Finding yourself faced with a sudden financial setback can be overwhelming and frightening
(PRWEB) August 12, 2012
Same Day Payday Loan announces the release of a free informational article that now appears on its website. The article, entitled “Payday Loan Advances — The Benefits Add Up,” discusses how cash advances work and why consumers should consider applying for them. It explains the advantages that these loans offer for individuals experiencing financial hardship, including that they are disbursed quickly, are extremely convenient, and do not require the completion of a lengthy application in order to acquire them.
“Finding yourself faced with a sudden financial setback can be overwhelming and frightening,” says Same Day Payday Loan spokesperson Jeffrey Sullivan. “We understand what people go through when they have to pay important bills and don’t have the money to do so. We want them to realize that they don’t have to resign themselves to paying late fees and risking their credit rating. We’re here to guide people through the simple process of getting a cash advance so that they can pay their bills on time with our help.”
Cash advances are fast, short-term loans that borrowers agree to pay back with the money from their next paycheck. The loans are disbursed within one business day at most, far more quickly than standard loans from banks and credit unions. Another advantage of cash advances is that consumers can obtain them from lenders who have fewer requirements and restrictions than traditional financial institutions. Individuals who would like to apply for one of these loans through Same Day Payday Loan only need to meet a handful of eligibility requirements. These include the following:
- Being at least 18 years old
- Being a U.S. citizen or permanent resident
- Having a valid checking account in their name
- Making at least $1,000 per month after taxes
Same Day Payday Loan is not a lender. The company’s focus is on helping consumers obtain loans through reputable lenders. The first step a prospective borrower must take is to visit the company’s website and fill out a brief application form. Once the individual is preapproved, the site redirects them to a lender’s site where they can look over the terms and conditions attached to a loan offer. If the offer is to the consumer’s liking, they can go ahead and electronically sign the lender’s contract. The loan funds then will be automatically deposited into the borrower’s checking account within the standard timeframe.
Cash advances are generally considered to represent an excellent, accessible option for people who need money fast. Even individuals with a low credit score can acquire one of these loans because credit history is not taken into consideration at any time during the lending process. Furthermore, customers do not need to put up any form of collateral in order to get financial assistance.