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Payday Loans

Payday loans in USA

No matter how carefully we manage our finances, there are times when we get into a difficult situation and have no one to provide us financial backup. Things get even worse if we have to deal with tough life problems and need extra money right here, right now.

That’s when payday loans come in handy, and thanks to webmoneyloans.com, their convenient online forms, and fast approval, it’s now easy to get cash as fast as possible! Here is everything you need to know before applying for a quick loan.

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Payday loans in the US

There is no better option than a payday loan if you’re looking for quick funds because it takes WebMoneyLoans only one working day to approve your request and deposit the money to the checking account. Time is of the essence.

What is a payday loan?

Payday loans are basically short-term loans aimed at satisfying urgent consumer needs, such as paying medical bills, repairing a car, and so on. Usually, a loan is issued the day after the lender receives the application. The borrower needs to pay back the loan during a certain time period. Small loan sizes, short terms, and minimal conditions and requirements made payday loans popular. After filling in a simple online form, funds are credited to the borrower’s bank account within 24-72 hours. After the term of the loan expires, all the borrowed money (including interest) is automatically withdrawn from the borrower\’s account. It should be mentioned that in most US states, you extend your payday loan term for a longer period without accruing additional interest.

Today, all you need to get this of loan is a computer or other device with Internet access. WebMoneyLoans made sure that you can go through all the required steps online without leaving your home. You’re free to choose when and where to fill all the necessary forms. You don’t have to make any calls to your bank to complete or confirm the application. Besides, most lenders don’t require faxing any personal information to their offices, which saves even more time.

How legal payday loans are?

Before applying for a loan, you should get acquainted with the regulations and laws in your state, as they vary significantly across the USA. In fact, this type of short-term loans is prohibited in several states, including Arizona, Arkansas, Georgia, Massachusetts, New Jersey, Pennsylvania, Vermont, North Carolina, and West Virginia. In some states, short-term lending is legal but heavily regulated. And finally, there are states with liberal attitude that don’t put any restrictions on quick loans and don’t limit fees or interest. Those states include Delaware, Idaho, Nevada, South Dakota, Utah, and Wisconsin.

In most cases, legalization of payday loans is accompanied by governing the amounts of money one can borrow at a time and the interest rate. In some states, you may not be able to extend your loan term, get two loans at the same time, or cover your previous loan with the new one. Payday loan laws are too complicated to learn and understand, as they touch upon certain areas of law, such as criminal law, tax law, and consumer protection.

The list of laws surrounding payday loans:

  1. Maximum loan amount. payday loans range in size from $300 to $2500 depending on state legal maximums. But in Utah, for example, there are no limitations at all. Usually, the amount depends on the borrower’s decision.
  2. Minimum term. Each state provides its own minimum terms that vary from one week to 30 days. Now, the average loan term is about 14 days.
  3. The maximum term also varies from city to city, from state to state, with 30 days in Kansas and 12 weeks in Utah. It should also be noted that different companies offer different terms.
  4. Finance charge. The finance charge usually ranges from $15 to $30 per every $100 you borrow. If we take two-week loans as an example, your finance charges can cause interest rates grow to as high as 400-780% APR.
  5. APR. The guaranteed APR for loans is 400% (but it can be even higher). This means that if you get an instant $300 loan, it may cost you around $100, with annual percentage rate higher than 400 percent.

What you need to know about payday loans

The advantages of payday loans

Such loans are the fastest, convenient, and legit way to obtain extra money for your daily expenses if you are in a tight financial spot. Our loans were designed with your needs in mind, so you can meet all the prerequisites easily. We do not have strict requirements towards your credit score, making sure that you have no problem applying. Also, WebMoneyLoans is ready to approve your application even when regular banks close, so you can get cash at any time in case of emergency. Our website is available 24/7 to ensure that we can provide our services anywhere.

Payday loans have no restrictions, so you can use the funds you borrow for any purpose you need and buy any product you want. No regulations, no credit check, no questions asked. Once your application receives approval, and funds are transferred to you, you are free to use your loan to avoid cash advance fees, bounced check fees or pay your bills and pending late fees.

Why might you need payday loans?

Financial responsibility does not protect from sudden emergencies that put a hole in your budget. Here are a reason or two to get a payday loan.

  • Your available funds are not enough to cover your daily expenses, such as food, utilities, or rent. If you cannot handle your monthly payments due to unexpected circumstances, then WebMoneyLoans will be glad to provide you with a solution to help get out of a tough situation.
  • Your car suddenly breaks down, leaving you no choice but to pay a significant repair bill. We all know how much even cheap and regular repairs cost, so a serious breakdown can really drain your wallet unless you don’t need the car right now. Use short term loans to get your auto back in working order.
  • Your checking account gets overdrawn. Do you know what will happen if you write more checks than your account allows? First, you will be charged an overdraft fee, and if you don’t pay it back, banks will start taking out a certain amount from your account. It may take a year to handle the debt. In this case, cash payday loans can save you money.
  • You might need extra cash for travel needs. Need to travel across America, but your budget can’t handle an unexpected trip? Then quick payday loans for a short term can be a great solution for you.
  • You need to stop collection agencies bothering you all the time. The only way to make collection agencies stop calling you is to satisfy the debt. With our help, you can do it at any time you want.
  • You\’ve accidentally maxed out your credit card. We all go a little wild with our cards from time to time. That’s why lenders work even with customers who have bad credit history. Obtaining a loan is the quickest way to avoid overdraft fees.

The conditions for getting a payday loan at WebMoneyLoans

We want to be sure that anyone who needs cash loans gets them as fast as possible. That’s why we limited the list of requirements to these five points:

  • The borrower must be 18 years old or older. It’s the main condition all lenders set because lending money to a person younger than this age is illegal. Anyone above 18 years of age is potentially eligible for the payday loan.
  • The borrower must be a legal resident of the state he or she is applying from. This person’s contact address should confirm this.
  • The borrower must earn at least $1,000 per month from any stable and provable source. This condition ensures that the person is able to pay the loan back.
  • The borrower must have a valid contact phone number, address, and email, so our employees could contact them.
  • The borrower must not be a debtor in bankruptcy. It’s also a standard condition for every direct lender.

In general, all you need to get a quick loan is a provable source of income, a bank account in more or less decent shape, and ID. We do not check the credit score in order to determine if the borrower can handle a repayment. If you meet all these requirements, we will be ready to approve your application.

Why WebMoneyLoans?

Here’s what we have in store for you:

  • Instant approval. Choosing us, you can be sure that if you need money now, we’ll provide them to you the quickest way possible due to our fast approval. Taking certain circumstances into account, you can get your money within 24 hours. When signing up with WebMoneyLoans, you share your bank account data with us, which allows us to speed up the process. Once you sign the loan agreement, we initiate the transaction, and since banks handle transactions fast, you get your money when you need them.
  • Easy and quick forms. If you tried working with large lenders before, you already know that the process of applying for a loan can take too long. If you found yourself in an emergency situation, such an annoying detail as filling a long form is the last thing you want to face. Our quick and convenient forms take only a minute to fill out.
  • Responsible approach. At WebMoneyLoans we take the experience of the best lenders and make it part of our company. Responsibility is an essential quality in our field of activity, meaning that we never put our customers in any financial difficulty. If our potential borrower has problems with affording the loan, we will not provide our services to them.
  • Fast application. You are able to apply for payday loans online. All you need is a device for it and internet access.
  • Transparency. We take pride in our transparent policies. Our competitive rates will make sure that you stay happy with our services. Read any positive review of our company to see for yourself.
  • Bad credit history can’t scare us. We just want to let you a helping hand whether you are going through good times or bad ones.

Is it really possible to get a loan within 24 hours?

Depending on different situations and factors, we may or may not be able to provide our services the same day or even within a 24-hour period. But if all the conditions are met, and everything is fine, you can get your loan that fast. If you apply on Monday morning, for example, and your bank account is doing well, it’s possible that you can get the money as soon as the next day. But if your request was sent on Friday or the weekend, we won’t be able to complete the transaction until the Monday morning. Also, there are certain days that considered bank holidays, and any transactions processing is impossible on these days. In any other case, we are at your service.

Overall, payday loans can become a useful tool if your situation gets heavier. As long as you manage your income wisely, you should handle a loan fairly easily. But remember that such type of loan is aimed at solving short-term problems only. So if you ask yourself, “Is there a lender near me?” every month, then you most likely have issues with managing your finances.


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