Tag Archives: days
Payday loans: Satisfy your needs before your next payday arrives
While carrying out our daily routine, there may be a situation when you are in need of money for some inevitable expenses like paying different bills suddenly, home improvement, arranging any trip in the vacations, medical bills, tuition fees, consolidation of debts, car repairs or sudden breakdown, education expenses etc. And, your next payday may be a few days apart. Although those expenses will be affordable when you will get your pay into your hand, but for the time being you may be in need of some financial help to satisfy your expenses. Payday loans are getting very popular these days in the financial market as they provide people with immediate cash to satisfy their needs until their next payday arrives.
Payday loans are of unsecured nature. This means that while availing such loans the borrowers are not required to pledge any of their valuable assets as security against the loan. These loans take your next pay check as collateral. The loan amount for these loans ranges from $100 to $1500 with a repayment term of about 15-31 days. These loans can be availed easily as they do not involve any kind of paper-work. The interest rates for such loans are slightly higher as they are of unsecured nature. Once the borrowers personal information is verified, the loan is approved. But, before applying for these loans, the borrower must satisfy the some conditions like he must be a citizen of UK, an age of 18 years, earning a sound source of income from the regular job, holding a debit card against your name and an active checking bank account. Also, the people with bad credit records like arrears, late payments, defaults, missed payments and insolvency can apply for these loans without any kind of trouble. By repaying the loan amount in time, the bad credit holders can certainly improve their bad credit score.
Browse the internet and compare loan quotes from different lenders available online. Little negotiation and thorough research can let you grab a reasonable deal. Online application is popular due to its instant approval and easy loan procedure. Good online searching can get you the best deal ever and that too from the very comfort of your own home. Simply you need to fill up the online application form with your personal details and send it to the lender. You will get your money deposited into your bank account on the same day or the next business day.
How To Get A Loan Modification In A Week Or Less
If you want to get your loan modification approved in a week or less, good luck! It is almost impossible…or is it?
If you know anything about loan modifications, you know that it generally takes 2 to 3 months to get the modification approved. It is a stressful process if you are the homeowner desperately waiting for an answer. Some lucky people can get this done in about a month, but this is very rare. Getting it done in a week or less is almost unheard of!
The reason it takes so long to get a loan modified is because there are so many people in need of this service. Lenders have stacks and stacks of files on their desks and not enough employees. It takes a long time to sort through all those files and get the loan mod completed.
There are a few companies out there that have such close relationships with lenders that they will actually allow them to take some of the unbearable workload off their backs. There are only a few companies that do this because it is very hard to come up with the necessary ratios to get this accomplished.
What this means in lamens terms is this: A company that provides this service can call up your lender with your loan number. They speak to a case manager and review your file. They approve or deny the loan modification right away and tell them what your interest rate and payment will be. They can then tell you what the terms of your modification will be and you can decide to move forward or pursue another option.
If you do decide to move forward, they can generally complete the loan modification within 24 hours to 7 days. To further ease your financial burden, often times they can push back your next payment 30 days from the date the loan mod docs are signed.
The success of this depends on what lender you have and if you are even a candidate for a loan modification. The top lenders participating in this program are Countrywide, Bank of America and EMC. These are not the only lenders, just the main ones.
If you want to get your loan modification approved in less than a week, this might be your only option.