Fast payday loan services continue to be the top financial choice among middle-class consumers

The median household income for Americans has hovered around $50,000 for the past few years. For many Americans, a yearly household income of $50,000 is enough to get by on with the basics. However, due to the fact that 25% of Americans live paycheck to paycheck, many Americans have little to no money to tap into in the event of a financial emergency. Fast payday loans and related services are the go-to method for middle-class Americans who find themselves with financial problems. Here are just a few reasons Americans choose fast payday loans as their first choice when they need some extra money:

1). Fast payday loans are unsecured loans.

An unsecured loan is a type of loan that doesn’t require borrowers to put “anything down” against a loan. For example, most pawn shops and brick and mortar lenders require borrowers to put their house, car, or another item of value against the loan they’re applying for. If the borrower can’t repay the loan, the lender has the right to seize or keep the object the borrower put down.

Fast payday loans are different. Payday loan lenders value a person’s employment, not the things he or she owns. In order to qualify for a fast payday loan, a borrower must be employed and make over $1000 per month. Fast payday loan lenders believe a strong employment history is the best indicator of whether or not a person can repay a loan.

“We are currently offering $1000 loans to borrowers who qualify,” direct lender George L. said. “Borrowers love our service because they can get a large amount of money upfront with no hassle and nothing down. As long as they have a good job or have a steady flow of money coming in, we can help.”

2). No credit checks required for fast payday loans.

Bad credit is the number one reason people can’t qualify for financial assistance with a traditional bank or lending institution. Borrowers with bad credit apply for fast payday loans, because they know as long as they have a job, they can get a loan. Fast payday loan lenders never check or consider a person’s credit score before granting a loan.

“A borrower’s credit score just isn’t a factor for us,” George L. said. “A credit score is nothing more than a person’s borrowing history for the past seven years. A ‘bad’ credit score just means the borrower in question hasn’t borrowed a lot of money, or has but missed a few payments. We are concerned with how much money a borrower has coming in. When we grant a loan, we want to make sure the borrower we lent money to has income to repay what they borrowed. A ‘good’ credit score is worthless if a borrower doesn’t have a job.”

3). Fast payday loans are the quickest way to cash.

Many lending institutions can take weeks to approve a loan application. Fast payday loans help people who can’t wait weeks for a loan. Most fast payday loan customers need a loan immediately to cover a car repair, a home repair, replace or buy an expensive item, catch up on debt, or just to cover their bills during a difficult week.

Most fast payday loans lenders approve an application within a few minutes of the borrower applying. On average, lenders deposit the approved loan amount into the borrower’s bank account within 1-2 days of approval. However many borrowers can get a loan in under 24 hours depending on the borrower’s individual situation and when they applied.

“I got $1800 the same day I applied,” April G, a single mom of two told us. “I was thrilled at how fast my lender worked to get me the money I needed. I am so thankful that there are services like fast payday loans that help people get cash fast.”

4). Fast payday loans are safe and secure.

The entire business platform for fast payday loans takes place online. Because of this, the business has gone above and beyond to make the website as safe as possible for potential borrowers. Each website is 100% encrypted to protect consumers from potential harm.

“We want our customers to feel safe when they provide us with their sensitive information,” George said. “A person’s identity and personal financial information should never be comprised. Our websites are 100% safe and secure. Our team of software developers and site managers make sure of that.”

5). Fast payday loans are short-term loans.

Fast payday loans are a no-hassle, short-term loan. On average, most borrowers repay the amount they borrowed within 2 weeks of receiving the loan. Because the amount of money a consumer is approved for is based on their income, most consumers have no trouble repaying the loan when it comes due. Fast payday loans are great for people who want to avoid long-term debt.

“Debt scares me. I’ve seen what is has done to the lives of some of my closest friends,” Jennie T, an account manager said. “I like fast payday loans because I can get a loan and repay it back in just a few weeks. It’s near impossible to get into long-term debt with a payday loan. Debt-free is the best way to be.”

6). Fast payday loans help people who need help the most.

Women under the age of 35 make up the largest percent of the people who apply and receive fast payday loans. Many of these women are single-moms with little support from their children’s’ fathers. During a tough financial time, many women have no other income to fall back on. Single moms can get the money they need fast when they apply for a fast payday loan.

“You can’t wait weeks to receive the money you need. Kids need food and kids need childcare,” April said. “It’s hard to be a single mom and it’s hard to find loans for single moms. Fast payday loans are one of the few services that provide the financial assistance we need when we need it most. I’m happy that there are companies that understand how hard it is to be in our position.”

Information on How You Can Apply for Fast Payday Loans from 123 Cash Credit

For more information on how you can apply and receive up to $1000 in 1 business day, please visit us at www.123CashCredit.net for more information on our fast payday loans.

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