(PRWEB) June 04, 2012
CashNow.org has introduced a new article, "Get Money When You Need It With Emergency Cash,” to its online educational library. Readers will be able to find everything they need to know about cash loans in this article, including application requirements and the benefits of getting a short-term loan to cover emergency expenses.
“At CashNow.org, our number one mission is to inform customers of their options when it comes to payday loans,” says CashNow.org spokesperson Tom Haley. “Customers who are well-informed understand how to take advantage of the loans we provide, without feeling intimidated by the application process. We expect that educational articles such as our latest piece will bring in many would-be borrowers who are unsure of what a quick loan entails and are looking for both information and reassurance.”
To qualify for cash now, consumers will have to show proof of employment in the form of a pay stub, as well as give their phone number and email address. They will also need to provide information on a valid bank account in their own name, since cash loans are deposited directly into the borrower’s account. Loans are only provided to U.S. citizens or permanent residents who are at least 18 years of age at the time of the application.
CashNow.org offers loans that range from as little as $100 to as much as $1,500. The range of loans available makes it easy for consumers to choose the amount they require, instead of having to take a larger loan than they need or can afford. Payday loans are filling the gap left over by financial institutions unwilling to loan money to people with poor credit or unable to make small loans to help someone through an emergency situation. Payday loans, on the other hand, are approved and delivered quickly, offering a solution to people who cannot wait days or weeks for a bank’s decision.
Loan periods vary between two weeks and a month, and loans must usually be repaid with the borrower’s next paycheck. No collateral is necessary and repayment is automatic — when the payment is due, the money is taken directly from the same bank account where it was deposited. For people who need extra time for repayment, it is possible to extend the loan period for an additional 30 days as long as the interest is paid when due.
Customers looking for a viable short-term lending option to cover medical bills, auto repairs, overdraft charges and other can’t-wait expenses can easily apply for a loan from CashNow.org by filling out the site’s brief online application after they browse the newly posted educational material.