan anyway even if your credit is not the best. This is also based on that your past mistakes are unlikely to repeat on the new loan.

Once you have improved your credit, you will find it easier to qualify for a personal loan that you may need. Focus your efforts on improving your credit. You are able to get a loan with bad credit, but you will often face very high interest rates and the only way to avoid this is by creating a better credit score.

 

Reasons Why SA’s Economy May Take Another Hit

The economy in South Africa has been bleak in 2017 with two credit downgrades to junk status and a recession. Moody believes that the economy could get worse for a few reasons.

A Divide in the ANC

It is thought that between 30 and 40 ANC MPs voted against Zuma in the recent vote of no confidence. This shows that there are rising political tensions within the ruling party leading up to the elections in December. With political instability, investments will remain low.

Unemployment Rate

The economy is being undermined by the unemployment rate in the country, which os over a quarter of South Africans.

Changes to the Mining Charter

New investments in this sector will be delayed due to the continued uncertainty in regards to the legal aspects and regulations. The value of the rand took a hit when Minister Zwane’s made his proposal that 30% of companies should have black ownership.

Failing State Owned Enterprises

SAA is a prime example of this as the airline company has been taking constant bailouts and loans. SAA received R2.3 billion from the National Treasury in early July so that it was able to pay back a loan to Standard Chartered Bank.

(Source: https://www.thesouthafrican.com/these-are-the-seven-reasons-why-sas-economy-could-take-another-huge-hit/)

 

What to Look for in a Loan

The right personal loan will be the one that suits your needs, your affordability and your assets, but with so many products on the market, it can be difficult to choose a personal loan. However, here are some things that you should look for in a personal loan.

The Interest Rates

The interest rate that is charged on your personal loan will make a huge difference to the amount that you owe. The interest rate that you are charged will depend on if you take a secured or unsecured personal loan.

An unsecured personal loan is where the loan is not secured against an asset, which makes it a higher risk loan, which means that it will have a higher interest rate.

A secured loan has an asset attached that acts as security, which means that if you fail on your payments the lender is able to seize your asset to pay for the loan. A secured loan generally has lower interest rates.

Repayment Flexibility

It is useful for your personal loan to allow extra lump sum or regular payments in addition to the normal monthly payments that you will make. If your personal loan allows this, it gives you the freedom to pay off more when you can and repay the loan ahead of time.

However, make sure that your personal loan doesn’t charge an early repayment fee. This fee does vary depending on the lender, so try to find a loan with no fee or a small fee.

Loan Fees and Charges

Your overall loan cost will be greatly affected by the fees and charges that are applied. The interest that is charged will need to be balanced against the other fees so you can get the best deal on your loan.

Customer Service

As with anything, a lending institution needs to have a good customer service behind it. The ideal service is one where you can access your loan conveniently with online banking, make extra payments and contact the customer service through a helpline.

Overall, the customer service should be able to answer all account queries that you may have efficiently and effectively.

A Comfortable Short-Term Loan

A personal loan with a longer term will mean that your monthly repayments will be less, but keep in mind that the longer your loan term is then the more expensive it will be because you will be paying more interest.

You should consider a short-term loan, especially if you only want to borrow a small amount of money. With a short-term loan, you will be able to pay your debt off sooner and incur less interest, but your monthly repayments will be higher.

You will then need to compare the loans and decide what you are able to comfortably afford.

Wait…Don’t just apply for a loan…

What You Need to Know Before Applying for a Loan

If you are shopping around for a personal loan, then there are some things that you need to know before you apply.

Borrowing Less with an Unsecured Loan

There are unsecured and secured personal loans. An unsecured loan is considered to be higher risk, which means that you can only borrow a small amount. You can usually borrow more with a secured loan.

A Secured Loan Is Against an Asset

A secured loan is where the debt is held against an asset like your home. This then means your home will be at risk and could be repossessed if you fail on your monthly repayments.

The size of the loan that you can take will depend on the equity that you have in your home, but you should never borrow more than you can afford.

Have the Best Credit Score for the Best Rates

The fact is that the better your credit rating is the better the interest rate you receive will be. If you have a bad credit rating, then it is a good idea to first improve this before applying for a loan, so you can get a better rate.

The Longer the Loan the More You Pay

The amount that you need to pay each month will depend on the amount that you want to borrow and the period that you have to repay the loan.

If you choose a longer term than your monthly repayment will be lower, but in the long run, the loan will be more expensive because of the interest.

The term of your loan should be based on the maximum that you are able to afford each month.

Consider a Credit Card for Short Term Lending

If you only need to borrow money for a short period of time like less than a year then it might be a good idea to use a 0% interest card. These cards will give you a certain amount of time where 0% interest is charged so you can pay back the money in this time. At the end of the 0% period, interest will be charged.

It Might Cost You to Pay Back the Loan Early

There are many lenders that charge an early settlement fee. This is a penalty that you need to pay because you repay the loan earlier and is charged because the lender is missing out on a chunk of interest.

Hidden Fees

You should always read the terms and conditions carefully and look for any hidden fees. You will need to add these fees to the overall cost of your loan.

The Rates Might Be Variable

The rates that you pay on an unsecured loan are usually fixed but many secured loans may have variable rates, which means that your repayments could rise. Make sure you know what you are signing up for so you don’t face any surprises further down the road.

There are a number of personal loan options out there and you will need to shop around in order to find the one that is best suited to your financial needs and capabilities. An easy way to compare loans, is to use a comparison website that sources the best loans for you.

Top Loan Offers Right Now

Are you feeling the mid-year crunch? Do you need some help? Take a look at these top loan offers right now.

Loan SA

Loan SA offer a fast and convenient way for you to apply for a loan. The process just takes 3 minutes. Loan SA are also able to help you if you have a poor credit rating. You can apply for a loan online and not have to deal with a mountain of paperwork.

Loan SA details:

  • Borrow up to R150 000
  • Interest – 27%
  • Maximum Loan Period – 60 months

If you would like to find out more click here.

Udu Loans

Udu Loans offers an online self-service loan management portal and utilises the latest technology so that the process is easy and quick. You can choose the amount you want to borrow and your term before you borrow, so you know what your monthly payments will be.

Udu Loans details:

  • Borrow up to R150 000
  • Interest – 28%
  • Maximum Loan Period – 60 months

If you would like to find out more click here.

Cash Loans

Cash Loans offers an easy and quick online application so you can get the money you need. They are also able to help those that have a poor credit rating, defaults or a garnishee order. You will get instant access to your loan.

Cash Loans details:

  • Borrow up to R150 000
  • Get a pre-approved under an hour

If you would like to find out more click here.

Loans Unlimited

Loans Unlimited have been helping Platinum Club Members find the best cash loans with the best interest rates. You will find it easy to understand the loan that is on offer to you as everything is set out.

Loans Unlimited details:

  • Borrow up to R150 000
  • Interest – 26%
  • Maximum Loan Period – 72 months

If you would like to find out more click here.

Mpowa

Apply for a loan online with Mpowa and you can receive your loan the same day. Mpowa allows you to borrow a small amount of money for a short period of time, making your loan easier to manage.

Mpowa details:

  • Borrow up to R2500
  • Interest – 5% per month
  • Maximum Loan Period – 31 days

If you would like to find out more click here.

How to Get a Loan If You Are Blacklisted

It is actually possible to get a loan legally even if you are blacklisted, however, most banks will not actually allow this, but you will be able to find private loan companies that are willing to help.

If you are trying to take a loan and you are blacklisted then you need to know that the terms of the loan will change as your bad credit history will be seen as a risk.

It is not uncommon for people to face financial stress and end up as being blacklisted. If you fall behind on payments your credit history will become bad. If you have a bad credit history and become blacklisted then you will be denied further credit. Also, if you do manage to pay off your debt, this will not mean your blacklisted status will just go away.

You have obviously become blacklisted because you are in debt and not able to pay, but it can also mean that you end up falling deeper into debt, as you will not be able to get a personal loan in order to cover what you owe.

Most forms of credit will become unavailable to people that have bad credit, but there are other places you can get a loan from. You are able to take one of these loans and cover all of your debts and only have the one loan to pay back.

You will need to do your research though if you are looking for a blacklisted loan. You will need to find a reputable and accredited company and compare a few offers so you can find the best one for you. Keep in mind that because of your bad credit, you will pay a higher interest rate.

So…You might be wondering how this works…

How Do Loans for Blacklisted People Work?

There are a number of loan lenders that are willing to help those that are trying to get out of debt. This is because these companies understand that you may have faced a difficult financial time and are still struggling.

If you are in need of a loan when you are blacklisted then you shouldn’t approach a normal bank as you will not be able to get a loan from them. It is very difficult to get approved by a bank because they have a strict criterion, that you probably won’t meet because of your bad credit.

It is a good idea to contact a few lending institutions so that you can look at all your options. Also, loan lenders will offer different rates and will have a different qualifying criterion, so you should compare companies, so you can get the best loan that suits your needs.

However, if your loan application has been denied for whatever reason or you don’t want to have to deal with high interest rates, then here are some other options that you could consider.

Other Options Apart from a Loan

Get a Home Equity Line of Credit

If you own your home and have built enough equity then you might be able to get a low interest line of credit on your home. The money that you receive can be used however you like.

However, the problem with doing this is that you will put your property at risk if you are not able to pay the loan back.

If you have a monthly income that enables you to pay down your line of credit, then this could be an option no matter what credit score you have.

Get a Peer to Peer Loan

Peer to peer loans is a great alternative to the usual loans. You are able to find peer to peer loans online and involves you borrowing money directly from an individual and not a financial institution.

Peer to peer loans have become popular, because they are a streamlined way of borrowing money and the interest rates are relatively low and investors are making more on the interest than they would if they left their money in the bank.

Borrowers will post their loan listings on the P2P site, which includes the amount that they wish to borrow and what the money will be used for. Investors will then go through these listings and choose the ones that they want to be part of.

Lenders will screen applicants and check credit history, but even though your credit score will play a role an individual might be more willing to take the chance and are more sympathetic to your situation than a bank.

Wait…There are a still a few ways more to borrow money…

Borrow Money from Family

If you are still not having any luck then you might need to consider approaching family or friends and ask them for the money.

If you choose to do this then it needs to be handled as loan and correct terms should be drawn up, which is then signed by both parties.

Having a written agreement that stipulates the interest rate, the term of the loan and any collateral that you are using will help to avoid misunderstandings down the road. It should also stipulate what will happen in the event that you are unable to pay the loan back.

However, borrowing money from family or friends can be complicated and it could risk you ruining relationships.

Find a Co-Signer

You could ask a family member or a friend to be your co-signer on a loan. They will need to have good credit score and as long as they trust you to repay the loan, they might be willing to help you. You will have a better chance of getting the loan you need when you have a co-signer, if you are not able to get a loan yourself.

However, if you fail to repay the loan, then the lender will attempt to collect the full amount from your co-signer. Also, the payment history for this loan will show on your credit report and in your co-signers. This could mean that your co-signer will suffer damage because you did not pay the loan.

The only other way that you will be approved for a loan from a bank is to bring up your credit score, however, you do have other options if you are blacklisted or have bad credit.

There are a number of lenders that are willing to help those that are blacklisted and will lend the money that you may need. You should look at these options and find the one with the best interest rate, but keep in mind that this will always be higher than the average that a bank charges. The high interest shows that you are a risk, but you can still get a loan.

What is a Cash Advance Loan and How Does It Help?

If you are in need of some quick cash then you are able to take a cash advance or a payday loan. These loans can either provide instant cash or will give you the money within 24 hours. This can be useful if you are faced with an emergency and you need money immediately. However, the convenience of a cash advance or a payday loan comes with a fee in the form of high interest.

How Does a Cash Advance Work?

There are two main types of cash advance loans that are able to provide quick cash. The way that these two types work slightly differ as well as the fees and the qualification for them.

The first of these cash advances is a cash advance loan that you take on your credit card. If you choose this then you will need to have a card open already so that you are able to use it to get quick cash from it.  If you do not already have a credit card then it may take a long time to apply and to be approved. If you already have a credit card then you are able to use it an ATM with your pin number in order to draw cash from it. Another option is to request cash advance checks online or you are able to call your credit card company to request this. This cash advance will appear on your credit card statement and you will be charged a higher interest rate for this. A cash advance can also be no larger than the limit that is set on your credit card.

The other type of cash advance is a payday loan. With a payday loan, you will need to visit a payday loan lender or find a payday loan lender online. You are then required to submit your bank information and other identifying information. With a payday loan, you will not need to provide information on your credit score or undergo a credit check. A payday loan is a short-term loan, which is usually a couple of weeks. In order to pay back the loan, you will either need to write a post-dated check or give the payday loan lender permission to debit your bank account with the amount that you owe. The repayment that you make will be the amount of money that you borrow and the fee. With a payday loan lender, you are either given cash immediately or the money is transferred to your bank account within a few hours.

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Both of these cash advance loan types gives you quick cash, but keep in mind that the interest rate on these can be quite high.

You might be wondering how you can find a same day cash loan…

Finding a Same Day Cash Loan

The best way to find a reputable lending institution is to conduct a search online. Payday loans are freely available on the internet and you will easily be able to find payday loan lenders.

Online payday loan lenders will usually have a website where you are able to apply with ease. You are also able to search for customer reviews to ensure they are a legitimate and reputable company.

If you do not have access to the internet or prefer actually seeing someone to get your payday cash advance then you can take a look in your local business directory for a lender in your area. You are then able to visit the location and apply in person for your cash advance loan.

When you apply for a payday cash advance, you will need to provide personal information and a proof of income.

What to Consider When Applying for a Cash Loan

When you are applying for a cash advance loan, you need to keep in mind the rules and regulations in place as well as the specific policies and procedures that are in place by the lender. You need to know and understand these as they can give you information that you need that can help you in selecting the best payday lender for your needs.


A cash advance is a small and short term loan that can help you to pay any unexpected bills, pending late fees and help in times of emergency. Payday loans is huge business, so you will properly find quite a few lending institutions in your area.

Wait…How does a cash advance help…

10 Way a Cash Advance Loan Can Help You

Here are the main ways that a cash advance loan can help you to get back on track financially.

  1. There are plenty of payday lenders and you will usually find them in every city and spread nationwide. This means that it is super easy for you to find a lending institution in your area.
  2. Payday loan lenders actually have tracking systems, which stop you from taking multiple payday loans at the same time. This actually protects you from entering into more debt then you are able to handle and you can focus on paying back just the one loan.
  3. Payday loan lenders operate out of normal banking hours, so they are open for longer and on weekends. This means that you are able to get a cash advance when you need it and with online lenders, you are able to apply at any time.
  4. Qualification for a payday loan is easy and quick as you will generally only need to prove that you have a regular income and that you haven’t left any previous payday loans unpaid.
  5. There are multiple ways that you are able to apply for a cash advance loan, which makes the whole process a lot easier. You are able to apply in person and receive your cash in hand or you are able to apply online at any time. You are also able to give your information to the lenders in a number of ways.
  6. There are many payday loan lenders that will allow you to handle every part of the application online. You will fill out an online form and submit documents if needed online. This makes application very convenient and you can receive your loan anytime and anywhere.
  7. With a cash advance loan, you are able to avoid late fees that you would otherwise face as you do not have the money needed to handle essential bills.
  8. As a consumer, you are protected from high interest rates, so you need to know the laws in place that govern payday loans.
  9. You are able to receive your payday loan in a number of ways depending on the payday loan lender you use. You are able to get your money as cash, money order, check or as a direct deposit into your bank account.
  10. Most payday loan lenders will not do a credit check, which means that even if you have bad credit, you are still able to get a payday loan.

A cash advance loan can be very useful in emergency financial situations and with other expenses that you need to pay. Even though these loans do have high interest rates, these loans are able to help you. Make sure that you know all the rules, regulations and terms and conditions of the payday loan, so you know exactly what is expected from you and what you are getting into.

What Are 1 Hour Payday Loans and How They Work

If you are in the middle of a financial crisis and are worried that you will not have enough money until payday then you could consider getting a 1 hour payday loan. A one hour payday loan is an easy way to get the cash you need when you need it.

Payday loans are usually for a small amount of money and are borrowed for a short period of time. With a 1 hour payday loan, you are able to get your money in less than an hour.

When Should You Take a 1 Hour Payday Loan?

A payday loan has its benefits especially in times of emergency and when you have unexpected expenses like bills that you need to pay. A loan will give you the money that you need when you need it.

Payday loans have quick application and you are able to apply online and receive the money almost immediately.

You will usually need to just go online, apply and receive approval and the money within an hour. Also, payday loans don’t usually require a credit check so you are able to get a 1 hour payday loan regardless of how your credit is.

Applying for a 1 Hour Payday Loan

An application for a payday loan will usually ask for personal details like your name and address as well as recent pay slips that show your monthly income.

You will also need to give the payday loan lender your checking account details so the lender is able to electronically transfer the money to your account.

Once, you have completed the application, you will generally hear from the lender in just a few minutes on whether you have qualified for the loan. Most lenders, will usually approve a loan for a certain amount based on your income.

A one hour payday loan is a great resource when you have expenses that you could not otherwise cover on your own. Payday loans are small amounts of money and will need you to pay the money back by your next paycheck.

Where to Get a One Hour Payday Loan

You can get a one hour payday loan from your local payday loan lender and you are able to get one online as well. An online payday lender will deposit the money into your bank account. Both of these will give you the money that you need in an hour of application.

If you would like to get a one hour payday loan, then you need to be prepared and have all necessary documents in order.

Payday loan lenders will not look at your credit and you will not have to have a good credit score in order to get one of these loans. However, they will require you to prove that you are employed and have a regular income. This is to ensure that you are able to pay back the loan.

With a payday loan lender, you will need to state the amount that you need and this is usually limited, which makes them small loans and it will need to be paid back by your next paycheck.

The lender will inform you of the fee and interest that you are charged and you may need to write a post-dated check or you will need to give them your bank account information so that they are able to take the money when its due.

The payment that you make will include the amount that you have borrowed and the fee.

You might be wondering about the benefits…

The Benefits of a One Hour Payday Loan

A 1 hour payday loan can help in times of emergency and when you have unexpected bills to pay. A one hour payday loan has a number of benefits as long as you pay the loan back when it is due, which is normally by your next paycheck.

Here are the benefits of a one hour payday loan.

Secure

All information that you give to a lending institution is completely safe and secure and these lenders will not share your information with others.

Fast

The application process for a payday loan is fast and the application can take less than 20 minutes.

Easy

Qualifying for a one hour payday loan is easy as you will not be required to undergo any credit checks and they only require personal information and a proof of income.

Protection from Too Many Loans

Payday loan lenders will track if you have any existing or outstanding payday loans and are able to prevent you from taking out more than one loan at a time. This stops you from borrowing more money then you able to afford.

There are Laws

There are laws in place that will protect you from high interest rates and fees that are associated with payday loans.

Wait…there are even more benefits…

There Aren’t Any Restrictions

Payday loans do not have any restrictions and you are able to use the money that you borrow for anything.

Caps on Interest Rate

Interest rates are capped, which helps to prevent the cycle of debt.

Convenient

Payday loan institutions will operate beyond normal banking hours, which means that you are able to get a loan when you need it. Also, you can apply online for a payday loan at any time.

No Credit Check

Payday loan lenders will not normally require you to pass a credit check in order to get a one hour payday loan.

Easy to Pay Back

Your income will limit the amount of money that you are able to borrow, which makes it easier to pay the payday loan back when you get your next paycheck.

When you are in a financial situation and need a small amount of money and quickly, then a payday loan could be the right choice as you are able to get the money that you need when you need it. With a 1 hour payday loan, you can get the money in less than an hour. You will not have to go through any credit checks, which makes it suitable for everyone that needs money in an emergency. The money that you obtain from a one hour payday loan can be used on anything, but remember that it has to be paid back by your next paycheck.