Signs You Need To Consider a Florida Payday Loan

Signs You Need To Consider a Florida Payday Loan

Signs You Need To Consider a Florida Payday Loan

Do you need a Florida payday loan to help cover a rent payment or a high utility bill?

You’re not alone on this since many Floridians use this to help cope with difficult expenses. It’s a great way to improve your financial health, boost your credit score, and avoid bankruptcy.

What are some common signs that someone might benefit from taking out a payday loan?

What is a Payday Loan?

First, let’s define “payday loan,” and why it’s a lucrative alternative to traditional bank lending. These are short-term unsecured loans, which carry higher interest rates, but have fewer application requirements compared to other forms of borrowing. In this business, we use the term “payday” because the repayment happens in conjunction with the direct deposit date of your payroll.

Signs You Should Consider a Payday Loan

When would you want to consider getting a payday loan?

If you’re experiencing any of these common money predicaments . . .

  • You’re in between jobs, have a new position, but need a little money to hold you over until you receive that first paycheck.
  • You have an unusually high utility bill and can’t quite handle it at the moment.
  • Although there are other ways to address the problem, some payday borrowers use these loans to deal with unexpected expenses.

Several Benefits to Payday Lending

There are several benefits to obtaining a payday loan in Florida.

  • It’s much easier to qualify for one than it is a traditional bank loan.
  • The money arrives faster, usually within the same business day.
  • You can get the loan amount you need rather than having to accept a larger sum (which would be difficult to repay).
  • Payday loans do not have usage restrictions. You can use those funds to handle any problem or expense.
  • Since these are short-term loans, they include a fixed interest rate, which means you won’t have to worry about variable rates or anything unpredictable.
  • They’re great for handling emergencies that can happen to anyone.

Specific Florida Payday Loan Requirements

Since we’re directing this message at our Florida audience, we thought it would help to go over what payday lending looks like in the Sunshine State. For legal purposes, it’s very important to know that Lending Bear has full licensing to offer payday loans in your area. Regulations always come from the state level, which is why we furnish our Florida lending certification right on our company website.

How much can you borrow?

The minimum amount is $150, but you can take out as much as $500 if qualified. They must have a duration between 7 and 31 days. If you need something longer, we recommend installments loans, which can last up to 90 days and go up to $1,000.

For full disclosure, we remind our clients that these are NOT low-interest loans. That’s why the duration is shorter, and it reflects the time that a borrower would be in between paychecks. If you think payday loans could help you, then we encourage you to review the example loans on our website to get an idea of the repayment requirements.

Lending Bear: A Terrific Way to Obtain a Florida Payday Loan

Lending Bear is one of the most well-known and trusted payday lenders in America. We serve a variety of clients in southern states such as Alabama, Florida, Georgia, Louisiana, and Tennessee.

Our clients respond to our exemplary customer service by leaving us stellar evaluations on Google Reviews all the time. We have a nearly perfect score based on over 6,000 reviews. We’ve also earned an A+ accreditation from the Better Business Bureau (BBB) and have other endorsements from financial groups like the National Pawnbrokers Association (NPA).

Contact Lending Bear today to find out how you can qualify for a Florida payday loan.