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Is a 1 Hour Payday Loan Right for Me?

sam day payday loan

Life can be unpredictable at times. Sometimes it can feel like emergencies never happen when you are ready for them. The worst emergencies are those that require immediate solutions with no time to prepare. Maybe your car broke down on the way to work or a pipe burst in the bathroom. You are left feeling overwhelmed with the stress of not having the money to put your life back on track. A 1 hour payday loan may just be the helping hand you need.

Life doesn’t wait for you to get paid. When you need cash help fast, a 1 hour payday loan can give you the money you need in the time you need it. Unlike other payday loans, a 1 hour payday loan can have your loan approved, processed, and cash in your bank account in just 60 minutes.

What Should I Know Before I Apply?

1. A 1 hour payday loan can be a huge relief to anyone stuck in a desperate situation. Before you apply you should keep in mind that a 1 hour pay day loan is not a long term solution to all of life’s troubles. These loans must be paid back, typically on your next payday, and include interest and processing fees on top of the amount you borrow. You should only plan to borrow if you can afford to pay the loan back.

2. Determining how much to borrow is just as important as making the decision to borrow. Those taking out a 1 hour payday loan will may have the option of borrowing more than they need. This may be an appealing idea at first, but think again. Borrowing more money than you need on your 1 hour payday loan will cost you a lot of cash in the long run when you calculate interest and processing fees.

So, before you borrow a 1 hour payday loan, determine exactly how much money you need to cover your emergency cost and only apply for that amount.

3. Carefully read the terms of your loan and familiarize yourself with your repayment due date. 1 hour payday loans are just that- a loan on your upcoming paycheck. You should expect that you will have to repay your loan by your next paycheck or you may incur high penalties, fees, and even damage to your credit. If you think you might not be able to pay back your loan at the due date, you will want to contact your lender immediately. Your lender is here to help you, they will do their best to assist you in your cash flow problems, but you have to call first.

Will a 1 Hour Payday Loan Harm My Credit?

Applying for a 1 hour payday loan will not harm your credit! This can make your 1 hour payday loan more appealing than a bank loan, which will require a credit check and will only lend to those with good credit. If you do not pay back your 1 hour payday loan, your lender will report your nonpayment to the credit bureaus. This could make it difficult, if not impossible, to borrow for a car or a home in the future. Therefore, only borrow if you can afford to repay.

Know Who to Trust!

Applying for your 1 hour payday loan will mean that you need to enter personal information, such as your date of birth and income, on an application form. There internet can be a dangerous place, so you want to make sure you are applying on a website you trust. is a verified and dependable site that you can trust with your 1 hour payday loan application.

Category: Payday loans

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