Some people aren’t aware of the many benefits associated with payday loans
(PRWEB) July 31, 2012
OnlineCashAdvance.net announces the release of a new educational article that has been posted on its website. The article, which is entitled “Reasons to Choose a Quick Cash Loan,” explains the top five benefits of payday loans. Consumers who read the article can learn about the advantages of these loans, such as how quickly they can acquire one and how easy it is to obtain one even with bad credit.
“Some people aren’t aware of the many benefits associated with payday loans,” says OnlineCashAdvance.net spokesperson Michael Newberg. “OnlineCashAdvance.net wants consumers to know that we have a fast and convenient way for them to get money when they suddenly find themselves short of cash and need to pay an important bill, like their mortgage. We don’t want anyone to think that their financial situation is hopeless when there’s a simple solution right at their fingertips.”
OnlineCashAdvance.net specializes in assisting people who are experiencing temporary financial hardships and need some fast cash. Before the advent of payday loans, consumers often didn’t have many attractive options for obtaining money in a hurry, especially if they had poor credit. With the online cash advance service provided by the company, however, all types of customers can get help quickly and easily. The company isn’t a lender; rather, it connects prospective borrowers with numerous reliable lenders who can provide them with payday loans, so they don’t have to spend time going from place to place trying to find lenders on their own. The main qualifications they must possess to be eligible for a payday loan are the following:
- Being at least 18 years old
- Making a minimum of $1,000 a month after taxes
- Having a checking account in the consumer’s name
- Being a U.S. citizen or permanent resident
- Having a valid email address and phone number
The OnlineCashAdvance.net loan application process simply involves filling out a short form online, with no additional paperwork required. Once an individual has submitted the form and been approved, the company then redirects them to the website of a payday lender, where the person completes the lending process. Consumers have the ability to look over the lender’s terms before agreeing to a particular loan offer. After they have decided on the offer they want and signed the lender’s loan contract, the money is deposited directly into their checking account within one business day. They are normally expected to repay this amount from their next paycheck.
The newly posted article provides valuable information on why payday loans are the ideal option for people who need money as soon as possible. It explains that there is no minimum credit score required to qualify for a loan. It also emphasizes how quickly the application and approval processes work. Other benefits that are mentioned include guaranteed privacy for applicants, automatic repayment options and the fact that applicants are not required to fax over any personal financial documents.