Instant Online Payday Loans
If you’re facing the prospect of having utility service shut off or even being evicted, instant payday loans may seem appealing. But if you consider how instant payday loans actually work, you realize that they’re a trap. Nonetheless, many borrowers with less than perfect credit believe there are no alternatives. Even if they could qualify for bank loans, the processing time is just too long. Fortunately, LoanNow is the better than a bank alternative for providing the money you need, when you need it!
Whether they’re called check cashing stores or payday loan stores, the premise is similar: borrowers submit their financial information along with one or more post-dated checks and receive instant payday loans. On the one hand, there is no questioning the convenience of receiving cash on the spot. But there is also the hassle of getting to the payday loan store during operating hours, no to mention the potential embarrassment of having someone you know see you going in or coming out of such an establishment. And if you don’t have sufficient funds in your bank account to cover the checks you’ve provided as repayment, you’ll be hit with overdraft fees from your bank.
Online Payday Lenders
With online payday lenders, borrowers have the convenience of applying day or night, in the privacy of their own homes. And while online payday lenders often cannot provide instant loans, they often process applications within hours and distribute loans the following business day as an electronic deposit via the Automated Clearing House (ACH) system. But online payday lenders often operate out of state; some are even based overseas, making it difficult to resolve disputes. In addition, some unscrupulous payday lenders make repeated ACH withdrawal attempts, resulting in multiple overdraft fees. And many banks limit the capacity to place stop payments on ACH withdrawals and authorizations. In extreme cases, borrowers may lose their bank accounts altogether.
Instead of putting your financial future at risk with instant payday loans, why not consider the better than a bank loan alternative – LoanNow? With LoanNow, you won’t wait weeks for a decision. Most applications are processed within 24 hours†. And our online-only** application process removes the hassle and potential embarrassment of dealing with a payday loan store. Our responsive customer service department works with borrowers who fall behind to help them get back on track. Our goal is to provide the money you need now and help you improve your financial circumstances over the long term. Why not check us out today!