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In my previous article I wrote about the cash loans Springfield Missouri has to offer. Those are short-term loans to help you get through until your next paycheck, and they are definitely better than the alternative, which is payday loans, or personal loans from family or friends. You can use these types of quick cash loans to help cover emergencies that occur between paydays. They can also be used as a last resort for those who know they will be without pay for one reason or another. Here is what I found in my research...
Applying for and getting a cash advance payday loan with bad credit isn't hard, but there are some things you need to consider before walking into an office. First, most lenders that provide cash advances either have agreements with local financial institutions such as banks, credit unions, or the Post Office that require pre-approval. Second, those cash loans are usually in small amounts with small fees. Third, they usually won't let you pay the loan back over the course of a month, but rather require payments in advance. Fourth, they almost always charge higher interest rates and higher fees than do payday loans from your bank or other financial institutions.
With that being said, it is actually possible for you to get cash loans Springfield mo. Yes, you can get them even if you have bad credit. You will need a cosigner who is at least 18 years old. You must meet certain income and asset requirements and must have an active checking account that is in good standing. You also must have a fixed monthly or bi-monthly salary that covers all of your bills. If you have a co-signer who has good credit, then this will help ensure that you are approved.
The basic application process for this type of loan is much like any other payday loan. You simply fill out an application and hand it over to the cash loans Springfield mo staff. They will review your information and then determine whether or not you qualify for the amount of money you're looking for. Then you simply sign and date the documents.
After you complete your application, you'll simply take your receipt to your local bank to exchange your original check for a cash loans Springfield mo dollar loan. This ensures that you are legally allowed to use your car title as collateral. Then you just need to return to the lender's office with the exact amount of money you would like to borrow, and you're done! Your payday loan should be processed within one business day, and then you can use your car title to return the loaned amount of money.
In the end, you can often find great deals on payday loans. If you are unemployed or under-employed, this may be an option for you. Just make sure you have all of your financial documents together and that you meet the qualifications of the lenders. Otherwise, you could spend your next payday trying to come up with some extra money to get by.