What is a Payday Loan?
Payday loans are a form of cash advance that is intended to help you get by before the next paycheck arrives. Once you’re approved, the company will lend you a small amount of money. Payday loans are mostly given to those with poor or no credit score. It only requires that you have a monthly income from a job and have a bank account.
Other Related Products
The loans mentioned below can be very helpful in making your life easier and stress-free if you are going through some difficult times and need cash quickly.
Short Term Loans
Short-term loans are ideally suited to meet the borrowers urgent cash flow requirements. It is up to the borrower to decide and choose the form of financing that is best suited to their needs in order to enjoy maximum facilities at a lower cost.
Personal loans are good for a variety of purposes from consolidating debt to fulfilling your family dreams and they are personal, which means your reasons are yours. Personal Loans can also create convenient as they can be managed in instalments.
Why Choose the Thaiger?
Here at the Thaiger, we tailor everything for you to help you reach your goals. Our professional team will help you from start to finish. Whether you need guidance to make a decision, you want assistance in the application process, or you need someone to help during the approval process, we’ve got your back!
How payday loans work?
A payday loan is a short-term loan that will help you meet short-term financial needs before the next paycheck arrives. The money is deposited directly into your bank account and you repay the money in full with interest and charges at the end of the month. Payday loans are usually based on your monthly income and you must have a pay stub before applying. When the loan is due, the lender will schedule a day for you to return and repay the loan. If you fail to appear, the lender may issue a check or make a withdrawal for the loan balance plus interest so if you can’t afford to pay it back in time it’s best to think twice.
What Are the Advantages of Payday Loans?
These loans have many benefits and are helpful for those people who have bad credit as well as for those who have little financial literacy and need immediate cash.
What Happens If You Can’t Repay a Payday Loan?
You will need to repay your loan through a postdated check, including the full amount you borrowed plus any fees and interest given by the lender.
If you’ve given payday lenders access to your bank account as part of the loan agreement, they’ll begin making immediate deductions from your account when the money you owe is due. After 60 days after the due date, creditors will try to collect money on your behalf. They’ll almost certainly hire a debt collector if you don’t pay within this time frame. You should expect the debt management agent to call you and send you letters on a regular basis until the money is paid back.
Inquire Now to Receive your Payday Loans