If you are solely dependent on monthly paycheque, then you may face shortage of money ahead of your next salary due to overspending. But you can explore your employment status to borrow money through 1-hour payday loans. The lenders usually approve an amount for your circumstances in an hour. The loan amount is directly dispatched into your bank checking account for its same day use.
Approval of loan amount comes quickly as the lenders process the application online without many queries from them. Many such loan providers do not even ask you to fax any papers. Instead, they telephonically confirm your details about monthly salary, residential address and may take other information. Sometimes, the payday loans are available against a post-dated cheque from the borrower.
1-hour payday loans are made available quickly also due to the fact that the lenders do not ask about your past history of making payments, thus, even when there are multiple credit faults such as late payments, payment defaults, arrears and CCJs, you can promptly borrow for emergency purpose.
The loan amount thus approved ranges from 100 to 1500 for a very short duration of 14 days, with the repayment date fixed as your next payday. But you have the option of stretching the loan once you have made the interest payments. The loan is useful in timely payment of expensive bills of credit cards, electricity; pay off tuition fees and make use of the loan for family emergencies.
However, 1-hour payday loans may be little costly for your smaller paycheque. On the due date, you will be returning an amount at higher APR. Therefore, it is essential that you first search for affordable offers of payday loans. Compare as many such online loans and settle for the one that suits to your next paycheque in terms of its repayment capability.
Make sure that you do not stretch the loan for a longer period so that you can avoid the pitfalls of 1-hour payday loans. Repay on the due date to escape from any burden on your paycheque after you have used the loan for urgency.
