How Are Kentucky Payday Advances Helpful?
If you’ve been doing your research into comfortable small loans, then payday advances may have already come up. And if you’re unsure whether a payday loan may be the right solution for you, read on.
Making an informed decision is an integral part of being smart about your debt, and being smart about the debt is what allows you to use it to your advantage instead of your detriment.
Payday advances are worth looking into if you’re on a short-time limit and want to get the cash ASAP without having to go through a complicated bureaucratic process. From this post, you’ll learn how getting a Kentucky payday loan (also known as payday advances) can be helpful for those in need of a quick solution.
Here's How Kentucky Payday Advances Are Beneficial
1. The Requirements Are Easy To Meet
Payday advances are designed to encompass as large a client base, as possible. This means simplified procedures, a minimal number of qualified requirements, and a short process.
For example, to qualify for a payday advance at Fast Payday Loans of Kentucky, LLC., you’d need just 3 items:
- A valid state-issued identifying document – either a photo ID or driver’s license – to verify your identity and prove you’re over 18 (minimum required legal age for payday loan applicants);
- Proof of income (typically your most recent pay stub) – as payday advances are unsecured loans, you need to show your ability to repay the loan in the future;
- A blank check from an active checking account in your name.
2. The Process Takes Less Than An Hour
The simple streamlined process that mainly consists of a couple of simple procedures is designed to take out as little time out of the client’s day as possible.
Basically, all you’ll be spending time is filling out the form (a few minutes), and paying the visit to the store, where the loan representative will determine if you qualify and help you along with the final paperwork if you do (typically takes around 30-40 minutes).
This allows you to keep getting a payday advance as Plan B while exploring other options until the deadline comes knocking.
3. Bad Credit And Low Income Are Accepted
Most payday advance lenders, including Fast Payday Loans of Kentucky, LLC. are open to working with clients of all types of credit and income. This means that if the required items meet the lender’s standards, you’ll be eligible for the loan regardless of what your credit looks like.
The same goes for the income – while you will need to prove your ability to pay the loan off down the road, if you’re unemployed and cannot provide a recent pay stub, you can provide proof of alternative repayment means (say some kind of benefits, compensation, pension, etc.). Just inform the loan representative about it and provide correct documentation as per their instructions.
4. Payday Advances Don’t Affect Your Credit
Fast Payday Loans of Kentucky, LLC doesn’t report its loan information to any credit bureaus. This means your payday advance won’t go onto any credit reports and have no impact on your credit score.
If you don’t want to risk lowering your credit score, then getting a payday advance could be helpful to you – get the money, and when the loan is paid off, it’s like there was never a loan at all.
5. Payday Advances Allow Quick Access To Cash
The waiting period before getting approved and actually getting the cash is surprisingly short. If at a bank you might have to wait a few days before finally getting the money, at Fast Payday Loans of Kentucky, LLC., you’re likely to get cash on either the very same day you start your application, or the next bank business day at the latest.
How To Get A Kentucky Payday Advance
To help the process go along more smoothly, make sure you’ve got all the required items (the state-issued ID or driver’s license, the proof of income, a blank check from an active checking account in your name) before getting started.
If you do, then all you need to do to get started is to fill out and submit a quick cash online form on our website.
The form will send your information to your preferred location, and as soon as it’s processed, you’ll get a call from our loan representative. The representative will ensure you’ve got all the necessary information about the process (now would be a great time to ask any questions you may have!) and schedule an appointment for you.
Take the qualifying items to that appointment, so the loan representative can assess everything and determine if you’re eligible for the advance and on what terms.
If they approve you, you’ll finish the application paperwork and get the cash either the same or the next bank business day at the latest.
Get In Touch With Us Today!
Now that you are well informed and aware of the benefits of Kentucky payday advances, it’s up to you to decide if they are the right choice in your specific situation.
And if you do decide to proceed with a payday loan, don’t hesitate to get in touch with Fast Payday Loans Of Kentucky, LLC. by filling out a short inquiry form on our website to receive your cash as soon as in 24 hours.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.