1 hour loans for bad credit are guaranteed payday loans which can be easily obtained online. With these loans, you can guarantee that you can have the money that you need within a short span of time and despite of a very poor credit score. They can be made easily made available so they are great solutions for immediate cash emergencies and urgent unexpected expenditures. In this post, we are going to discuss some of the reasons why you should take and why you should not take out guaranteed loans payday.
Why You Should Consider Taking Out Payday Guaranteed 1 Hour Loans
- 1 Hour Loan Processing – This is the main reason why you should consider 1 hour loans. It offers a very short processing time so you will definitely have the money that you need within the time you expected to use it.
-Availability – Finding the right lender is easy and more convenient because you no longer have to call on every lender that you see on the yellow pages to ask for their services and rates. With these loans available online, you also no longer have to drive around to search for lending companies. With just a computer and an internet connection, you can already search for lenders and apply for a loan, without leaving your home or office. - Can Be Used In Times Of Emergencies – Because of the fast processing time and their availability over the internet, they can be readily available in times of financial crisis and emergencies.
Why You Should Not Take Out A 1 Hour Payday Loan
- Short Repayment Term – 1 hour loans and almost all forms of payday cash advances have very short repayment terms. These loans are usually due on the 14th day from the time they were taken out or on the borrower’s paycheck. This will allow you leave you short on budget each time you pay it off and you will end up taking out another loan again.
-High Interest Rates – Because of the quick processing and being bad credit loans, they usually come in high interest rates and origination fees.
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