keyboard online application payday loan

The “payday loan” is almost certainly something you’ve heard others talk about before. Whether they’re warning you away or letting you in on how one of these quick loans has saved their bacon more than a handful of times, one thing is clear, payday loans are on the rise.

In this piece, we’re going to highlighting the core advantages that make payday loans no fuss, no hassle, and one of your easiest options when you’re short on cash for the month. Have a read through and find out why more and more people are relying on these quick payout short-term solutions.  

Flexible amounts

At Cigno Loans, we offer a wide range of payday loan amounts. Part of the application process involves specifying exactly how much you need to solve your particular situation. We always recommend you only take what you absolutely need, because these loans are designed to be paid back as soon as you get your next payday.

You can borrow anything from $100 to $2000. This level of flexibility means you don’t have to think twice like you would if we only offered set amounts like credit cards do. With a payday loan, you can take as little as you need safe in the knowledge that you know you’ll be able to comfortably pay back everything you owe when your next payday comes around.

Your approval for a payday loan does not depend on you credit score  

When you apply for a normal personal loan, the bank or broker will almost certainly check out your credit history. If your history is not ideal, they’ll likely refuse your loan or offer you far less attractive terms that’ll make the loan far more expensive for you overall. If you’re refused completely, this can damage your credit report even further, as it will be noted that your last application for credit was turned down.

With a far less fussy payday loan, your credit score is not so important. The most important thing we need to see is that you’re in gainful employment and will be able to pay back what you owe within the coming weeks. All we need to verify this is your ID and most recent bank statements. When all other means of borrowing are refusing you due to your credit history, a payday loan could prove to be one of the last means for you to borrow from a professional and regulated source.

The speed of payout is a huge attraction

A lot of people that take payday loans are doing it because they’ve run into emergency situations that they just don’t have the cash to pay for right away. As you can imagine, in these kinds of circumstances, speed is everything. It’s for this reason that we design our payday loans to be paid to your account within hours of your application being approved.

A payday loan is not recommended for private purchases or investments. It’s mainly a means to access funds when you need them most. If need cash to pay for an urgent cost today, the application process for our payday loans can be completed within minutes and the money is paid out to your account the same day.

The other advantage to operating these loans online is 24 hour service. You can apply for a loan first thing in the morning or really late at night from your computer or smartphone. This level of convenience is one of the most important factors that makes these kinds of no fuss payday loans so easy to access.

As more and more people find themselves falling short each month, the popularity of payday loans will soar. If you’re not happy about taking a loan purely over the internet, our friendly team is ready to welcome your application by telephone.

We don’t have the same strict attitudes towards our services like many banks do. We’re open minded and show far more understanding for those in trouble that need a quick and practical solution. We’ll work with you to assess the correct amount, the schedule of your payments, and we’ll keep you informed throughout the process with a handy volume of helpful notifications. We’re here to help, and it’s in our best interest to ensure your experience with us goes as smoothly as possible.  

For more information regarding our payday loan products, please don’t hesitate to contact us.

You can also read more about payday loans in our previous blog post: How Instant Payday Loans Can Get You Out Of A Financial Bind

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