How Payday Loans Are Better than Bank Loans for Chester Residents
When you need a loan, what is it that stops you from going down to the bank and applying for one? Is it the long waiting time? Or is it the embarrassing credit check? Whatever the case may be, most people are well aware of how troublesome it can be to get a bank loan.
The solution for many people may be to try for a payday loan instead. Let’s look at all the ways that payday loans are actually more advantageous for many Chester residents.
Payday loans in Chester can be applied for easily right here, on Payday Loans Now. The application process is quick and simple, and practically everyone who applies is approved. At Payday Loans Now, we aren’t looking for a long list of qualifications. We just look for a few simple things.
First, we want to know that you are over 18 years of age. A loan of any kind comes with responsibilities that must be understood and fulfilled. Secondly, we want to be sure that you have a job right now and that you expect to be paid from the job over the next few months. So proof of age and proof of employment are all we need.
Once you apply, you are almost guaranteed to be approved if you meet these requirements.
But a bank loan is far more involved. The bank will ask you to come in and talk to a loan officer. You will be asked embarrassing questions about your debt and your financial obligations. They will want to know why you need the loan, and they will want to check your credit score.
And it won’t take much for the bank to just turn you down. If they don’t like what they find on the credit score, or they don’t think that you can easily pay back the money, then they will turn you away.
Our payday loan service doesn’t work like that though. We aren’t handing out high-commitment loans over long periods of time. In fact, all of our loan contracts expire after 90 days. We only want to check that you are able to stay employed during that time.
With our payday loan service, you can get cash fast. We know that the people who are coming to us for help need cash quickly. They are looking for a quick infusion of money into their accounts to pay bills that are due right away. And they plan to pay us back by the next payday, in most cases.
Because our loans are meant to be used and paid for quickly, we make sure that we give the money to our clients quickly as well. We won’t put you on a waiting list or get back to you in a few days. Instead, we approve and process most loans within fifteen minutes. That’s how quickly you could have money in your bank.
Now there are times when we will be inundated with requests and applications, and we won’t be able to respond quite as fast. But fifteen minutes is what we aim for, and most of our customers’ applications are processed in about that time frame.
With a bank, you may have to wait hours to even be seen by the loan officer. And it can take time to run your credit check. And depending on the size of your loan, you may have to wait a while to actually receive the money. This is particularly true if you go to a different bank from the one you normally use to get your loan.
And you can receive your payday loan from Payday Loans Now just by filling out an online application. You don’t have to travel to an office or wait in line. Everything can be done in the convenience of your own home. As long as you have a bank account, we can deposit the money directly into your account after we process your application.
You never have to leave your house to get the money you need. We know our Chester clients are busy and don’t have time to make visits to a physical office during their workdays or to wait for someone to speak to them. Many of them need the money right away without all the hassle and waiting that would be required for a bank loan.
If you want to avoid the difficulties and inconvenience of a bank loan, consider a payday loan instead. Faster, more convenient service ensures you get the money you need when you need it. And our approval process is quick and easy. We approve most of the people who apply for our loans, so what are you waiting for?