Loans are quite popular, although a large percentage of citizens swear at them. Debtors very often suffer from low financial literacy and are therefore in trouble. These problems could be solved by teaching economics at primary school. In recent years, the so-called payday loans have been the most popular. These are small loans up to USD 5,000.
With us, you can request a payday advance loan
Getting such a payday advance loan is not difficult, but you have to fulfill something. The service is intended for people over 18 years of age, it is necessary to have a mobile phone, email and bank account. Today, you can apply online directly via your mobile phone without even having to go. Many applicants have problems with a bank account because they are not kept on themselves but on their children. Unfortunately, if this case also applies to you, you cannot or can not apply for a loan, but the application will not be assessed positively. The account must be in the applicant’s name. Don’t have it? Set up it for free at almost any bank.
Payday loans and proof of income
You cannot or do not want to prove your income? It does not matter, because you do not have to prove your income in the form of an account statement or paycheck for such amounts. Fast payday loans are mainly characterized by their speed and therefore they are so popular. You can have your money within a few minutes of requesting your account. Many companies have accounts with most large banks, so the transfer should only take a few seconds.
How does the payday loan pay off?
As these are small amounts, payday loans are paid at the same time by a bank transfer on the due date. The loan can be extended by most providers, but of course, you must notify it. If you have a problem with the payment of the entire due installment you can arrange an individual payment schedule. Payments for payday loans with a loan amount of USD 4500 for 30 days range up to USD 1,300.
Benefits of payday loans
- 0% interest on the first loan
- the loan is without purpose
- also for mothers on maternity leave and self-employed
- quick transfer to your account
- minimum administration
Disadvantages of payday loans
- low maturity
- small sums to rent
- fees and sanctions