Due to a doubtful economy, there is a sudden explosion of organizations that are willing to extend financial help in the form of payday loans
. Be it academic expenses or unexpected medical bills a one hour payday loan is most welcome to a salaried person because it is fast, easy and dependable. One hour loans have many advantages besides being quick, reliable and hassle free. It is safe and confidential as well, as there is no possibility of leakage of your personal and banking information.
Online one hour payday loans also eliminate the need to compile all your financial information and documents and present them to agents as was done earlier. You don"t have to go through the rigmarole of having your credit history checked and submitting documents and so on. Online payday loans can be obtained by people with a bad credit history also. However you should not have any other loan to be repaid in which case your present loan will be denied or rejected.
As long as you have completed 18 years of age, have been employed for 3-6 months with regular income of at least $1000 and have an active bank account which is in your name, you are qualified to apply for a payday loan. One hour payday loans help to keep you earn a good credit score by giving you a chance to settle late payment on overdue bills or even debt consolidation.
You do not have to place any collateral to secure a one hour payday loan. When you apply for the loan online it is approved within minutes and the funds are instantly deposited directly into your bank. In the same way, when the amount is due for repayment the lender withdraws the money from your bank along with interest.