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Sudden monetary situation does not see time and place and all it sees is the immediate money supply to solve the problem. Though it is not a very tough situation for a person who have enough savings, but for those who do not have enough savings or whose pay date is still some days away, the situation can be very difficult. It is very true that payday cash advances are very helpful in such times of emergency. These days there are various types of financial assistance available, both from online and brick and mortar lenders. But the prior ones are much faster and easier than the later ones. This is primarily because of the following reasons that time is spent
- No credit required for online loans.
- No physical visit required.
- No physical application, just online submission in few clicks.
- Not required to fax documents.
Lending money from direct lenders is usually not very difficult. The process is very simple and does not take much time and are approved within the same day. However in the financial sector there are three kings of lenders:
Direct lenders – They are the money lenders who issue the loan directly to the borrower. There is no middleman payday loans in the process. The approval decision rests with the, and not manipulated by any other lender. Institutions like local, national and online banks, credit unions and even the federal government are examples of direct lenders. Since the approval decision completely rests with direct lender, therefor there are ample chances of high risk borrowers get the required funding even with bad credit.
Loan Aggregator – The second category of lenders as the man suggests are not capable of lending money to the applicants on their own, rather they act as the intermediary between the borrower and the willing lenders. On receipt of the loan application from an aggregator, he matched the customer’s profile with his network of lenders, so there are lesser chances of loan approval. Having a bad credit score can lead to rejection.
Peer-to-peer lending – Also known as P2P lending, peer to peer lending also works as the middle man between the lenders and the applicants, similar to aggregators. The only difference is that the lenders here are investors, contrary to financial institutions of the aggregators.
So, one can assume that accessing a loan from direct lender is quite easy in comparison to other form of lenders.
There have been many reported instances where a person in need of a paperless payday loan have tried to accesses various means but got rejected on grounds like bad credit score. However at CashUSA24/7 we intend that none of our customer return empty handed from us. So our payday loans have very simple criteria:
- Be a US citizen exceeding 18 years
- Have regular source of income
- Have a working bank account
- Proper contact details which includes phone number and email id
With such minimalistic eligibilities are not payday loans from CashUSA24/7 easiest to get approved of?
Whenever a person in cash distress, he will naturally look for buffer cash to meet his need instantly. Though there are numerous traditional lenders whom most of the borrowers prefer, but lending with them is very difficult like stringent qualities. But with us it is easy to qualify the short term loans at CahUSA24/7. The eligibilities are very simple and the disbursal is completed within few minutes. Any person with any kind of credit score can qualify for instant money of $1000 to $1500. Just fill in the application form the rest part we are here to take care of.