What To Do If You Need Money Urgently
June 9, 2021 | Daniel Dewitt
Getting cash together on short notice can be hard and quite stressful, especially if you're dealing with an emergency or going through a job loss. Options for people who need money urgently are quite limited – after all, getting a loan with a traditional financial institution like a bank could take a couple of weeks.
One option you could consider if you’re on a tight deadline would be getting a payday loan with Fast Payday Loans of Kentucky, Inc.
Why a Payday Loan is Worth Considering if You Need Money Urgently
Payday loans are a good option for those who need money urgently, because they’re accessible, easy to apply for, and fast.
Unlike traditional bank loans, payday loans don’t require you to jump through multiple bureaucratic hoops, provide a heap of documents, or wait unreasonably long before getting the final answer.
Fast Payday Loans of Kentucky, Inc. doesn’t have a bunch of requirements (you literally need three documents to qualify), and they accommodate potential borrowers every step of the way.
It’s so easy to qualify for a payday loan, in fact, that you may be tempted to apply for one even if your situation doesn’t really call for it.
So, before you do, make sure you definitely need money urgently and are getting one for legitimate reasons.
When Is a Payday Loan a Good Idea?
Going into debt should never be your first-choice solution. If you can postpone dealing with your problem without escalating the situation, you should try to get cash together by other means first.
If you need money urgently to deal with a time-sensitive situation, then payday loans are a viable option.
Good examples would be unexpected medical expenses (doctor’s visits, prescribed medication, etc.), unplanned auto or house repairs (broken locks, burst pipes, leaky roof), or overdue bills (rent, utilities, etc.).
My Credit is Bad, and I Need Money Urgently. Can I Get a Payday Loan?
Fast Payday Loans of Kentucky, Inc. welcomes all credit types.
This means you can qualify for a payday loan regardless of your credit. What matters is that you’ve got all the required items the lender is asking for, and they’re in satisfactory condition.
If you satisfy the qualified requirements, it will matter very little if your credit is good or bad. It can be downright nonexistent. You still have all the chances to get approved.
I Need Money Urgently Because I’m Unemployed. Am I Eligible for a Payday Loan?
Typically, you would need to provide your most recent pay stub as proof of your ability to repay the loan to get approved.
However, that doesn’t mean you’re automatically disqualified if you’re unemployed.
If you’re able to prove to the lender that you’ll be able to repay the loan despite not having a regular income, you could still get a loan.
Means such as unemployment or welfare benefits, court-mandated compensations, pensions, and even savings can potentially be used to get a loan with Fast Payday Loans of Kentucky, Inc.
Tip: Consult with your loan representative about your options. Be very careful to provide all the correct documentation they’ll ask for in lieu of your most recent pay stub.
Can a Payday Loan Hurt My Credit Score?
You don’t need to worry about the payday loan bringing your credit score down.
For a loan to have any impact on your credit, it should be reported to a credit bureau. Fast Payday Loans of Kentucky, Inc. keeps its client information private and never reports the loans to any credit bureaus.
The loan will stay entirely between you and the lender, not influencing your credit in any way or form.
How to Get a Payday Loan
If you need money urgently and want to ensure your payday loan application process goes without a hitch, take care of the required items first.
Here’s what you’ll need:
- A valid state-issued photo ID or driver’s license;
- Your most recent pay stub (or alternative proof of income);
- A blank check from an active checking account in your name.
If you’ve got the required items assembled and ready to go, getting a payday loan should be a walk in the park.
All you need to jump-start the process is to fill out an online form on the website. A loan representative from your preferred location will give you a call to check the information and set up a meeting. This would be a good time to ask any questions you might have.
Take the required items to the meeting. The loan representative will decide if you qualify for the loan after assessing the items. If they approve you – you’ll get the cash you qualified for the very same day.
This entire process typically takes under an hour and could take as little as 30 minutes!
Get Started Today!
Now that you know what to do if you need money urgently, get started with your payday loan online form to find out how much cash you can get today!