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1-hour Payday Loans by Phone



Whether it's a medical problem, the need to repay a debt, a sudden breakdown of a vehicle, or your tuition fee that can't be put off, you can get one-hour payday loans to help you deal with all of it.


Requesting a 1-hour payday loan online or by phone saves your time because you don't have to wait in lines, talk to assistants, and most importantly, collect paperwork and documentation. In addition, this will allow you to receive the loan faster than you would from a store-based lender.


The fact that a person has applied for a 1-hour payday loan shows that he needs money desperately, which is why direct lenders avoid processes that delay approvals and transfers; thus, they offer one-hour payday loans with no credit check. Consequently, if you have poor credit scores or no credit history at all, you are still eligible for 1-hour payday loans.


What are Payday Loans Generally?


A payday loan is a small short-term sum of money used to bridge paychecks. These sums are due within a month or until the borrower’s next paycheck. Payday loans are unsecured funds and do not require collateral to secure the money. The amount can range from $100 to $2500; thus, paydays cannot solve significant financial problems. However, these funds are quick and can help cover small emergency expenses or urgent bills. 

The Reality is…


Nowadays, the internet is flooded with advertisements promising the quickest and most convenient payday loans by phone that are available within an hour. The reality is that these advertisements can sometimes deceive clients, failing to mention that the process of reviewing the claims alone can take an hour. Generally, the funds are transferred into the borrower's active checking account within one business day. If the client applied in the morning, the chances of receiving the loan the same day are greater than if the client applied later in the afternoon. In this case, if approved, the funds are deposited the following business day.

Thus, it is essential for the customers to check the website’s reliability before choosing to work with it. The trustworthiness of such platforms can be checked through real reviews of the customers or the legal address of the website.


About Payday Loan Interest Rates


Payday loans are famous for their high-interest rates. For example, an online lender can require from 15 to 20 percent interest for each $100 borrowed. Furthermore, APR (annual percentage rate) can reach up to 400%. This is why payday loans are sometimes called “budget busters.” However, as such loans are only due between 14 to 31 days, they can’t ruin the borrower’s financial stability and can be helpful in a financial crisis. 

About Rollover


If a consumer is unable to repay the loan within the two-week period, they can ask the lender to "rollover" the loan. If the borrower's state allows it, the lender rolls the loan over, and the customer simply pays the fees to extend the loan. However, in such cases, interest rates and finance charges rise.



[ Updated on 14-Oct-2021, 23:13 ]

We've been in the industry for more than six years.