The payday loan yes lending company enables you to borrow as little as $300 dollars, or up to a maximum of $1,000, and can inform you of your rejection or approval within an hour. With a 98% approval rate, almost everyone gets the cash they need. For those who qualify, the application process is fast and money is available quickly.
Loan Restrictions
In some states, payday loans yes can not provide their services, including Colorado, New York, Illinois, Delaware, and Florida, to name a few. If the borrower is a member of the United States Reserve Armed Forces, they are also ineligible. This includes members of the Army, Navy, Marines, Coast Guard and Air Force. Although this is unfortunate for some, lying about residence or active military duty on an application is considered a crime.
The Process
The loan process starts by filling out an online application, which takes no more than a few minutes. This is a paperless application, and no credit check will be performed. Live customer service agents are available to assist with questions, or contact you if there is a problem with the form which needs correcting. The exception to the paperless process is when employment can not be verified, in which case the individual will need to fax the information to the office directly.
Processing takes about an hour, and if the loan is approved, the amount requested (from $300 to $1000) will be wired to the listed bank account within 24 hours. To expedite applying for the loan, have a recent pay stub, valid bank account statement, and a personal check available. Other information required to apply is a valid home address and contact information, social security number, and job references.
Loan Payments
Payday Loans Yes offers borrowers the option to pay back the entire amount on payday, or the finance charges only. The alternative payment arrangement is similar to a credit card, where the balance is left to be paid for a later date. Debtors will have to pay the loan back eventually, so every effort should be made to pay something towards the principal every time.
Making payments is easy, and the process can be automated for payday. Customers have the option to log in and check the status of their loan anytime. The best policy is to be prepared to pay the borrowed amount in full by the first payday after receiving the money. Finance charges can add up quickly and create a burden of debt.
When scheduling payments, elect the option to pay three days prior to receiving wages, and always pay a portion of the principal if the entire balance can not be cleared.
Considerations
The people at payday loans yes have the best interest of their customers at heart, but they are a lending institution nonetheless. Before applying for debt, assess your current situation and look for sources of income from employer-sponsored retirement plans or home equity lines of credit. Everybody can get caught unprepared between paychecks, but don’t let the incident make it more difficult to pay bills in the future.
Looking for Something? Search here:
(examples: auto, banking, college, credit cards, debt, frugality, insurance, investing, loans etc.)
