Presumably, you are well aware of what payday loans are. But did you know that 3 months payday loans are something that even exists?
Tell Me About 3 Month Payday Loans
In most cases, payday loans are very Short-term Loans, often for just a few days in fact and usually for no more than about a thousand dollars. But in some cases, you can get a larger amount than that and a longer repayment term, such as with 3 months payday loans.
Before we go any further, it’s important for you to first meet two criteria:
- You need to be a legal adult.
- You need to be legally residing in the US and/or a citizen of the US.
How Do 3 Month Payday Loans Work?
Like the more familiar payday loans that most people know about, these are No Collateral Loans. However, they are not paid off in one lump sum. Instead, they are paid off in installments over time.
Typically, it is one payment a month for three months. This makes it possible to handle a larger loan amount, such as a 1500 Dollar Loan. Most people cannot swing repaying that in one lump sum, especially after you add interest and potentially other fees. But if you break it down into three payments, it becomes much more manageable.
It’s kind of like the saying about eating an elephant one bite at a time. You don’t have to swallow the thing whole.
How Do I Qualify?
Since they are a little longer term than usual, 3 months payday loans may require a bit more paperwork. They may do either a soft check or a hard check on your credit, so it may take longer than a day to get money deposited to your bank account.
You should try to come with at least one form of identification and possibly two. One should be a photo ID, such as a driver’s license or military ID card.
You should pull together any financial records you can access. A recent bank statement will almost certainly be needed, but you may need other records as well. Think about any sources of income you have and records which would show the source and figures.
This may include wages, alimony, freelance income, 1099 contract work or similar. Anything you can use to support the idea that you can cover the payments should be documented, if possible.
Apply Now For Your 3 Months Loan.
The web portal for GreenPlaceLoans is a loan aggregator. We have put in the time and effort to create a list of lenders and loan products so we can connect prospective borrowers to loans that match their needs.
This streamlines the process so you only need to fill it out one time. We do the work of connecting you to matching loans.
Click here to apply for 3 month cash advance.