WHAT IS A $500 PAYDAY LOAN?
A $ 500 loan is a regular short-term loan that you pay off on the next paycheck day. $ 500 is a big amount of money and it is important to understand whether you can pay it on time. You can use the money you receive to cover emergency needs such as medical care, paying bills, buying medicines, and so on. So a $ 500 payday loan will help you solve problems quickly and easily.
CAN I GET A $ 500 LOAN WITH BAD CREDIT?
When applying for a loan, many Americans wonder if they can get a loan with bad credit and worry about being rejected. Of course, these concerns are misplaced, as a $ 500 loan is often approved without a credit check. There are factors that guide lenders when making a decision. Thus, if you have a stable monthly income and can confirm it, you already have a chance to get a loan. By the way, social security, unemployment benefits and disability are also considered a source of income. Thus, there is no credit check when applying, but there is a requirement for a permanent income.
HOW MUCH WOULD A $500 LOAN COST?
Of course, there is no specific amount, because each state has its own rules and each creditor has its own requirements. Thus, in order to find out your interest rate on the loan, you need to talk to the lender. However, the approximate amount will be between $ 15 and $ 30 for every $ 100. It is also worth asking the lender about the fees you might have to pay. Before agreeing to a loan and signing documents, find out everything about the loan condition, interest rate and fees, study other offers, and only then make a decision.
WHAT ARE THE REQUIREMENTS FOR GETTING A $ 500 PAYDAY LOAN?
There are not many requirements for obtaining a loan, only the basic ones that you must meet. So, in order to get a loan application, you must:
- be a citizen of the United States or an official resident
- be at least 18 years old
- have an active bank account
- have a permanent residence address
- have a steady source of income
- provide a government-issued ID
- provide email and telephone