We strongly advise that you apply now that it’s not too late!
No one can precisely predict when a crisis will strike, and as a result, we find it quite challenging to channel our daily budget and resources towards that. Thus, when we face tough times, is there something that we can actually look to for help?
The ideology of fate cannot fully be defined. This is because most individuals, even though destiny has it that they will end up as failures in life, strive towards finding the best solution to counteract such beliefs.
The same applies to your daily finances; seeing the level of catastrophe that the Covid-19 pandemic brought upon the whole economy of the world, fate has it that it will be really difficult for us to cope with our daily living. Inflation is currently on the rise like never before, and the cost of goods and services is doing likewise. So, with all these many troubles being laid upon us, what now is our only way out?
When we speak of traditional funding, we usually associate this with a long, boring, and tedious process of getting money that is generally accompanied by the loss of one’s priced possessions and lots more.
If all we end up doing in the race for cash to cater for our daily living is losing our personal property to traditional lenders, what then is our gain?
There’s no doubt that the current state of the country’s economy has made it pretty challenging for us to abstain from dubious lending organizations and credit unions like these. This has, in turn, forced us to adopt certain bad borrowing habits that have gone a really long way in damaging our credit score and rating, thus, limiting our ability to borrow more cash when next we need it.
So, what is the best way out now?
Now, the best solution might just be the one that you always miss!
When all the possibility for you to get funding seems bleak, you can always rely on instant payday direct lenders for a way out. These kinds of loans are the best to apply for due to the following reasons:
You will no longer find yourself all caught up in life’s daily activities as you can always rely on this kind of short-term funding as an alternative to back up your pending expenses.
When you apply for an online payday loan now, you will not be required to wait weeks or even months to have access to all the funds you need at the moment. This is just the perfect way for dealing with any kind of emergency situation as you will literally get all the funds you need in the account of your choosing as soon as that same day or 24hours from the time of your application.
Online payday loans are very user-friendly, and regardless of your current technological background, you will still be able to navigate your way through whatever funding offer you need at the moment.
Online payday loans can be accessed at any point in time. Whether you are out playing poker with your friends and quickly need to have access to some quick cash to cater for a pending expense, or at home, at night, when you forgot to pay the water bill and quickly need to settle such transaction. All these can be done at your very own comfort with either a mobile phone or personal computer, or laptop.
Speaking about the loss of one’s property and priced possessions, this is never the case with online payday lending. You will never be required by any direct payday lender to provide a form of collateral before you are approved for your funding offer.
Online payday loans work both ways – a customer always gets satisfied as they are confident of getting all the cash they need, and when they need it; then, payday lenders are guaranteed to get back all their funds in the loan settlement whenever possible. This has made it very easy for you to get any amount of money you need in payday funding today.
We understand the current state of your personal finances and wouldn’t want to put you in a much worse position than you already are; thus, we are not interested in stressing you with boring loan application processes than you already are.
People with relatively bad credit history or borrowing habits usually find it difficult to get funded by traditional lenders. This is because they are usually termed as “high-risks” by these lenders who often foresee their inability to pay back on their received loan amount whenever it’s due.
This is not the case when you apply for payday loan bad credit funding. These kinds of loans are available for anyone to apply with, without even prior consideration of their credit score or history.
How Does it Work?
As discussed earlier, online payday loans are optimized to best benefit both the borrower and lender. It works as a short-term period of funding where the customer has access to all the cash they need within just a few days or weeks, and are expected to pay back on the offer when their settlement is due (which usually comes at the end of their next payday).
In this kind of loan, lenders just want to be certain that the person that they are lending out funds is fully-capable of paying back on the offer when their settlement is due; thus, you’ll be required to provide the following details when looking to apply for a payday loan with no credit check offer:
- A valid means of identification is required
- Employment status: you will need to provide a proof that you are currently employed
- Checking bank account
- Current state of residence: you are required to show a proof of your current place of residence, specifically in the state of Ohio.
You must be willing to share the above details when necessary.
Now, being unemployed shouldn’t be a concrete reason for us to deny you funding – remember, online payday loans is one that is made available to everyone, irrespective of your current financial situation.
That being said, for a payday loan apply, online direct payday lenders may also consider other forms of income outside of that gotten from a regular day-paying job or salary. For instance, if you get money coming your way consistently from any one of the following sources, you may still qualify to apply for payday loan with direct lender:
- Child support or alimony
- Long-term disability
- Dividends or interest
- Retirement funds
- Trust fund
- Social Security
- Rental property
With any of the above-listed sources of income, there’s a higher possibility of you getting all the funds you need when you apply to an online payday loan lender, but still, it all depends on the lender which you’d be working with directly.
At the end of your loan term, you’d be required to pay back the full amount of your loan amount, alongside all interest rates and fees accrued.
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How to Apply for a Payday Loan Online?
As discussed earlier, you can apply for a payday loan over the phone or with the use of a personal computer or laptop. The first step involves filling out a loan request form where you’d be requested to submit the following information:
- Your full name
- Date of birth to verify your age
- Valid contact details such as your mobile phone number and email address
- Home address to verify your current location
- Loan amount
- Social security number (SSN)
- An active bank checking account where all your approved funds would be disbursed to.
Your loan request will be accessed based on the above-listed details provided, thus, we strongly advise that you only submit details that are only relevant to the funding offer which you’re currently seeking for.
Online payday loan requests are the fastest to fill, as it usually doesn’t take not more than five (5) minutes to fill out all of the above-listed details and submit for approval from a direct online payday loan lender.
Note that you must have attained the legal age of 18 years and above to even qualify for funding from a direct online payday lender.
On submission of your loan request, your application form is immediately matched with a direct payday lender that quickly accesses you based on your provided details to see if you actually qualify for the funding offer that you are requesting for; and if you do, you can expect to see all the funds you asked for remitted to your bank account as soon as that same day, or 24 hours from the time of your application.
Online Payday Loan Costs and Repayment Terms
When you apply for payday loan online, you agree to all the terms provided by the online payday loan direct lender. This also covers the agreement to pay back all the initially disbursed loan amount, alongside all accrued fees associated with it.
The cost of getting an online payday loan offer from a direct lender is usually conveyed as an annual percentage rate (APR) that covers all the necessary interest fees relating to the loan offer.
InstantPaydayOH doesn’t operate as a direct lender or financial institution, neither are we in charge of regulating rates and fees of our lenders at any time for a specific loan offer; therefore, we should never be held responsible for any credit-making decisions of any online payday loan lender that you are dealing with.
We are only here to quickly provide you with the right kind of short-term funding that appeals to you, specifically for those who have consistently faced disappointment in the past from traditional lenders and credit organizations. InstantPaydayOH simply stands as that reliable bridge that links both you and an instant payday loan direct lender.
That being said, the following factors are to be considered when effectively trying to determine your payday loan rate and fees:
- Interest rates
Interest rates associated with an online payday loan offer is usually dependent on the kind of direct payday loan lender that you’re dealing with, your designated loan term, and your current financial condition.
But still, online payday loan interest rates usually fall in between 15% and 20% of your initial loan amount. Also, while rates may differ generally, online payday direct lenders may charge up to a 400% APR on each payday loan apply offer.
Whenever you apply for a payday loan with no credit check offer, such an offer usually comes with its specific annual percentage rate (APR), so it’s always best that you explore your various options of online direct payday lenders to confirm all your corresponding fees.
Your payday loan annual percentage rate serves as a major factor that accounts for uniformity among different payday loan sources to ensure easy comparison in payday loan rates and give you an easy decision-making process for which kind of funding offer to go for.
Meanwhile, the Annual Percentage Interest Rate (APR) on an instant payday loan offer is calculated by dividing the total interest incurred by the offer by the principal loan amount and multiplying the result by a year-long period (365 days). The calculated result is then divided by the total length of days agreed for repayment of the loan offer. The final result is then multiplied by 100.
Mathematically, the APR calculations on a $150 loan that is to be paid back within the next 30 days will look something like this:
Amount of interest on loan = 15% x 150 = $22.5
Thus, amount of interest = $22.5;
Amount of interest/loan amount = 22.5 ÷ 150 = 0.15;
(Amount of interest/loan amount) x 365 = 54.75;
((Amount of interest/loan amount) x 365) ÷ repayment date = 54.75 ÷ 30 = 1.825
(((Amount of interest/loan amount) x 365) ÷ repayment date) x 100 =182.5%
Now, you will notice that these your corresponding online payday loan APR is quite usually higher than most traditional loans offered by banks and other credit lending institutions. Still, one important thing that you need to know is that when you apply payday loan online funding options, it is only meant to help you survive through a few days or weeks’ worth of financial setback(s) rather than several years’ worth of it. Also, payday loan funding requirements are less burdensome than other traditional sources.
Other factors that are to be carefully weighed when getting a payday loan offer include origination fees and other applicable charges, late payment fees, and refinancing options.