If you are in need of a cash loan then you may want to consider applying to the payday loan company 500 Fast Cash, since this company is one of the more recognized payday loan companies on the Internet and they can easily grant you a cash loan with less hassle than much of the competition. This company makes it their business to make sure that they offer their customers the absolute best service available, and they have an established reputation in lending circles over the Internet. Their application process is comparatively simple and once you get approved you can have the money deposited directly to your account almost right away.
What is a payday loan?
A payday loan is a short term personal loan that is offered to consumers with good or bad credit. The loans are obtainable in amounts from $100 to $1500. Payday lenders can be searched online and the whole application process can be completed online as well. The money is available, after being approved, from one hour to 24 hours. The funds are transferred to your bank account. Some lenders will prefer consumers to have a valid checking account; others will accept applicants that only have a savings account.
Clients need to fill an online application. The lender is informed about the loan request. They will provide you with the amount. But first they will make sure that you can pay back money in due time. This is the most important thing for them. If they approve the loan the cash will be available to you within few hours. And they will make that available to you directly.
You have to realize вЂ“ credit cards are worse than a payday loan.
You have a chance to pay the interest on a purchase for 10 years or more before you ever touch the principal вЂ“ which makes a payday loan a better alternative! Consider it, your credit card charges you a cash advance fee of 3% вЂ“ thatвЂ™s $15 on a $500 payday loan. Next your APR on cash advance is about 29.99%. ThatвЂ™s $149.95 for a year вЂ“ the same as is a payday loan at term.
But different than a payday loan there are other вЂњchargesвЂќ to your principal like clothes, food, etc., and you may never payoff the cash advance portion.
Payday loans for people on benefits do not let bad credit history of the borrowers come in the way of getting quick approval of the loan. Even if the client has late payments and payment defaults, a borrower can still avail the money quickly.
However, due to short-term and lack of security, the lenders will charge interest at rather expensive rate. High APR put the amount of next payday under the strain as well. So, you should borrow from a lender who is providing payday loan for people on benefits at competitive rates. Even a bit lower rate of interest can save you lots of money. Make comparison of the lenders before you settle for the deal.
People get concerned about their privacy when they apply online.
You do not need to worry about it. The online application will not disclose the personal information of applicant. It is truly a safe and secured way to get fast cash.
500 cash loan will not require any security. ItвЂ™s a faxing free method. So it frees you from those confused paperwork also. After application has been completed, this loan will be approved within few hours. It wonвЂ™t take more than 48 hours.