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One Hour Loans Provide Cash Quickly

by Jim ONeil on April 22, 2011

in Payday Loans News

When loans are secured through a bank, individuals often must wait days or even weeks to hear whether their applications have been approved. The money lending process consumes quite a bit of time, something that many applicants do not have.

An alternative is the one-hour type of payday loans provided to people who earn a salary.

The process begins with completing a free online application form on the lender Web site. Once the information has been verified, a lending decision will be made. If the loan is approved, the money is transferred into the designated bank account within one hour. The lending process makes it possible to get money almost instantly.

For those who have a bit more time, there is a 24-hour loan. Both this and the one-hour type enable a person to receive between £80 and £1,500. The amount approved for lending is based on the financial stability and repayment ability of the borrower.

Repayment must be made within one to 30 days, allowing some borrowers to use their next paycheck for repayment.

Since the entire process takes place online, there is no need to fax documents. These are also no credit check loans, so related details need not be provided. Whether an applicant has a bankruptcy, foreclosure, IVA, insolvency, or CCJ bears no weight in the lending decision.

Funding is based solely on the amount of money earned, financial situation, and whether the supplied personal information is accurate.

Individuals can find lenders by conducting an online search. Though these may not be the loans cheapest for some people, the fast lending process sometimes makes them preferred. Individuals can compare the loans APR between lenders in order to find the best deal.

Consumers should never borrow more than they can afford to repay. Repaying the loan quickly will lower the overall amount of interest paid.

paydaypower

Yep, Payday Power do offer loans in under 1 hour! Check out:

Sara

Either raise the money yourself and beat them to it or think up another business to do on your own. Bloody loans are a burden!

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