PERSONAL FINANCE BLOG

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Red Leaf Loans
3 Sep 2019

Quick Money Is No Problem With Red Leaf Loans

When the need to borrow some money fast arises, payday loans are often the solution people choose. Red Leaf loans are your standard online payday loans with a little extra patritoic flair, and if that description sounds good to you, you’re sure to be happy with them.

Small Loans For Your Convenience

Red Leaf is a payday loan provider, and that alone can tell you a lot about what to expect from them. Because they are so heavily regulated, this type of financial product is usually extremely uniform in its structure. In this case, the loans themselves come in amounts ranging from $100 to $1,500 depending on how much you are approved for. That in turn depends largely on how much income you bring in each month – the more you make, the more you can safely be counted on to pay back, and the more lenders will feel comfortable extending to you.

No matter how much you borrow, Red Leaf will still expect you to pay it all back within 2 weeks, with interest. That could end up being a large sum to have to get together so soon, considering that these loans are subject to interest rates that come close to or actually hit the legal maximum that lenders are allowed to charge in each province. The amount that applies to you will be stipulated in your loan agreement; read it over carefully and see what the exact amount is before you sign anything so you know what you are getting into.

Your Funds Will Come Fast

Although many look at payday loans like these with skepticism, there is no doubt that they can usually be counted on to come in quickly. Red Leaf loans are no exception. Because they know the value of moving quickly on these matters, you can get your money as soon as the next morning after you’ve submitted your application (provided you didn’t apply in the middle of the night, of course). To be safe, you should allow for a little extra time for unexpected delays if possible, but you can be reasonably certain that they will be able to abide by this timeline. That means that if you have an urgent deadline coming up on a particular bill, these loans might be a workable solution. Even if you’re just a bit impatient and would prefer not to have to wait too long to have this process over and done with, you’ll be pleased with the level of service you’ll get here.

Credit Checks Won’t Stand In Your Way

Borrowing is always a bit harder when you don’t have a good credit score to back you up. That won’t be too much of a problem when you’re applying for these loans. Red Leaf loans do involve credit checks, but more as a formality than anything. The lender just wants to have some idea of what behaviour to expect from the people they work with, and it will rarely have much of an influence on their decision about whether or not to approve you. They advertise that they are happy to work with people who have poor credit or who have never worked on their credit before and still have a blank record. Getting one of these loans may actually help bump your credit score up a little, although they are so short-term that the effect will be very small if it is perceptible at all. Still, the fact that you can access them at all when your credit is in disrepair is the important part, and everything else is just a bonus.

Will You Be Satisfied With Red Leaf Loans?

In order for you to be completely happy with Red Leaf loans, you’ll need to set pricing aside as a factor – they literally could not legally charge any more than they already do. Since that is extremely common with payday loans, though, that’s nothing that should really sway your decision here. As long as you’re okay with getting a payday loan and all the implications that come with that, this lender will serve you as well as any other.