How It Works

The need for additional financial resources may arise at any time. But you may not always have free money or friends ready to help. In this case, you can very quickly get a payday loan, which will become a lifesaver in many cases. And we will describe to you in detail the procedure for obtaining such loans and their features, and will also connect you with the best lenders in all US states.

5 Quick Steps to Get a Payday Loan 

1. Give an objective assessment of your financial situation. Consider whether you can repay the debt on time so as not to worsen your credit history. Also, keep in mind that if you do not have a very good credit rating, you can get a payday loan but, most likely, at higher interest rates.
2. Compare lenders and choose the best conditions. The financial services market is highly competitive, so you should not borrow a loan on unfavorable terms. It is enough to make a little effort to compare offers from different providers, and you can find a much more profitable option than the first one you come across. And FCLOANS will help you with this through cooperation with a huge network of reliable lenders.
3. Fill in the application form and collect supporting documents for lender approval. As a rule, the package of documents for paid loans is minimal. Therefore, you will be pleasantly surprised when you compare this stage with the procedure for obtaining approval of a loan application from a bank.
4. Carefully check the lender’s terms and conditions and your application and submit it. Pay attention to possible penalties, as well as additional fees, so that they do not become an unpleasant surprise for you.
5. Wait for the lender’s decision. You won’t have to wait long, because applications are approved very quickly, sometimes in 15 minutes. Money also comes to your account very quickly, so within 24 hours, you can start using it for your purposes.

How to Qualify

Although a payday loan can be obtained much easier than other types of loans, certain conditions must still be met:

1. The borrower must have a regular income source so that they can repay the loan with the next paycheck. In addition, it must be a stable source that has provided you with income for at least the last 90 days.
2. The applicant for the payday loan must be at least 18 years old.
3. The borrower must not only reside in the United States but also have employment here.
4. Regular income must be higher than the minimum wage rate.
5. The bank account should not be overdrafted.
6. You will need to provide accurate information, including phone number and email.

What Indicates the Best Lender

Just as lenders don’t approve all applications, you also need to evaluate financial service providers according to certain criteria:

1. Availability of a license;
2. Good reviews from consumers;
3. Minimum number of supporting documents and ease of application;
4. High speed of transfer of funds to applicants’ bank accounts;
5. Willingness to soften the terms if the borrower has problems with timely debt repayment.

Advantages of Short-Term Loans

• Higher chances of getting approved. Lenders have fairly lenient conditions for providing short-term loans. Therefore, the likelihood of getting it is much higher than with other types of loans.
• Speed of receiving money. The ability to receive the required amount within 24 hours helps to instantly solve all your problems.
• Fast debt repayment. When you take out a long-term debt, you cannot freely manage your funds for a long time because you must make regular payments to repay the debt. When you borrow money for a short period, all liabilities are paid off very quickly.
• Ease of debt repayment. Because you’re borrowing money for a short period, fewer factors can prevent you from paying off your debt. With long-term loans, more factors may come into play that will interfere with the timely repayment of the debt. This means that the risk of credit rating deterioration in the second case is higher.

Quick Help in Any Life Situation

To speed up and simplify the application process, FCLOANS will help you at any stage of its application. We are ready to advise you on all issues related to loans and lending. Contact our support team, and we will guide you through all stages of obtaining a loan.