When to Get Emergency Payday Loans
July 9, 2021 | Daniel Dewitt
If you’re having trouble stretching your paycheck to cover all your bills, you might need to consider getting a small loan to help yourself along.
In that case, getting emergency payday loans might be an option worth considering.
Do, however, make sure that you’re not rushing into adding to your financial obligations without considering all the pros and cons first.
How to Determine if You Need Emergency Payday Loans
One thing to keep in mind whenever you consider getting a loan (doesn’t matter which kind), is that you shouldn’t treat them as a first choice solution to your problem.
The big upside of payday loans is that you can get them fast – at Fast Payday Loans of Kentucky, LLC. it takes less than a day to go through the entire application process and get the cash.
This means you have time to try out other means to get cash together before resorting to getting a loan. If you get denied for salary advance, aren’t able to get enough working overtime, cannot get a side hustle, and your bills become overdue, you can go ahead and apply for emergency payday loans.
When Emergency Payday Loans Are a Good Fit for You
Emergency payday loans are handy when you need to cover a time-sensitive problem that threatens to escalate and cost you more down the line if you postpone dealing with it.
Some examples would include:
- Medical emergencies like unplanned doctor’s/dentist’s visits;
- An urgent house repair (leaky roof/burst pipes/a broken lock/etc.);
- An urgent car repair (oil leak/tire change/etc.);
- Unplanned travel;
- Unplanned moving costs.
How to Qualify for Emergency Payday Loans
Payday loans are some of the most accessible and fast loans to get, but that doesn’t mean there are no qualifying requirements to satisfy. At the very least you would need to prove you’re of legal age (18+) and have the ability to repay the loan in the future.
To do that, at Fast Payday Loans of Kentucky, LLC. you’d need to provide the following items:
- A valid driver’s license or a state-issued photo ID for the vendor to be able to verify your identity and legal age;
- Your most recent pay stub as proof of income to prove your ability to pay the loan off;
- A blank check from an active checking account in your name (you won’t be able to use another person’s checking account even with their permission, so if you haven’t used yours in a while make sure it’s still active).
Concerns About Bad Credit
If you’re concerned about bad credit affecting your chances to qualify for emergency payday loans, we’ve got good news for you! Fast Payday Loans of Kentucky, LLC. accommodates clients of all credit situations – good, bad, or non-existent. As long as you provide the lender with all the required items, and those items match their standards, you have all chances to get approved for the loan, regardless of what your credit looks like.
What if You’re Unemployed…
Typically, the lender asks for your most recent pays stub because they would need to determine 1) what’s the loan amount you qualify for; 2) when you’ll be paying the loan off (since payday loans are usually paid on the borrower’s next payday).
That said, Fast Payday Loans of Kentucky, LLC. has flexible qualifying requirements allowing the borrowers to provide proof of alternative payment means if their employment situation isn’t stable.
The alternative means of income include compensations, welfare, and unemployment benefits, social security checks, or alimony.
How to Get Emergency Payday Loans with Fast Payday Loans of Kentucky, LLC:
- You can kick start the process from the comfort of your own home by filling out and submitting a quick cash online form on the website. The form will send your information to your preferred store, and soon enough a store representative will give you a call.
- The store representative will explain the process in-depth, answer your questions, and schedule an appointment with our associate for you.
- Take the required items (your ID/driver’s license, proof of income, a blank check from an active checking account in your name) to that payday loan near me appointment. The associate will assess everything and determine if you qualify for the loan and how much you should get.
- If they approve you, you’ll go through the final paperwork and get the cash the same day. The entire process could take as little as just 30 minutes!
Submit Your Inquiry Today!
When emergency takes you by surprise requiring a lump sum of out-of-pocket expenses, quick payday loans might be an alternative to traditional loans. Due to the swiftness and straightforwardness of the process, payday loans can come in handy when you need cash ASAP.
If you find yourself in a situation like this, don’t hesitate to keep in touch with Fast Payday Loans of Kentucky, LLC. You can get started today by submitting a short inquiry on our website!