We all find ourselves in financial trouble from time to time, and that’s where a Tennessee payday loan can help bridge the gap.
A payday loan can be just the ticket for those times when we need some cash fast and have nowhere to turn. Emergencies are not something anyone ever plans for, but they happen to everyone at some point.
When you have a financial emergency, you don’t have the option to wait until you can afford it, you need to pay for it right now.
You can apply online and find out if you have been approved within the same day in most cases.
Once approved, your money will be in your account that day or the next. You can access the money as soon as it hits your account and take care of your problems right away.
You can apply online or in person. Online is great for people who can’t get into the office to fill out the application. That means, you can apply from the convenience of your home, at any time of day or night.
A Tennessee payday loan also doesn’t require a ton of paperwork so you won’t have to dig out tax returns or other financial statements other than your current bank statement.
Because the payday loan is for a smaller amount of money, there are fewer requirements needed for you to be approved. Most lenders won’t run a traditional credit check, so your credit score won’t matter.
Traditional lenders, like a bank, would require collateral for any type of loan they offer. Short-term payday loans do not require collateral either which makes the process even easier.
A Tennessee payday loan is meant to be paid back in a relatively short period of time. Most often, when you receive your next paycheck. However, there are often a few options available.
You may need more time, or you may need to alter the amount you pay per payment. Because a payday loan is a short-term loan, it doesn’t put a big strain on your finances for a long period of time. Make sure you ask about repayment options before you commit to a loan.
Most states have caps on the amount of interest the lender can charge you, and they cannot charge you exorbitant fees for late payments.
This is good to know so make sure you ask about fees and the interest rates when you are applying for your Tennessee payday loan. While the interest will be higher than a bank, it is a short-term obligation that ultimately gets you out of a tight situation.
A payday loan from a reputable lender can be just the extra boost of fast cash you need when you find yourself in a fix. Emergencies happen, so it’s good to know your options when they do.
Why not check us out here at Lending Bear. You can apply right here or talk to one of our friendly associates on the phone or come into a store near you.
At Lending Bear, we are state-licensed so you can be certain that our lending practices are fair and responsible.