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Are you in between paychecks and unsure of how you are going to make ends meet? Maybe you opened the mail to find an unexpected medical bill. Those moments can be scary and sometimes troublesome, but here at BridgePayday we can help by offering access to payday loans online. A payday loan is typically a small loan that is given to an individual with the expectation that they will pay it back on our around their next payday. You may have also heard of them referred to as a payday advance. If this sounds like something that can help you right now then fill out our free online application or call our toll free number today. If you want to know more, keep reading!
Qualifications for a Payday Loan
One of the best things about pay day loans is how simple it is to qualify. Here’s what you can expect in terms of requirements:
- Age – Just like with other types of loans, an individual must be 18 years or older to qualify for a payday loan.
- Citizenship – You must be a US Citizen to qualify for a pay day loan.
- Employment – Although the amount of money you make does not matter when applying for a payday loan, the lender will want to make sure that you have steady employment so that they set your repayment schedule accordingly. Employment can be verified by providing recent check stubs.
- Bank Account – Online payday loans use direct deposit to get the funds to you, so you must have a bank account that accepts this form of transfer.
Benefits of Online Payday Loans
There are plenty of reasons that people all over America continues to prefer online payday loans to one that must be applied for in person. One is the sheer speed of the entire process. An individual can apply online, be approved, and see money in their bank account within a few business days. Finally an instant online payday loan! Another benefit is being able to apply for online payday loans 24 hours a day. Unlike brick and mortar stores, websites like BridgePayday don’t have a closing time! Individuals applying for online payday loans often do so because they appreciate the privacy that it provides. The application process for payday loans online can be completed at whatever pace you choose so you have time to make sure you understand exactly what to expect. This is just a sample of the many benefits of online payday loans. Everyone’s financial situation and need is different so you may find benefits that weren’t there for other payday loan recipients. Whatever the financial need is a payday loan could help! If you are ready to find those benefits simply fill out or online application here at BridgePayday or call our toll free number to speak with a representative today.
Who are Payday Loan Lenders?
Simply put, payday loan lenders are the businesses that provide the payday loan. However, society tends to give them a bad reputation. You may have heard that payday loan lenders are just trying to gouge the borrower by increasing penalties and fees or that those lenders are overly demanding. The truth is that they are not only in the business of giving loans but of having those loans paid back. If payday loan lenders did not impose penalties on recipients who did not pay their loan back on time then no one would ever pay the money back in a timely manner. The fact is that severe penalties and interest only accrue on paydayloans that are late – that situation doesn’t have to happen to you.
Ready For Your Payday Loan Online?
If you are ready to get your payday loan process started BridgePayday can make it easy for you. First you just need to fill out our easy to use online application or call our toll free number to complete the application with a representative. The payday loan application will ask for basic information like your name, age, and place of employment. Based on this information BridgePayday will set you up with a payday loan lender to help you complete the process and get the money you need. The payday loan lender will need you to sign some loan documents that will explain in detail the amount of your payday loan and when must be paid back. Those documents will also outline the penalties and fees that may accrue if you do not pay the loan back on time. So remember when you are faced with unexpected bills or have an need for money fast, BridgePayday and payday loans can help today!
- FILL OUT THE FORM
- SAFE & SECURE
- QUICK APPROVAL
- CASH DESPOSITED
What is a Title Loan?
Often referred to as car title loans or auto title loans, title loans are loans that use equity in your car for collateral. Because title loans are secured, you are able to borrow greater amounts and lower interest rates than unsecured loans (such as payday loans).
After completing the online application at BridgePayday, our network of title lenders will review your application. You will then be presented with a title loan offer based on the value of your vehicle. Your lender will arrange to collect your original title, but all loan documents will be electronically signed and delivered.
Does BridgePayday Issue My Title Loan?
No. BridgePayday is not a title lender. We help connect title lenders and borrowers. Borrowers who use our application process, which pre-screens them to ensure they meet our network lenders’ minimum requirements, are then able to apply at once to multiple lenders. BridgePayday does not determine or alter the terms of your loan; the value of your car, loan amount, interest rate, repayment schedule, fees and other terms of your loan are agreed upon exclusively by the lender and borrower.
What do I Need to Qualify?
Every title loan lender is different when it comes to who can and cannot qualify, but if you are at least 18 years old, have a steady income, own your car, and are a US citizen, you shouldn’t have a problem.
What about My Poor Credit?
Title loan lenders are not concerned with your credit score. Your loan will depend on what your vehicle is worth and your ability to repay your loan.
How Much Will I Be Able To Borrow?
The amount of your loan depends on how much your vehicle is worth.
Will I Have to Give up My Car during the Loan?
No. You will retain possession of your car during the life of the loan.
What Will Happen if I Can’t Repay My Title Loan?
BridgePayday is not a title lender, so we will not enforce payment. Your title lender has the ability to impose penalties and interest or even take possession of your car if you do not repay your loan.
Why Should I Work With BridgePayday to Get a Title Loan?
Using BridgePayday to get a title loan is a smart decision for individuals who want the process to be as seamless and quick as possible. Remember, since title loans are secured with collateral it means that you, the borrower, can get more money with lower interest rates. BridgePayday can connect you with our network of lenders who are ready to compete for your business.
Can a Payday Loan Consolidation Help Me?
Yes! If you are struggling with large amounts of payday loan debt then you may be in need of a payday loan consolidation. Here’s how it works – first we’ll determine how much you can pay towards your payday loans each month. Next, that amount is deposited into a bank account in your name each month. Once there is enough money in the account, BridgePayday will contact your payday lenders to start negotiating a settlement on your payday loan balance.
How Much Will I Pay Each Month?
Your monthly payment will be based on your overall payday loan debt amount in addition to what you are able to pay. Ultimately, BridgePayday wants to free you from the multiple payday loan payments you can’t afford, and we achieve this by crafting a plan with a single affordable payment.
Will All of My Lenders Communicate with You?
BridgePayday has relationships with a large number of payday loan lenders and their respective collection agencies. Lenders are not obligated to work with us, but the majority of them realize that it’s in both parties’ best interest to find a settlement rather than to go into the collection process.
So I Won’t Have To Pay Off My Full Loan Amount?
Unfortunately we can’t guarantee that because lenders are not legally required to negotiate with us or agree to any settlement amount.
How Long Will This Process Take?
Usually, anywhere from 6 to 18 months, but it truly depends on the amount of your debt, what kind of monthly payment you can feasibly make, and how successful BridgePayday is in negotiating settlements with your payday loan lenders. If you would like to call us for a free debt consultation, BridgePayday can give you more specific estimates on what a payday loan consolidation can do for you.