Payday loans offer temporary relief if you need a little help between paydays. They can really get you out of a financial jam because you can have the money in your bank account before the day is complete. However, before you apply for one, you need to do your homework to make sure the lender is legitimate and trustworthy.
When choosing a payday lender, you need to make sure they are licensed. At Instant Payday Canada, you can obtain a payday loan quick and easy, and you can receive the money in just 15 minutes. They are a licensed payday lender in Ontario, Saskatchewan (including Moose Jaw and the surrounding area), and BC that offers loans to those who need some extra cash.
You can receive up to $1500, and you will pay it back the next time you receive a paycheck. Even though the interest rates are higher than other types of loans, they will offer you the best rates available. Your credit is not an issue because they will not look at your credit score before approving you of a loan. To qualify, you need to have employment income (not social assistance) and be at least 19 years of age. You also need to have a bank account that provides online banking. In addition, you must provide a pay stub or be paid through direct deposit.
When your payment is due, they will just debit the funds from your checking account. If you have your paycheck deposited directly into your bank account, they will not need to provide proof of employment, so you will not need to fax any documents to them. If you do not think you will have the funds to make your payment, contact them and they will provide an extension; however, additional fees will be added to your loan.
Payday loans can provide you with money to pay for medical expenses, car repairs, home improvements or monthly bills. You can use the money for anything you want. If you need access to quick cash, apply for one now, so you can pay your obligations until you can get back on your feet again.