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Payday Loans in Alabama to Help You with Your Tough Financial Phase
When you’re facing financial trouble and need cash urgently, payday loans are your best friend. Of course there is always the option of approaching friends and family, but it may not always be possible for them to lend you very high amounts since these days even the smallest emergency is expensive. Unlike traditional lenders who take ages to fund you, direct lenders like PaydayLoanTeller approve your requests for loans almost immediately.
Now You Don’t Have To Step Out In Search of a Payday Loan Near You!
When in need of urgent cash, people often search for “payday loans near me” on the internet in order to avail some fast cash. However, that does meant that you will have to step out of your comfort zone in many ways.
First, you’ll have to travel all the way to a store in order to visit a lender. Then you’ll have to wait in a queue for your turn which can be quite tiring and time taking. After that, you’ll have to go through a ton of paperwork after which you will be able to submit your application.
With online payday loans, you can avoid every such monotonous, tiresome and time consuming procedure for all you have to do is apply online. Just take out your cellphone, visit our website and fill our short 3 minute form. After that, all you have to do is submit the very basic documents we ask for as soft copies and sit back and relax till we process your loan and transfer funds.
No you don’t have to look for a payday loan near you and go from store to store due to no guarantee of being funded.
Online Payday Loans in Alabama for Bad Credit
Hard Credit Checks vs. Soft Credit Checks
Hard Credit Checks: Hard credit checks are conducted by traditional lenders in order to get a better idea about previous repayments. They give detailed information about past credit transactions which helps lenders approve or disapprove a loan request. In case of faulty repayments, most lenders do not approve the request.
Hard credit checks can hamper a credit score and if one has bad credit, the chances of receiving a loan from another lender can reduce even further.
Soft Credit Checks: Soft credit checks are usually conducted by payday lenders/ short term loan lenders. They give little information about past repayments and basically give an idea about the credit score of a borrower. Some lenders conduct them while some don’t.
Soft credit checks do not hamper an existing credit rating, so even if a lender conducts it in order to find out the credit score of the borrower due to their own approval policies, it doesn’t reduce the chances of the borrower getting an advance from another lender.
Being a considerate online trusted lender, we offer payday loans in Alabama with no credit check, thus giving a chance to those individuals who possess undesirable credit ratings. A score of 600 or less is considered faulty or bad and most lenders do not wish to go ahead with what they term high risk borrowers” with the fear of not being repaid. However, we do not depend on your credit rating in order to qualify you as a trusted borrower. We ask you to have a stable income, which once proved with your income statement can push you a step closer to being granted a loan from us.
Along with that, these are the few basic documents that we require in order to issue a payday loan online in Alabama to you:
- Your income statement/ Pay stub
- Age proof (18+)
- Checking account details
- Verifiable contact details
Improve your Credit Rating with a Payday Loan
Many a times, people take payday loans just to improve their credit ratings. How does this work? When you take a payday loan and repay it on time (i.e. on your next consecutive pay date), your credit score automatically improves. Since payday loans have to be repaid so quickly, taking multiple ones just to improve your credit score quickly so as to be able to obtain a traditional loan in the future at lower rates of interest is a great idea.
When Can You Apply For A Loan With Us?
PaydayLoanTeller is accessible 24×7, so you can apply at any time of the day from your smart gadget at hand. You do not have to worry about going around looking for a store based lender, and you do not have to worry about opening hours and timings.
This also makes the process easy in terms of no faxing or paperwork requirement, since all you have to do is send across the documents online itself. Rest assured that your documents are safe with us since we have implemented high levels of encryption and ensure to keep your personal information confidential.
Once we receive every document of yours that is required to get approved by us, we do not waste time with transfers at all. We transfer funds directly into your checking account immediately, which is why you will receive your cash advance in Alabama in 24 hours depending on your bank’s policies.
Get Unsecured Payday Loans in Alabama from PaydayLoanTeller
Can’t provide collateral? Don’t worry! PaydayLoanTeller doesn’t ask for any kind of security pledging in order to fund you.
Most often than not, traditional lenders ask for security (collateral) in order to provide you with a cash advance. Collaterals are valuable items like houses or cars that are taken over by lenders in case a borrower fails to repay his/her loan.
This can be a difficult situation to be in in case you don’t have anything to offer and also if you’re facing a really tough financial situation to be putting things at stake just to get a short-term loan of a few hundred dollars.
Being a considerate direct lender online, payday loan teller understands what you’re going through. That’s why, we offer unsecured payday loans in Alabama which means that we don’t require you to offer a security pledge of any sort in order to get a small cash advance.
Get Payday Loans that are Safe in Alabama
These days, one often comes across schemes that look appealing but turn out to be fraudulent. Unfortunately, the lending market includes a lot of scamsters offering such schemes.
They often ask for money in ways that one can easily get tricked; “application fee”, “processing fee” and more terms are used by them and they make their offers look appealing and convenient by stating that they shall provide funds without asking for any documents at all. These kinds of offerings on the internet are fraudulent in nature and one must avoid applying for the same due to the risk involved of losing money.
Always remember that you are the one in need of money, not your lender. Here are 3 tips to keep in mind in order to avoid getting caught in a lending trap:
- Make sure that the language used on the website is decent
- Ensure that they don’t ask for any kind of “fee” before approving your loan and transferring funds
- Make sure that certain documents are asked for, even if they are very basic ones
PaydayLoanTeller’s high levels of encryption ensure that your documents reach us safe and sound and we ensure to keep your information confidential. We don’t involve fraudulent third party lenders in the process which is why our borrowers keep on re-applying for cash advances with us.