Best Short-Term Loans for Seniors Who Need Extra Money
February 16, 2021 | Peyton Sawyer
Financial emergencies can affect anyone, anytime—but they’re particularly difficult for seniors who are following a strict monthly budget, which is where they may need the help of short term loans for seniors!
Finding Short-term Loans When You Are Older
Many seniors are actually financially responsible and have been able to save enough for monthly bills and regular expenses. They aren’t looking for handouts and take pride in being able to provide for themselves.
But despite frugal living, they can experience a sudden roadblock that throws their budgets off-balance.
For example, Ted and his wife enjoy a simple life in their Kentucky home. Thankfully, they were able to buy a home and save for their retirement, but Ted still tries to supplement their income by making deliveries with his truck. “It helps cover medicines, so we don’t have to ask our kids for help.” When Ted’s truck broke down, the mechanic said it needed major repairs that were much higher than he expected. But, at the same time, he was losing income from every day that his truck was stuck in the garage. “If I could get a loan to fix the truck, I could earn money and quickly pay it off with my next deliveries”.
Or take the case of Amanda. She lives on her own, with a German Shepherd who is both her companion and guard dog. Unfortunately, her dog got sick and her vet bills reached nearly $800. It was an urgent expense that she couldn’t put off, but now she had to find a way to pay off the medical bills.
Limited Loan Options
Unfortunately, because of their age and other risk factors, many seniors are disqualified from taking loans from banks and other traditional lenders. These institutions aren’t interested in the reasons for the loan—they immediately look at a person’s age and credit score, and say “No.” It can be frustrating, especially for people who have worked hard all their lives, and are simply in need of a little emergency cash to get them through a rough spot. “It’s sad that it’s all about numbers for them,” says Ted, who was turned down for a loan by his bank.
Payday Loans: A Safety Net for Seniors
Everybody should have the ability to raise emergency cash for urgent personal needs—without any discrimination because of age or credit score.
That’s why Fast Payday Loans Kentucky offers short term loans for seniors, and uses a simple and convenient process that requires minimal paperwork and waiting time. This is especially helpful for people who have limited mobility or transportation.
What is A Payday Loan?
Payday loans are short term loans for seniors that act a lot like a cash advance. You can borrow from $100 to $500, and pay it off on your next salary arrives.
What Are the Benefits of Payday Loans?
- No credit score requirements. Even if you have a low credit score, or are unable to show credit history, you are still eligible for payday loans, such as short term loans for seniors.
- Minimal documents. Just present your driver’s license or state-issued ID, your most recent pay stub, and a blank check from the active checking account in your name.
- Simple process. You don’t need to line up or go through complicated process. You just need to leave your contact information on our website, and a customer service representative will personally call you and help you through the entire process—so even if you’re not a “techie” you won’t have any trouble getting started with an online short term loans for seniors.
- Fast application, fast cash. The approval process takes just 30 minutes, and you can get the money on the same day.
How Do I Apply for A Payday Loan Online?
Fast Payday Loans Kentucky has made it easier than ever to apply for short term loans for seniors.
- Go to our website and fill out the online form. This is very simple and short, and all information is confidential. We will only use it to contact you so we can help you. And since it’s just a query form, it’s also no-obligation—just think of it as a much more efficient way of reaching out to us. Instead of having to call a hotline and be put on hold, you’re telling us to call you instead.
- A customer service person will personally contact you to explain more about what a fast payday loan is, the process you can expect, what you need to bring. Feel free to ask any questions – we are here to help!
- The customer service person will help you find the Fast Payday Loans of Kentucky location that is nearest you. He will also forward some of your contact information to that branch, so you don’t have to fill as many forms when you get there.
- Go to that branch location. Remember to bring your ID, pay stub, and a blank check from a checking account under your name. An associate will do a quick evaluation and establish the amount of cash you qualify for, and then explain the terms of the short term loans for seniors.
- If you are comfortable with the terms, just finish a few final forms.
It’s that easy! You don’t have to look for a lot of documents, fill out a lot of forms, or figure out the requirements on your own. Someone will help you through the entire process, and you can walk out of the office with the money in your pocket. You’re done in 30 minutes.
For more information about payday loans near me and other short term loans for seniors, visit our website.
While it is hard for seniors to put their pride aside and ask for help when they need it, this process makes it easy to get fast same day payday loan assistance! With these easy steps you can half the loan you need in no time.