What is a short term or payday loan?

A short term or payday loan is an advance of a few hundred dollars, borrowed for just a few weeks. Unlike a credit card or personal loan, you just get a small amount you need and you are not committed to repayment for a long period. You get the money. Repay it. Then get on with your life.

You also get money right when you need it most. Times for first time loans ranged from 60 minutes to 2-3 days. Short term or payday loans were created to help with any cash flow gaps, meaning you can access credit to smooth out your welfare or deal with unexpected issues.

The application process is also much more convenient and can take just a few minutes. The most sophisticated lenders don’t even ask for paperwork. Your application can be approved online straight away, with the money reaching your account within just 60 minutes.

Short term loans can also be a very useful source of finance if you’re credit history isn’t perfect. In many cases, sophisticated short term lenders (there aren’t many) are more open minded than traditional finance providers when it comes to credit ratings and assessing capacity to repay. Though you will need a regular income to get a payday loan, you won’t need any assets.

Get $100 – $600 in 60 minutes for just $2

 

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*Maximum funded amount of loan depends on lender’s qualification criteria. **Funds are deposited within 60 minutes during business hours if you confirm your cash advance before 3pm. Some customers may be required to submit additional documentation for identification purposes due to qualification criteria. ***Money Boss will attempt to find you a lender despite your credit history. If you are not approved by my lender of first choice, a further lender will be suggested, provided you qualify. Loan approval is at the discretion of the lender.