Where Are The Fastest Payday Loans?

September 4, 2020 | Emma Frost

Financial emergencies are something that everyone has to contend with in their lives. With the exorbitant cost of medical expenses in the country coupled with the high cost of living and paychecks not fluctuating to meet the cost of living, many of us are left with little extra money set aside to handle more than our monthly bills. In fact, 70% of working Americans have less than $1,000 stashed away in their savings account, with 45% revealing they have nothing, meaning they live paycheck-to-paycheck. With so few people prepare to absorb a budgetary blindside, what can you do?

Before you scramble to the internet to conduct your own searches for fast cash, stop for a moment, and consider payday loans. When other options, such as reaching out to family members and applying for credit cards, payday loans can be an option that helps you take back control of your financials. If you're interested in other ways you can boost the amount of money in your account each month, check out this blog! In the meantime, don’t bother looking up payday loans in Covington, Kentucky. Keep reading to find out what payday loans can do for you and where to find the fastest ones available.

What is a Payday Loan?

Before we jump into the mechanics of obtaining a payday loan, you have to know what it is because an important part of making a financial decision for yourself is understanding what your option is, how it works, and how it can benefit you. A payday loan is a short-term loan option type that is just based on your current employment status, not your credit score. It’s one of the fastest loan options on the market, with many completing our Fast Payday Loans, Inc. application in as little as 30 minutes. You read that right. If everything goes well, you could be approved and receive your payday loan in as little as 30 minutes and I’ll show you how, but first, let’s cover what makes these loans so fast.

What Makes a Payday Loan So Fast?

For starters, they’re not based on your credit score. Whereas traditional loans and credit card applications can take a while to process due to running lengthy credit score and financial history checks, we omit this step, focusing on your current employment status as a determining factor. This being said, if you don’t currently have a job, your approval for a payday loan might be affected.

Building a credit score isn’t the easiest thing to do. Not only can it take a while, but there are a collection of hoops to jump through, constant monitoring that has to be done, and you often have to have your fingers in many different pots in order to do it effectively. The bottom line is – building credit takes time and if you’ve run into an emergency situation, you don’t always have time to wait around for credit checks. Since payday loans don’t run credit checks and aren’t based on your credit score, getting one is a much easier task and process. 

How to Get Apply for a Payday Loan in Kentucky

You already know that your credit card score isn’t a factor for these loans, but what do you need to do to apply for and get approved for a payday loan? If you’re in Covington, Kentucky, you’re in luck because you’re not far from one of our store locations and we can help you find fast financial relief soon.

Start your application by filling out a fast online form on our Fast Payday Loans, Inc. website. After submitting the form, a representative from your nearest store location will contact you to schedule a face-to-face meeting at the time and on the day of your choosing. Remember – if you want to expedite receiving your loan, you’ll want to schedule this meeting as soon as possible to make sure you’re receiving the money quickly. During your meeting with the representative, you’ll want to supply a few pieces of information, which includes:

  • Your driver’s license or state-issued I.D.
  • Your most recent pay stub
  • A blank check from the active checking account in your name

During the meeting, you’ll find out how much money you’ll receive on your loan which can be anywhere from $100 to $500! You’ll also have the opportunity to ask any questions or voice any concerns you might have about the process. Our representatives are payday loan experts and they’re there to make sure you feel comfortable and content with the process.

Where to Find Your Fast Payday Loan in Kentucky

Now that you know the ins and outs of payday loans and what makes them so fast, you can find a payday loan through the locations page on our website. We serve several locations throughout the state of Kentucky, including Covington, making sure that you’re never far from fast cash. So, what are you waiting for? Stop searching for payday loans Covington or payday loans near me. Apply today.