1-hour payday loans, as the name itself, are small amounts of cash mostly offered for financial emergencies. The loans can be handy for anyone who needs money fast. These short term loans have a repayment term ranging from two weeks to one month.
Typically, you are to repay the loan as soon as your next paycheck arrives. For this reason, it is advised against using 1-hour payday loans to clear your outstanding debts. Instead, only apply for the money when you have a financial emergency like car repairs and medical bills.
Ideally, nothing like 1-hour payday loans exist. And it is very easy to explain this. One hour isn’t enough time to process and approve a loan application.
The good news is that if you apply and qualify, the money will be in your bank account within 1 business day. If you apply on a weekend, the money will be sent on the next business day. The same applies to applications received on holidays. But if you apply and get approved on a Tuesday, you receive the money on Wednesday.
Just like we already said, 1-hour payday loans don’t exist. If you apply for payday loans instore, your account will be funded on the next business day. Lenders need enough time to review your application details before approving the money. But with online applications, the process is much easier. Dedebt is a referral agency that connects loan applicants to hundreds of lenders. This makes it easier to get the money you need fast. Plus, online applications are secure.
When a person applies for 1-hour payday loans, they are basically applying for regular payday loans. People apply for payday loans when they have a pressing financial issue. This can be car repairs, a medical emergency, and other related issues.
No credit check loans are available. But the 1 hour part isn’t there. Most payday lenders don’t check your credit score when approving your loan request. They instead use other means that ensure that you can comfortably repay the money. No credit check payday loans are common. They are useful for people who can’t qualify for bank loans due to bad credit. So long as you can prove to repay the loan by showing proof of employment, it is easier to qualify for these loans.
You can apply for a payday loan from a direct lender. But this means that you will only be working with one lender. What if he rejects your loan application? It means that you have to look for another lender and go through the whole process again. This can be frustrating and time-consuming. But with Dedebt, you can apply and qualify within minutes. Your loan request will be seen by hundreds of lenders, making it easier to get approval.