No Savings? Get a Payday Loan!

July 30, 2020 | Emma Frost

When it comes to tucking money away into our savings accounts, many of us struggle to complete this often emphasized task. Many of us in this country live month-to-month, paycheck-to-paycheck, which is ideal for breaking even and paying our bills, but less ideal when we're told we have to create a savings fund. When only a few dollars can be set aside each month, we're left scrambling when an unprecedented cost finds its way into our budget. When this happens, we often take to the internet to find out possible solutions, searching for phrases like loan options near me which can yield many choices.

When an emergency strikes, you don't want to be caught between different choices and considering a payday loan as an option to help you handle your stressful financial situation. When an emergency strikes, they tend to strike hard, and when we least expect them. If your savings account isn't equipped to handle an emergency, a payday loan is a viable option to consider, especially if you need money quickly. There are plenty of payday loan places in Kentucky, with Fast Payday Loans, Inc. serving many locations across the state. Here's how a payday loan can help you.

What is a Payday Loan?

A payday loan is a short-term loan option that focuses on delivering fast and easy financial relief to those who apply. It differs from other, more traditional loans in that they can be obtained without the hassle and a lot quicker, with many receiving relief on the same day that they apply. While most lenders and banks will spend a significant amount of time looking into your credit history, we skip this laborious step and omit it from our approval process entirely. You read that right. We won't take your credit score into consideration.

You can be approved for up to $500 on your payday loan, even with low or poor credit. We've also streamlined the process so you can receive the funds in as little as a few hours. Even after you've been approved for traditional bank loans, you might still have to wait for the funds to be deposited into your account, which could take up to a few days. In the event of an emergency, what good will waiting for a loan do, especially if you've already been approved for it?

The Advantages of Payday Loans Over Other Loan Options

There are advantages and disadvantages to different loan options, but payday loans are an option that features many advantages, some of which include:

  • Fast application process: You can start your application online, from the comfort of your own home and it can be completed in as little as a few minutes!
  • We'll contact you: Once you've filled out the application, a representative will contact you in a few hours from your nearest store location to set up a meeting.
  • You determine when we'll meet: The time and day of the meeting is entirely up to you. If you schedule a meeting early enough on the same day, this increases your chances of receiving money on the same day. 
  • Funds can be deposited into your account on the same day that you apply on: Money will be deposited directly into your bank account. No waiting for a check to arrive in the mail.

Serving many locations across the state of Kentucky, finding a payday loan place is easier than ever before.

What You Need to Apply

To be approved for your payday loan, you'll need to provide a few pieces of documentation during your meeting at your local store. This is everything you'll need to bring with you:

  • Driver's license or state-issued I.D.
  • Your most recent pay stub as proof of income
  • A blank check from a banking account that is in your name

During your meeting, the representative will review the provided information and answer any questions you have about the process. Then, they will determine the amount of money that you’ll receive, which ranges anywhere from $100-$500!

What Are You Waiting For?

Are you struggling to figure out how you can stretch your savings? A payday loan is an easy way to make sure you can afford an emergency that comes your way. Once you've overcome your crisis, you can start figuring out the best way to build up your savings account. Don't let your ability to handle a financial situation be determined by the number in your savings. Start our easy online application today and see how Fast Payday Loans, Inc. of Kentucky can help you!