A 500-dollar loan is a type of short-term loan which is helpful if you need extra money to pay for any emergency expenses. These unexpected expenses may include car repairs, auto repairs, medication bills, groceries, utility bills, etc.
At LoansinaDay, you will get to know how to apply and get a quick $500 loan to cover the immediate need when you’re short of cash.
There are several ways to obtain a payday advance loan; here are the most common ways:
Normally traditional loans are hard to get and may take some time for approval. Compared to them, a payday loan is the best option for those seeking a $500 loan. A payday loan has a fast approval rate and deposit in one business day. You also don’t have to worry about credit checks or paying additional fees compared to other types of loans.
Payday loans online are a great option if you need money immediately and don't have any other options. Here are a few reasons why it is a great choice:
You must meet the requirements below to be approved for a short-term loan.
At LoansinaDay, you need to fill out a short and secure application form online and get an instant decision, even with bad credit.
In rare cases, if you apply and are accepted early in the day, you could be eligible for the loan to be processed on the same business day; if not, then the following business day. Here are a few things that set us apart:
Payday lenders use alternative sources for verifying your information. They do not do hard credit checks except in rare cases.
Your income and prior borrowing history are the most frequent reasons you might be turned down for a payday loan. However, rejection is not a common issue with payday loan applications.
These loans are fee-based loans. In some states, there is also a cap on the interest rate of the loan, usually 36% or the same as credit card limits.
Payday loans may be forwarded to collection agencies if you cannot repay them, harming your credit and resulting in ongoing calls from the agency. It is always recommended that you contact your lender before your payment is late. Many lenders will work with you to find a solution that works for you and them.
Loans are typically accepted (or denied) in 90 seconds or less from submission. You should expect, if you are approved, to spend 10-20 minutes on the phone with your lender reviewing the loan and getting your questions answered.
Fill out the application on the website and ensure you fill in all the details correctly. If everything looks good and you are approved, you should receive the payment in one business day.