12 Month Payday Loans

Life's a roller coaster, right? Sometimes you're on top of the world, and sometimes you're plummeting down the track. We get it! Financial emergencies come up, and sometimes they can throw your whole life out of whack.

But don't worry - we're here for you. We know that these types of situations are stressful and overwhelming, so we've presented you with a nice loan product that could save your financial situation and even improve your credit history.

What is a Payday Loan?

A payday loan is a small, short-term loan that you can get from a bank or other lending institution. The term is quite literal—payday loans are meant to be paid back on your next payday, so they have to be repaid within a short time frame.

The process of getting a payday loan is simple: You fill out an application and submit it to the lender of your choice. After they review your application, they'll contact you with their decision and let you know how much money they're willing to lend. If they approve your loan request, they'll put the money into a special account until your next payday when they'll take it back out again. You pay them back by withdrawing money from that account using an ATM card or check cashing machine.

What Are Payday Loans Used For?

Payday loans are short-term loans that can be used for a variety of purposes. The most common way people use these loans is to cover their expenses until their next paycheck, but other reasons for taking out this type of loan include making home repairs, paying for car insurance, and even helping to cover unexpected medical bills.

The most common uses for payday loans also are:

1. Paying off bills or other expenses that are due this week or next week

2. Repayment of outstanding debt (like credit cards or car loans)

3. Financing a vacation or other big purchase

4. Covering unexpected expenses like medical bills in between paychecks.

What You Should Know About Short-term Loans?

Short-term loans are a useful tool, but they can be tricky to navigate. Here's what you should know if you're thinking of taking one out:

1. They're not free money. You have to pay back the loan, plus interest, according to the loan agreement.

2. Short-term loans are for emergencies only! If you have a long-term expense (like paying off student loans) or a long-term goal (like starting your own business), keep looking for other funding sources instead.

3. Short-term loans are meant for short-term needs—usually 2 weeks or less. If the loan is longer than that, it's probably not worth it because the interest rate will be too high to justify taking out such a long loan.

What Does Bad Credit Scores Mean?

When you apply for a loan or credit card, the lender will review your credit report. If you have a history of late payments or other types of financial trouble, such as bankruptcy or foreclosure, these items will show up on your report. They can affect your ability to get approved for loans and credit cards, so it's important to understand how these types of issues affect your score.

There are several different credit scoring models in use today, but they all attempt to predict whether you'll repay your debts on time. The most widely used model is called the FICO score (named after its creator, Fair Isaac Corporation). Credit scores has many variations, but they generally range from 300 to 850 points. A good score is between 750 and 850; anything below 600 is considered bad credit scores.

Your credit score is based largely on what's in your credit report. Your report includes details about all of the loans you've taken out (whether or not those loans were repaid) and any other debts owed by you (such as utility bills). It also includes information about whether or not those debts have been paid on time.

What is the Difference between an Installment Loan and a Short Term Loan?

There are many types of loans out there, and sometimes it can get confusing trying to figure out what's what. Here is a quick breakdown of an installment loan vs a short-term loan:

An installment loan is a type of loan that has been designed to be repaid over the course of several months or years. Installment loans are generally used for larger purchases like cars or home renovations. It's important to note that each month you will have to make a payment towards these installment loans as well as any interest that may be accrued on top of that payment amount.

A short-term loan is a different type of loan altogether. A short-term loan is typically used for smaller purchases such as furniture or appliances, but can also be used for other purposes such as paying off credit card debt or even medical expenses. These loans generally don't require monthly payments and are paid off within 1 - 5 years depending on how much money is borrowed from the lender in question (some direct lenders offer shorter terms than others).

What Information Do I Need to Apply for a Payday Loan?

If you're thinking about applying for a payday loan, you'll need to fill out an online application. The application will ask for some information about your employment and income, as well as how much money you want to borrow.

Payday loan eligibility criteria vary from one lender to another. You may have to be employed and earn a certain amount of money in order to qualify for a loan. Some direct lenders also require that applicants have a valid checking account or savings account, so it's important to check with your preferred lender before applying.

If you're applying for a bank-issued credit card, the process will be similar because both loans are unsecured loans that depend solely on collateral rather than credit scores.

How to Apply for a Payday Loan Online

Payday loans are a great way to get the cash you need when you're short on time. If you're looking for a payday loan, there are a few steps you need to take in order to apply online.

Step 1 - Make an Application

Fill out all required fields in the application form with accurate information, including your contact details and bank account details (if you want to use this method of repayment). If any information is wrong or missing, your application will be rejected automatically without further investigation by the lender's staff members.

Step 2 - Decision & Approval

Once you verified the request form, submit it to us and we will send it to multiple lenders available in your area. The lender who is ready to work with you will send you an almost instant approval decision.

Step 3 - Receive Funds Within 24 Hours

If approved, you’ll sign the loan agreement and the direct lender will transfer the loan funds through a direct deposit within one business day in your bank account.

How Do Repayments Work?

The payday loan repayment process is pretty simple. Here's what you need to know:

1. Pay extra on your loan if you can swing it. If you have the extra money in your bank account, consider paying off your loan early and forgoing the interest that will accrue over the term of the loan. Just be sure to check with your direct lender first, since some direct lenders charge fees for early payoff and others don't offer this option at all.

2. Keep track of all payments made on the loan and make sure they are credited properly by your lender. If you find that a payment was not credited properly, contact your lender right away so that it can be corrected and so that any refunds or late fees can be applied retroactively if necessary.

3. Keep track of when payments are due each month so that you don't accidentally default on a payment or incur late fees because one slipped through the cracks!

Payday Loans with No Credit Checks

Payday loans are a way to get money fast, and they're available in almost every state. But if you've ever applied for one before, you've probably noticed that they come with some pretty steep interest rates—and if you can't pay them off immediately. The fees can really add up according to the loan agreement. That's why we offer payday loans with no credit check through major credit bureaus. Only a soft credit check is performed. We want to give you the ability to get the money you need without having to worry about how much it's going to cost.

When you apply for our payday cash loan with no credit check, we'll look at your monthly income instead of your credit history. We'll take into account how much money you make each month and your expenses like rent or car payments so that we can figure out what percentage of your paycheck will be going toward paying off this loan. Then we'll use that information when determining which loan amount would be reasonable for you based on a reasonable amount of time for repayment (usually between two weeks and six months).

You'll still have access to all of the same benefits as other payday lenders—like the fact that there's no credit check through credit bureaus required!

How Much Does a Payday Loan Online Cost?

When you need a payday loan, the last thing you want to think about is how much it's going to cost. But the truth of the matter is that the cost of a payday loan can vary greatly depending on where you shop.

Fast payday loans are designed to be short-term loans intended to tide you over until your next paycheck comes in. They are typically small amounts of money that are repaid over time with interest rates that can be as high as 400 percent per year!

That's right: You could end up paying back double what you borrowed just by taking out one of these loans.

Fortunately, there are ways to reduce the cost of your payday loan and even save yourself some money down the road.

What Payday Loan Alternatives Are There?

Payday loan alternatives are an important part of your financial health. This is because payday loans can be expensive and risky, so you want to be sure you have options in case you need to borrow money.

Payday loan alternatives usually come with lower fees than payday loans but sometimes higher interest rates, which means that it will cost more overall than a payday loan would cost if you pay it off on time. However, they still might be the best option for some people because they don't necessarily involve paying back a lot of money all at once as a traditional loan might require.

1. Credit cards

A credit card is a payment card issued to users as a method of payment. The card enables the user to pay for goods and services based on the holder's promise to pay for them. It differs from a debit card, which allows withdrawals from a checking account, or a prepaid card, which can be used in similar ways but is redeemable only for preselected goods or services.

2. Personal Loans

A personal loan is a loan that you get from a bank or credit union to help you pay for things like a car, home repairs, or medical expenses. You can usually borrow between $1,000 and $35,000 with a personal loan.

Short-term personal loans come with a fixed interest rate and a set number of payments over a set period of time (usually six months to five years). After that period is up, the personal loan is paid off. You can also choose to pay off your short-term personal loan early without penalty. Note: use personal loans only as a long-term financial solution even if the repayment term is short.

3. Installment Loans

An installment loan is a kind of loan that allows you to pay back the borrowed amount in multiple installments. In other words, it's a loan you can take out and repay over time.

The main feature of an installment loan is that you can pay it off over a period of time, rather than having to pay it all back at once. You'll have several payments over the course of several months or years, depending on how long you take to pay back your installment loans.

4. Personal Lines of Credit

A personal line of credit is a type of credit that you can use to make purchases, pay bills, and more. Personal lines of credit come with a set limit of funds, which means you can borrow up to that amount over the course of a year. You can then pay back the personal loan in installments, without having to reapply for another line.

Where Can I Find Payday Loans Near Me?

The unexpected is the only thing that's expected. If you've ever been in a financial emergency, you know how important it is to have an emergency fund. But sometimes, even if your emergency fund has enough money to cover the unexpected expenses, it might not be enough to cover everything all at once.

Frequently Asked Questions

What is the longest term a payday loan can be?

The longest term a payday loan can be is 60 days. Payday loans are usually for $100-$1500, which is the amount of money you'll pay back when you sign up for the cash advance loan. The minimum amount is usually $100, and the maximum amount is usually $1500 (though some lenders offer more).

Can I get a guaranteed payday loan?

If you're wondering whether you can get a guaranteed payday loan, the answer is yes! A payday loan with guaranteed approval is just what it sounds like: a loan that's guaranteed to be approved by your lender. When you apply for a guaranteed-approval loan, you'll be offered the money that you need in just one business day-and unlike traditional loans, there are no credit checks or other hoops to jump through.

Can I get a payday advance loan on the same day?

Yes, you can get a payday advance loan on the same day. A payday loan is a short-term, small-dollar loan that allows you to receive cash quickly, usually within 24 hours. It’s easy to apply for, and it can help you get out of a financial bind or cover an unexpected expense.

Where can I get a cash advance loan with bad credit history?

You can get a loan with bad credit by applying to a company that specializes in these types of loans. Bad credit loans are designed for people who have had financial problems in the past, and they are meant for people who aren't able to get approved for a regular cash advance loan.