Payday Loans CT About FAQs Contact Loans FAQs Is it worth getting a loan? Taking a loan can make sense when you urgently need money and when can comfortably afford the monthly payments for the duration of the loan term. What are the common types of loans? Personal loans Credit card loans. Mortgages Home improvement loans Car loans Small business loans Payday loans What is a payday loan? A payday loan is usually a short-term, high-cost loan that is typically due on your next payday. What is the average payday loan amount? Average payday loans range between $100 and $1,000, depending on your lender and state law. When would you use a payday loan? Here are the common reasons people choose to take a payday loan. Debt Consolidation Education Wedding Vacation Holiday expenses Mortgage repayments. Medical emergency. How is eligible for payday loans? Such loans require only an income and a valid bank account and are often approved to consumers who have bad credit or no credit. What happens if you’re late on a payday loan? Defaulting on a loan can drain your bank account and trigger collection calls. Can I request a loan extension? Yes, in most cases. If you feel that you won’t manage to pay off the loan on time, you can refer to the lender with a request of extending the repayment period. Can I apply for a loan online? Sure. Our website offers you the opportunity to apply for a cash advance via the internet, from the comfort of your home. Is it better to apply for a loan in person or online? Online loans are a convenient and fast option for borrowing money. Applying for a loan in person is less convenient than applying online. What are the pros of payday loans? They’re easy to access. They have fewer requirements than other loans. They don’t check your credit. There is no paperwork involved. No collateral needed. Is it safe to apply for a loan online? Yes. Loans from online lenders are as safe as loans originated from large banks, provided that the online lender is reputable. We partner only with trusted and licensed lenders. Can you have two payday loans at once? In some states, you can have two loans at once from the same lender. However, there are usually special requirements that you need to meet that vary from lender to lender. Can I get a payday loan with bad credit? Usually, payday lenders do not check your credit score when deciding whether or not to approve you for a loan, so you still can get approved if you have bad or no credit history. Disclaimer © 2021 www.1stalliancelending.com. All rights reserved.