There are a plethora of options to keep yourself on top of your bills. Unfortunately, a lot of employers are now only handing out paychecks twice a month (I guess it cuts down on paperwork). The problem with this is a lot of bills are due at separate times during the month, because of this – there is a rise in bankruptcy based on a rise in things piling up. There are options though, payday loans being one of them.
A payday loan is a short term financial device intended to help people cover their bills or unexpected expenses during a temporary loss of income or a time of financial duress. Payday loans are secured against a future source of income such as a paycheck or government stipend that are deposited directly into your account within 24 hours of a completed application.
In order to become qualified for a payday loan you need to meet a small list of requirements. You obviously need a job or regular source of income which must total at least $1,000 a month. If you have an active checking or savings account and are at least 18 years old, you’re eligible for a payday loan.
The approval process is anywhere from a few minutes to a few hours. Funds are transferred directly to your bank account overnight, so you’ll need direct deposit enabled for your bank account. There’s no need for a credit check because payday loans are secured against your paycheck. So whatever your financial situation is, as long as you’re making a minimum of $1,000 a month – you’ll be approved. There’s no application fee and it’s safe to apply for one online, especially through sites like powerpaydayloan.com.
If you’re having financial troubles because of an unexpected occurrence, you should try for one today.