There are a number of things that may happen in life, requiring cash immediately. Not in a week, not in a day, but right now! Many times, unfortunately, there is no cash available to cover immediate expenses, such as vehicle repairs when your car breaks down in the middle of the road, unexpected trip to a doctor, forgotten utility bill, and so forth. In cases like this, you need money right away and have no means of getting it. The only reliable way of getting money almost in a heartbeat is 1-hour payday loan.
Why 1-hour payday loan?
Many people are under impression that payday loans are only for bad credit borrowers. While people with bad credit utilize them most, 1-hour payday loan is a great solution to everybody. No matter how outstanding your credit is, it is highly doubtful that you will be able to get cash in one hour from any traditional lender. 1-hour payday lenders are able to process your application and provide the funds in form of cash or bank transfer in as little as one hour. Another great advantage for those in urgent financial need is that no credit check is usually required. That is why 1-hour payday loans are so popular with virtually everybody.
Application Requirements
Here is the great part: there are hardly any requirements at all. All you need is a regular income and a checking account! 1-hour payday loans are not credit-based; in other words, lenders do not run your credit as a part of application process, making payday loans the easiest to get. They also have no collateral requirements - no need to back up your loan with any asset of yours. The only thing that concerns lenders is that you have a bank account to collect loan repayment from, and a regular source of income in form of salary or wage. Typically, all you need to have with you is your ID and checkbook. Some lenders may ask you for your social security number and the phone number of your employer for verification purposes. Once a short application is filled out, and your identity and banking information is verified, a loan agreement is prepared by lender for you to sign. Once you agree to terms and conditions, the money is on the way to your bank account.
Where to Apply?
There is no need to run around looking for the lender office. 1-hour payday loans are mostly processed electronically via secured internet connection. All you need is to find a lender online. As payday loans are getting increasingly popular, there are a growing number of websites that provide lender-matching services to borrowers in need. The way it works, is that you fill out a simple application along with a short questionnaire, briefly describing your financing needs. Once the application is submitted, copies go to all participating lenders that satisfy your criteria, and you receive multiple loan quotes in a matter of minutes. Then you have the freedom to choose the one that looks most appealing to you, and get the money as soon as in one hour.
