how many times can you extend wonga
Let's face it: there are times when
you need money now. If you have bad credit, and likely no credit cards as a
result, access to fast cash is not as simple as it seems. Finding a loan is a
hassle since it involved faxing documents, going through a credit check and
waiting, waiting, waiting. However, instant online loans can solve that problem
if you need to borrow up to $1,500. Also called payday loans, instant loans do
not require faxing documents, have no credit check and can be deposited right
into your bank account within 24 hours.
A Great Choice
In order to qualify for an instant
loan, you need to give the lender some basic information. This will include
your name and address, home phone number, bank account and routing number and
employer. All of this information can be filled out in one, simple online form
and sent to multiple lenders online instantly. Once your information has been
shared, you will be given several quotes from online lenders that will include
principle amount, interest rates, and other fees.
Using the online application process
is a great choice since it will generate choices for you and allow you to
assess the different options available without leaving your home or office. You
can fill out your application, select a lender and get the money you need all
within a few hours.
Repaying a Payday Loan
As the name implies, payday loans
can be a bit different in terms of their repayment as opposed to traditional
personal loans. The idea is that the loan serves as an extra payday for you and
is then reimbursed when your real payday comes around. In this respect, you
will generally be given between 14 and 45 days to pay back all of your loan
plus interest. This is why getting payday loans means only borrowing up to
$1,500. It would be nearly impossible to payback more than that in such a short
period of time.
Also, it is important to note that
most payday loans will carry interest rates that are slightly higher than you
are used to seeing advertised. This is because the short terms of payday loans
makes it unprofitable for lenders to charge a low interest rate. That is why
comparing different offers is essential. You want to make sure that you are
gettong the most money for the least interest.
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