Your Ultimate Guide To 1 Hour Payday Loans
Even though most of us generally try to make good financial decisions throughout our day-to-day lives, we may occasionally find ourselves in dire straits.
Whether your bills snuck up on you out of nowhere, or maybe your rent went up, lots of unforeseen expenses can catch a person totally off guard. And it’s times like these where being able to get a quick and easy 1 hour payday loan online can totally offset the stress of the situation.
However, most people tend to stay away from getting payday loans online. Whether it’s because of a shady misperception or not understanding how they work, or for whatever reason, many people are missing out on one of the best means of resolving a financial crisis quickly and easily.
That is why today, we’ll go over all the important details that you need to know about getting one hour online payday loans.
From what they are to whether or not you can get one with bad credit, we’ll cover all of the essential ins and outs below, in this edition of your very own ultimate guide to 1 hour payday loans.
What Are 1 Hour Payday Loans And How Do They Work?
In modern times, for any number of reasons, bank loans are not an accessible or feasible option for people facing a financial crisis.
While a sub-par credit history or crazy interest rates are common reasons, many people just can’t afford to wait for several days or even several weeks to get the money they need to keep themselves afloat. And that’s if you even get approved for the loan in the first place.
Thankfully, in today’s world, you can turn to lots of direct lenders that provide quick and seamless 1 hour payday loans.
However, most people have quite a few misconceptions about how they work. Getting a 1 hour payday loan doesn’t actually mean that you’ll receive your money within the hour. In actuality, these loans allow you to get a response on whether or not your loan request will be approved in an hour or less, as opposed to several days or weeks. And once a decision on your loan application is made, should you be approved, your money can be deposited or cashed out as soon as the next business day.
So, if banks are a no-go for you, these loans can be quite a great option thanks to how quickly they’re processed and cashed out.
Can You Get A 1 Hour Payday Loan With No Credit Check?
If you look around online, you’ll see quite a few lenders that seem to offer options like 1 hour payday loans with no credit check. And if your credit history is anything less than stellar, this could seem like the perfect option for you.
Whether you have bad credit or no credit history to begin with, there are a lot of lenders these days that will be happy to help you find the perfect financial solution, no matter your circumstances or credit score.
However, when it comes to the “no credit” label, it’s not entirely as simple as it sounds.
There are actually two main types of credit checks relevant to the average consumer. A hard inquiry is the full credit check that you’ll see performed by most banks, lenders, and brokerages. These inquiries appear on your credit history and can be seen by anyone else that looks up your credit, and they may even leave a slight dent on your credit rating. On the other hand, soft inquiries are only visible to you and do not impact your credit score whatsoever.
So, why are we talking about credit checks?
While some lenders advertise a “no credit check” loan, they do perform a soft credit inquiry instead of the traditional hard inquiry you’d see in a bank to verify your eligibility for a loan. However, today, some select lenders don’t check your credit whatsoever.
All in all, if you don’t have great credit but need a financial helping hand when unforeseen expenses come up, 1 hour payday loans with no credit check or a soft credit check are a fantastic route to take. These loans are generally approved within an hour and you could even be able to cash out your loan the very next day. However, given that the lenders who give out these sorts of loans are taking on a bit more risk by not relying as much on the person’s credit history, the interest rates you’ll see with these loans can be a fair bit higher than the rates you’d see with a lender that does rely on your credit history.
Can You Get 1 Hour Payday Loans Via Direct Lenders?
When you’re in a bind and need to come up with a sum of money quickly to feel financially safe and secure, time is often the last thing that you can afford.
Unfortunately, when you visit a local physical lending center, you’re dealing with a broker or another intermediate party. And since they have to then work with a lender to review, approve, and fund your loan, it can often take quite a bit of time from start to finish. Additionally, in some cases, your loan could even end up costing more than it would if you were working with a direct lender.
Thankfully, it’s entirely possible for you to apply for a one hour online payday loan with a direct lender by using a matching service. This can help you get practically instant approval in an hour or less. Once you’ve been matched with a lender, you’ll need to submit a little information such as your ID and some financial documents, and that’s it!
Working with a direct lender through a matching service helps take the stress and time investment out of applying for a 1 hour payday loan when you need one. And it doesn’t cost you a single dime either, as matching services are compensated by the direct lender that finances your loan.
Is It Possible To Get No Fax 1 Hour Payday Loans?
When you apply for a loan online or are trying to get 1 hour payday loans by phone, most lenders will require you to provide a few pieces of information about yourself and your financial situation to finalize the application.
Generally, one of the most common options is to fax over the documents they require. However, with fewer and fewer people using fax machines at home today, this could prove to be a pretty big inconvenience.
Thankfully, most lenders are in-touch with today’s technological advances, and as such, they may allow you to submit your information securely via their website or an encrypted portal.
So, if you don’t have access to a fax machine or simply don’t know how to operate one, faxless 1 hour payday loans may just be the best option for you.
Get Matched With The Best 1 Hour Online Payday Loan Direct Lenders
Investing dozens of hours, several days, or even weeks into shopping around for the right lender to take out a payday loan with isn’t a luxury that most people can freely enjoy.
After all, when you’re burdened by your financial circumstances, time is often the last thing you can spare. But before you take out a loan, it’s essential to make sure you’re working with the best possible lender, one that isn’t only highly reputable and fair but who can also provide the best terms on a loan that fits your situation perfectly.
Here at EagleStarLoans, we’re one of the best-rated matching services that work one-on-one with dozens of the best lenders across the nation to help you take the stress, time, and guesswork out of getting the best possible payday loans in your time of need.
Whether your credit history is less than stellar, or you need the loan to be financed quickly, we’ll match your application with the best possible lender for your needs and circumstances in as little as 10 minutes. And here’s the best part, our service is absolutely free to use!
So if you need a great loan, and you need it quickly, you’ve definitely come to the right place. Just fill out the quick and easy application form above to get started!