No Hassle Payday Loans Are There To Help When You Need Them
The name says it all—no hassle. Applying for a payday loan often require processing of many documents, doing a lot of things, waiting in a very long line, and lots and lots of hassles. Whatever “hassles” that are typically connected to getting payday loans will be gone. These are no hassle payday loans after all.
What is a Payday Loan Without Hassles?
Generally, the no hassle payday loans are cash advance, just without all the hassles needed to get the regular loan. That’s why these are sometimes called as the guaranteed payday loan. But what are these “hassles?”
Contacting the lender is already part of the common fast loan “hassles.” Lenders who are offering payday loans and cash advance are hard to find and even harder to get in touch with. But the no hassle payday loans are offered only by lenders who are actually finding those who want to get a fast loan. So contacting them is pretty easy because after all, they are the ones who are looking for you.
There are no hassles also on processing the cash advance loan application. Common payday loans require a lot of documents like your income tax, pay slip, bank account information, and credit history. No faxing of these documents either, especially if it’s a payday loan online. All that’s needed is filling up a payday loan online form and send this digital form electronically. This takes some minutes only to complete especially if it’s a loan online.
No hassles on waiting for the approval of guaranteed payday loan application also. A usual loan payday is approved or rejected after one week or more of filing the application. But the no hassle payday loans needs only at most 24 hours to review and decide on the application.
The loan payday process is hassle-free because the lender doesn’t have to check the borrower’s background because whether you have good or bad credit doesn’t matter on no hassle payday loans. You get your loan no matter what. That’s a real guaranteed payday loan.
With these many great benefits, the no hassle payday loans are really hassle-free. The deals are so good that there must be some ugly scenes behind these. Well there are. And the most obvious is the high fee and short duration before the due date.
Disadvantages of Hassle-Free Guaranteed Payday Loan
So the no hassle guaranteed payday loans are hassle-free. What’s the catch? Obviously, it is the high fee involved with these loans.
The interest rate of no hassle payday loans is higher compared to the common payday loan. Sometimes, it can be 50% high or depending on how high is allowable in your state. Why such a high fast loan rate? It’s because lenders are taking the risk of lending money to borrowers who don’t have sufficient records to prove their capacity to pay. These cash advance loans are also given to those who need instant fast loan and usually for emergencies.
Call it taking advantage, but that’s just the way that no hassle payday loans are working. Well the high fee is worth it because these loans are time-saver and won’t give you so much stress that common payday loan does.
Besides the high fee, the no hassle payday loans have shorter duration too. It’s typical for these to have seven up to 14 days duration. Extending the due date is possible but that will again incur additional fees.
Again, the fast loan’s high fees and stiff terms may be quite a hassle. But just imagine how easy it is to get funds with a no hassle payday loan. Imagine how you can get sufficient money or emergencies without going through all the hassles. These loan payday benefits are enough to say that the high fees are worth it.
First, you have to find lenders who are offering no hassle payday loans. Better yet, find lenders offering a guaranteed payday loan online. Compare at least three so that you can get a better understanding of the usual rates and terms of these loans. Choose the lender with the payday loan online, best rates and terms.
Contact the chosen lender and compile all the requirements. Unlike the usual payday loans, the no hassle payday loans will typically require only your recent pay slip, employment details, and your bank account information. These can be processed within an hour. Just send the docs for the loan online application through any means possible.
The lender will check your documents and get back to you within the day to tell you about the cash advance deals. You can negotiate for better interest rate or better terms. Once the loan payday negotiation is done, the lender will send the money within the day.
Now you can use the loan payday money however you want—fund a long-delayed vacation, pay overdue bills, buy foods, or pay for the kids’ tuition fee.
Although the due date is usually on your next salary day, it is still better that you pay the no hassle payday loan before that date. The earlier you pay, the lesser will be the loan payday fee and the better your credit history will be.
There may be drawbacks when getting a no hassle payday loan. But admit it, these loans are sometimes the perfect way to get money fast. If time is more important than money in your case, then consider this loan. The drawbacks can be easily erased with the great, great benefits of no hassle payday loans.