Emergencies and unexpected costs can happen to anyone at any time. Very few people have the extra cash on hand to pay for unanticipated expenses such as medical bills or urgent repair/replacement costs. In fact, nearly a third of Americans have what is widely considered to be “bad credit,” making it incredibly difficult to obtain a short-term loan through the bank or other traditional means. Services that offer payday loans online same day are an option that can bring immediate relief to those in these stressful situations. Here at Bonsai Finance, we can help you find a lender with terms, rates, and fees that can work with your lifestyle.
What Are Payday Loans?
Payday loans differ from other types of loans in a few ways. Traditional loans typically require some form of collateral, an in-depth credit check, and are paid back over the course of several years, since they often come in large amounts. Payday loans are short-term loans that typically fall due on the same date as your next pay check. There is often no credit check associated with them, and they are in moderate amounts. At Bonsai Finance, we do not ask you for any collateral for these types of loans, nor do any of the lenders we work with.
Applying for Payday Loans Online
While there are numerous payday loan shops throughout the country, very few of them permit online applications. For those with busy lifestyles, medical concerns, or who simply prefer not to disclose private information to someone they may encounter in other areas of their life, online applications are the perfect choice. When you use our service, you have access to multiple lenders. Our associates take your information and use that to find you the best loan at the best rate. This gives you more options, more favorable repayment terms, and access to better rates than if you were to go to a brick and mortar store.
Payday Loans Online Same Day Approval
One of the most stressful parts of applying for any type of loan is the time you spend waiting to find out if you are approved. Individuals who need that money for repairs or medical expenses in particular need to get a quick answer, if only for peace of mind. When you use Bonsai Finance, our experts get to work on your file quickly, ensuring that our clients can benefit from our payday loans online same day approval services.
What to Have with You
Before you sit down to complete your application, you should be sure to have everything you need with you. First, you should have some form of proof of employment, such as a letter from your employer confirming your job, pay frequency, and amount or a paystub. This information lets our lenders know that you do have the ability to repay the loan. If your pay checks vary from week to week, you may want to have two or three with you. The last thing you should be sure to have is your banking information. This lets our lenders deposit your loan directly into your account, saving you a lot of time and hassle.
If you have bad credit, you do not need to find yourself stuck or in a stressful situation when unanticipated expenses arise. At Bonsai Finance, we can set you up with lenders that offer payday loans online same day, with an easy application process and same-day approval, giving you closure and peace of mind to an otherwise incredibly stressful situation. Get in touch with us today to find out how we can help.