subject: No Hassle Payday Loans : Eliminate All Hurdles For Quick Cash [print this page] While you usual loans take a long time for approval due to a lengthy procedure of valuation of collateral and repayment capacity of the borrowers, no hassle payday loans are promptly approved and given in the same day. Such quick approval of the loan is a special feature of it as the loan is carved out for emergency purposes. The loan amount is instantly deposited into your bank checking account within 24 hours without credit checks.
Hassles of visiting several lenders to find a suitable one, filing plenty of documents to prove your credit-worthiness and repayment capability, credit history etc are out of your way when borrowing a loan based on your next payday. Such is usually the ease in taking out the loan that the lenders only confirm telephonically about your employment status, workplace, monthly salary and residential address and approve a loan for urgency.
No hassle payday loans are ideal for timely repayment of expensive bills to avoid late payment penalties, paying off tuition fee of child, repairing of your car and for some family urgency. You can borrow 100 to 1500 against a post-dated cheque containing of the principal amount plus interest charges. No other security is demanded for the loan.
Approval of the loan comes for two weeks ahead of your next payday. On the due repayment date, you can redeem the post-dated cheque by paying back the loan in cash. You can even repay the interest only in case you need to extend the principal amount for few more weeks.
Your bad credit history comprising of multiple cases of late payments, payment defaults and CCJs is seldom a hurdle as no hassle payday loans do not allow for any credit checks on the applicants. So the hassles of credit checks are eliminated from the loan availing process.
However, ensure that you have first compared the lenders for competitive interest rates. Online lenders of no hassle payday loans can be relied upon for comparatively lower rates so that burden on next paycheque is easier. Repay the loan on the due date to avoid debts.
