Have you run into unexpected expenses this week that has left your bank account unexpectedly empty? Maybe you need a cash till payday loan to tide you over.
What Is A Cash till Payday Loan?
This is a short-term personal loan that gets cash into your hands that you can spend as you see fit. It is approved based on your ability to pay and your promise to pay. It is often a small amount of money, such as a 100 Dollar Loan.
This means you don’t need to provide collateral to secure it, such as a car title. Instead, you provide a little basic information, like your name and address, plus proof of income and evidence that you are a legal adult residing in the United States.
How Does A Cash till Payday Loan Work?
You gather together just a few documents, then fill out some forms online. GreenPlaceLoans then matches your information with our database of vetted lenders and their loan products. Any matches will contact you to complete the loan process.
In most cases, you need at least the following documents:
- Legal identification showing your photo and address.
- A bank statement or recent pay stub.
This list is not comprehensive. Depending upon the source of your income, you may need other information. For example, if you are applying for a military payday loan you might use your military Leave And Earnings Statement (LES) to show proof of income.
Will A Cash till Payday Loan Impact My Credit Rating?
Signature loans no credit check, such as a Cash till Payday Loan, do not impact your credit score because they only perform a soft credit check, not a hard check. Hard checks show up on your credit record, then remain there for two years.
If you are trying to establish credit or trying to improve a poor credit record, you don’t want to have a lot of hard checks show up on your record. It makes you look financially irresponsible and can exclude you from getting the best interest rates.
For small loans, you should avoid products that require a hard check. Make sure you only approve hard checks for large, long-term loans, such as a home mortgage or a car loan. That will help you qualify for lower interest rates and save you money in the long run.
Start Your Application For A Cash till Payday Loan
If you need a cash till payday Loan you probably don’t want to wait any longer to start the process. It takes only minutes and you may be able to get your funds direct deposited to your bank account in as little as one hour.
First, gather together your documents. This may be as simple as pulling your ID out of your wallet and downloading a PDF of a recent bank statement.
Then click here and GreenPlaceLoans will walk you through the process.