1 Hour Payday - Avoid These Mistakes and Get the Loan You Need


A payday loan in 1 hour is often required by a consumer that is faced with a small financial crisis. Individuals in this economy have at times fallen behind financially due to the rising cost of utilities, car repairs, or the increased price of gas or public transportation getting to and from work. These bills or expenses can cause the average hard working individual to tap their financial resources until not much is left for emergencies. When faced with a financial dilemma, some individuals may need to seek a payday lender that can give them a loan quickly, in about an hour. There are thousands of payday loan websites, so which one can meet your needs for fast cash?

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Avoid these common mistakes and get a 1 hour payday loan:

Mistake # 1: It is 11:00 at night and I want to get a loan in an hour. This will most likely not happen. Why? Because payday lenders need to verify your personal banking information while the bank is open. It would be wise to wait until normal banking hours, 9a.m.-5 p.m. Monday through Friday, to apply for the loan.

Mistake #2: I can get a loan if I am unemployed. It is highly unlikely that this will happen. Most lenders will require applicants to be employed or have some sort of regular income. If unemployed, it may be best to try to get funds from a trusted friend or relative.

Mistake #3: All payday loan websites are the same and will give me the money I need in 1 hour. If looking for a loan in 1 hour, search for a payday application website that offers loans in around one hour. The majority of websites offering short term loans make the funds available in 24 hours. If quick cash is necessary to meet an unexpected repair or bill, search for a lender that clearly states that loans will be wired in around one hour. This feature of offering a payday loan in one hour is usually highlighted on the application or in the frequently asked questions on the website.

Mistake #4: Loans are available even if I do not have a bank account. Lenders require borrowers to have a bank account. Some will require a checking account, whereas others will lend to individuals that only have a savings account. The bank account must be active. An active bank account provides the means to have the requested loan wired, hopefully in around one hour.

Mistake #5: The website offers up to $1500, so I will request $1500. Payday loans are not free money. They should be viewed as a financial obligation that needs to be repaid in a short period of time. The responsible borrower, in an emergency, would only request the amount that is absolutely necessary to cover the unexpected bill. Loans under $500 usually get higher approvals, provided that all other criteria has been met to qualify.

This overview of common mistakes may help applicants of payday loans get the cash needed in 1 hour. Use payday advances responsibly and go over the terms of the loan with the lender. Be sure to inquire about the loan details, repayment periods, and fees involved.


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