Even if you have a bad credit history and have previously faced rejections, now you can get a 3 Month Payday Loan even without a credit check!
3 Month Payday Loans
If you have previously encountered emergency difficulties, most likely you have already dealt with Payday Loans. This loan solution is simple and short-term, so you have to pay off the debt on the day of your next paycheck. However, what if this time is not enough to cover the debt with interest?
3 Month Payday Loan is the type of financing you need, since you will not have to pay off the debt from the next payday. Thus, this option is perfect for a borrower in an emergency!
What Should I Know About 3 Month Payday Loan
3 Month Payday Loan is a simple and secure loan that is designed so that a borrower with any type of credit can apply and receive financing for their needs. These loans are unsecured and have a minimum number of eligibility criteria, so they are fairly easy to obtain.
You should be aware that this loan differs from the traditional Payday Loan because of longer repayment terms. Most likely you know that a Payday Loan needs to be repaid within 14-21 days, which is often not enough for most borrowers. However, with 3 Month Payday Loan, you have as many as 3 months to pay off the debt with interest. Thus, this loan is perfect for any borrower in an emergency.
3 Month Loan Eligibility Criteria
Each loan has a certain number of criteria that must be met, and 3 Month Payday Loan is no exception. Although the criteria may vary depending on the lender chosen and the laws of the state, most often the main ones remain the same:
- Be a US citizen or official resident
- Be at least 18 years of age or older
- Have a regular monthly source of income
- Provide an active bank deposit account
- Provide government issued ID
- Provide social security number
- Provide contact information, such a phone number and e-mail
If you meet the above requirements, chances that you will receive a 3 Month Payday Loan are quite high.
Bad Credit 3 Month Payday Loan
Many borrowers want to know if a 3 Month Payday Loan can be obtained with bad or poor credit history. And the answer is yes.
Payday lenders believe that previous mistakes should not affect the borrower’s ability to get a loan when necessary. Thus, they will approve applications for almost any type of credit as long as the borrower meets the basic eligibility criteria.
What’s more, payday lenders don’t ask for a traditional credit check at all, as the most important factor in approval is a regular monthly source of income.
How Much Does A 3 Month Payday Loan Cost?
Like the traditional Payday Loan, the 3 Month Payday Loan is an expensive financial solution. As already mentioned, payday lenders approve applications even for borrowers with bad credit and do not require collateral. In this way, they want to compensate for their risks with high interest rates. Typically, you will need to pay between $ 15 and $ 30 for each $ 100 borrowed. Make sure you can repay the loan with interest before applying for the 3 Month Payday Loan.
Easy Steps To Get 3 Month Payday Loan
As already stated, getting a 3 Month Payday Loan has become as easy as possible. More and more lenders are providing online applications that save borrowers a lot of time. So what should you do to get a 3 Month Loan?
First of all, you need to visit the site of the selected lender and fill out a simple and convenient online application. It will not take you more than 10 minutes, and you can do it at any time convenient for you. Online payday lenders approve applications almost instantly, so you can receive financing in your bank account the very next business day.