If you are new to payday loans, it may surprise you to realize that borrowers receive the funds right on the spot. 99% of the time, you get your money within a few minutes. Why, it’s almost like visiting an ATM machine and just getting the money out of there!
But how does this help a borrower? This instant response by payday loan companies is actually one of its greatest benefits. Because if you are in need of money that stretches your paycheck just a bit further, we know you’ll be thrilled to get it so quickly. We bet if you’ve needed this money, you already asked family, friends and coworkers too if you could borrow a bit of money from them until payday and they turned you down. So to know you can get a payday loan and to get the money ASAP is a huge relief. Let’s talk about some of the ways this can help an individual or a family with paying a bill.
There’s absolutely no waiting for approval. When you apply for a payday loan, all they want to confirm is that you have a job and a recent paycheck. It’s a very simple process to go through that gets you this loan. Why, no other bank or lender is going to make it this easy for you to obtain this money. With a payday loan, you’ve got your money in hand, in less than 5 minutes. So you’re ready to get out there and go take care of everyday life. You do not have to spend your time and effort worrying about this bill, because you’ve taken the proactive steps to manage that effectively.
Using a payday loan, you can pay the money you owe right away. Now this is a tremendous benefit. Because you get paid in 5 minutes, you can then order a Western Union, get a money order or deposit the money in your bank to put a check in the mail. Paying that bill is critical for you and your family. You’ve taken the time to go and get a payday loan, and now it’s easy to just pay the bill. Since you get the money so quickly, you can respond to your creditor in a very timely manner. This helps you to have a great relationship with them. You can say with confidence to them, “Yes, I will pay you on Wednesday” and get the payday loan on this day and then turn around and pay them this very same day. There truly is no other type of loan where you will get this type of quick approval to meet your needs.
If you are turned down, you can right then start to think of options. Now this rarely happens, as the approval process is quite simple – you need a job and a recent paycheck. But let’s say for some reason you are turned down, perhaps you do have a job but do not have a paycheck to show them. If you are one of the rare people who gets turned down for a payday loan, getting this turndown quickly will help you start to look at options without wasting time. Just think about people who apply for other types of loans and they wait several weeks for an approval. If they are turned down, then even during those several weeks they have needed that money but they thought they had a solution that was going to work for them. You’ve only spent about 15 minutes with a possible solution, which is much more efficient than many lending options you’ll ever find.
When you have an urgent need for your family, this can greatly reduce stress to get your payday loan money quickly. There is simply no greater feeling than when you receive the money from your payday loan and you realize that you can pay for your child’s school trip, or your child’s sports team uniform or to pay for a much needed car repair. Whatever the concern is, it is clear that you needed money right now and that it couldn’t wait until you got your next paycheck. Because that’s why payday loans are here to help you! To take care of those immediate needs that stress you and your family out, so you can sleep easy and have that great peace of mind each day.
This gives borrowers great confidence when applying for a payday loan that they will be able to take care of their bill. Now this is one of the biggest reasons people love that payday loans give instant payment. A borrower feels that wonderful “jolt” of confidence, knowing that they have the cash money in their hands to take care of the bill that is so important. So there is no more worrying about the utility bill or that medical bill. Doesn’t it feel good to pay a bill, when you know that creditor is pressing you for the money and it’s been due for awhile?