You are at least a week or more away from payday, but you urgently need some cash to make that crucial credit card or car payment. The last thing you need is for your interest rates to go up, or to be charged overdraft fees from your bank. A cash advance in Pueblo, CO may be a quick solution to your financial emergency!
What is a Cash Advance or Payday Loan?
A cash advance, or payday loan, is a small loan given of usually about $1500 or less, depending on the financial institution. A great thing about a cash advance in Pueblo, CO is that credit scores are not required. Thus, if you have bad credit, you don’t have to worry about your payday loan being denied.
How much Interest or Other Fees are Charged for a Cash Advance in Pueblo, CO?
Some cash advance providers in Pueblo, CO offer interest charges as low as $17 for every $100 borrowed. If you were to borrow $300, as an example, a fee of $51 fee will be charged for the loan. You would have to pay $351 back for the $300 borrowed, which is a small price to pay for all the headaches you can avoid.
How Can I Apply for a Cash Advance in Pueblo, CO?
Applying for a cash advance is as easy and filling out an online application. Those seeking the loan can be informed quickly by e-mail if they have been approved or not. No addition documents are usually necessary.
What Requirements do I Need to Meet?
There are a few basic requirements for receiving a payday loan in Pueblo, CO. Applicants must be a U.S. Citizen or resident, must be 18 years of age or older, must hold steady employment and make at least $1000 per month. Applicants also need to have a savings or checking account with direct deposit.
How Will I Receive the Loan?
Upon approval, the money will typically be deposited directly into the bank account of the applicant within a business day.
How Do I Pay Back the Loan?
Paying the money back is really very simple. When taking out the loan, you will schedule the day to pay the lender back, which will normally be on your next payday. If you will be unable to pay the loan back in its entirety, you should immediately contact the cash advance agency and make other payment arrangements. Additional fees may then apply.
Should I Take Out a Cash Advance?
Cash advances can come to your rescue in a financial emergency. However, you should determine if you can truly pay the money back in a timely manner, thus avoiding additional interest and fees.