Are No Faxing Payday Loans Really That Easy to Obtain

24/06/2012 17:36

It is easy to get a loan without a job from the online direct lenders as these lenders provide the loan based on the regular income of the applicant. Even though you do not have a job, if you have a regular income that can meet the loan repayment you are eligible to get a small payday loan from these lenders. However, the income should be from an easily verifiable source and should not be less than $1000 per month. The income source can be your unemployment benefits, child care financial assistance, retirement benefits or DSS benefits etc.

The loans, as, are of unsecured nature the lenders imposed expensive rates on it and you will be charged extra fees for late payment if you roll over the loan. An alternative to this is to apply for a secured loan if you have an appropriate property that can be used as collateral to secure the loan. check out the post right here