How An Online Payday Loan Can Help You Through Hard Times
These are hard times. It’s very common for people—even those who have a regular job and follow a smart budget—to run short on money before their next paycheck. They aren't aware of online payday loans and unfortunately, most employees can’t even ask their companies for help. Businesses have removed many benefits, including employee loans and cash advances, to stay afloat.
Prices are soaring, and many industries are still struggling to recover from the effects of the COVID-19 pandemic. A survey by the Wall Street Journal found that 4 out of 10 Americans were unsatisfied or even worried by their financial situation, and 8 out of 10 felt that the economy was “poor.”
But here’s the good news. If you have a job but need to raise cash quickly, you have an option to apply for an online payday loan to get you through.
How Can A Payday Loan Help?
The payday loan is very similar to asking your boss for a salary advance: you borrow the money, and it’s deducted from your next paycheck. You can borrow from $100 to $400, which can help cover emergency expenses or urgent needs.
What Are The Benefits Of An Online Payday Loan?
Online payday loans have very simple requirements and are processed much faster than traditional personal loans offered by banks.
You Can Apply Even If You Have A Low Credit Score
Most banks require a credit score of 610 to 640, or even 660 or higher if you are not already enrolled in their bank. They will also look at your debt-to-income ratio, employment history, and credit history.
In contrast, payday loans do not set credit requirements, and will not demand a whole bunch of documents to prove that you are “credit worthy.” You just have to present your pay stub, which will serve as proof of employment and income, along with a state-issued ID, and a blank check from an active checking account in your name.
You Don’t Have To Waste A Lot Of Time In Line
You have a job and other personal responsibilities that demand your time and attention. The last thing you need is to worry about when you can go to the bank to apply for a loan.
And since most bank hours coincide with office hours, chances are you’ll even have to take a leave from work. Your employer is not going to be pleased.
But because of the way we set up the online payday loan, you can begin your application anytime and anywhere. Just fill out the inquiry form and talk to a loan representative.
You still have to go to the store to submit forms and complete some forms, but that will only take 30 minutes—much shorter and easier than the process of traditional bank loans.
How Do I Know I Can Trust An Online Lender?
If you’re looking for a loan to help you through hard times, the last thing you want is to get into business with a lender that is not trustworthy. In this day and age, you have to be wary about online scams: websites that masquerade as online loan providers but are actually just trying to get your personal information or collect upfront “processing fees”.
Go to a lender you can trust. Mississippi Title Loans, Inc. is one of the most reputable online lenders in the state. We have helped thousands of customers get through a financial crisis with our title loans, installment loans, and payday loans.
We have a solid track record of friendly customer service who respond to inquiries quickly, answer all your questions, and guide you through the process. And once the loan is approved, we give you the loan amount the same day or the next day.
Other fraudulent or inefficient lenders will be evasive about the loan process and delay loan approval. Mississippi Title Loans, Inc.’s process fast-tracks your approval because we know you need the money as soon as possible—and we are here to help.
How Do I Apply For An Online Payday Loan?
It’s so easy! Fill out our online payday loan form, and then wait for one of our loan representatives to call you. He or she will explain how the loan works.
After talking to the representative, go to the nearest location and bring the required documents: a state-issued ID, your most recent pay stub, and a blank check from an active checking account in your name. A representative will verify these items and then help you through the final paperwork. If you are approved, you will receive your cash the very same day or the next day.
Get Started Now
In these difficult financial times, it’s hard to stretch that paycheck, and even harder to get a bank loan. However, an online payday loan is a fast, simple way to raise emergency cash.
You can apply for one right now. Just fill out the online form. It will take only a few minutes, and all information is secure and used only to contact you. We’ll call and answer all your questions personally—and just like that, your application is halfway done. It’s one of the easiest ways to get an online payday loan.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.