You cannot plan for everything, no matter how hard you try. Unexpected expenses occur to many people throughout their lives. Medical bills, vehicle breakdowns, or urgent home repairs catch you unaware. Sometimes life has the worst timing, and your next paycheck is still a couple of days away when something pops up. In those cases, you need to find a way to make ends meet until the next payday.
Going through these times is difficult, and adding the stress of financial concerns only compounds the issue. Credit cards are often turned to during these situations, but depending on your situation and credit rating, a credit card may not be your best solution.
Limitations of a Credit Card for Bad Credit
Your credit determines how much money you can borrow in the form of traditional loans and credit cards. While it is possible to get a credit card for bad credit, it isn’t necessarily your best bet when dealing with a short-term financial issue. The application process is long, and in many cases, you need your money right away. That means you need to already have approval before a situation arises. This level of preparation is not always going to happen, and just adds more stress to your life. It is also critical to realize that carrying a credit card costs money in fees, even when you aren’t using it.
How a Payday Loan is Different
Payday loans are quick and easy to apply for, even with bad credit. This step is one of the most time-consuming parts of finding a credit card for bad credit. With a payday loan, you get the amount of money that you need, right when you need it, and you can worry about one less thing. Online loan applications let you apply for your payday loan from the comfort of your home and at any time. Money troubles are a private manner, and we know that applying in person can feel very harsh. Other customers and even the cashiers appear judgmental in some lenders’ facilities. We are here to ensure you have the money you need to get to your next payday and that is it.
How it Works
A simple application form is completed online. A pay stub and some basic personal information are all that is required to process your application. Since no credit check is completed, your credit rating isn’t hurt by an inquiry. It is also much quicker, as we aren’t waiting to hear back from the credit bureaus. Once approved, your money is electronically transferred to your bank account, which gives you quick access to the money that you need. Online payday loans are processed in as little as one hour. This timing cannot be rivaled by any other type of loan.