When you apply for a payday loan for the first time with a new provider, you’ll need your most recent bank statements and your ID to prove you can afford the loan. If everything goes well and you make your repayments exactly as planned, you could develop a beneficial relationship with that vendor that can prove very helpful in future. In this article, we’ll be taking a look at the best advantages to staying with the same loan provider whenever you need a fast cash loan to get you through the month. Let’s start with:

Faster approval

At Cigno Loans, payday loans are our main focus. Our aim is to help you find the perfect short-term loan for your situation. If you’ve borrowed from us before successfully, we’ll be far more confident in helping you secure a loan in future. Come back to us for a second loan and the process will be even faster than it was for your first. We understand that speed is a crucial factor when cash is tight, so we fully appreciate how much difference it can make to offer a payout that’s as fast as possible.   

Familiar notification service

When you’re busy and flustered, it can be hard to remember little details and specific dates. Which is why we offer a range of handy notifications to remind you of the most vital stages of your loan. Different loan companies will have different approaches. At Cigno, we like to keep you well informed with texts to your phone. Most people love this idea as it gives them a little extra reminder to help ensure they don’t miss any payments.

If you get another loan from a different company, you might find they don’t keep you up to date as regularly, or they don’t contact you at all. These little features might seem trivial, but a lot of people look for consistency and like to stick with processes that are familiar.      

All of your history is kept on record in one account

It can be a great help to keep all of your loan information safely stored within one account. Whenever you want to look at past loans or check any account details, it’s all in one place. If you have multiple accounts with a range of websites, looking through your history becomes a bit more of a challenge.  

The main reason to take a payday loan is if you’re running low on cash and need a quick injection of money to get through to your next payment from work. If you’re out of work, we may be able to offer you loan that fits in line with your welfare payments. A short-term loan is a means to solve a money issue as well as prove you can borrow money responsibly. If you ever need to study or display your loan record for any reason, it’ll be much easier to do so if your entire loan history is accessible in one place.  

Potential access to larger amounts

We offer loans up to $1000 dollars to first time applicants. The only way we can offer more is if we’ve worked with you before and have seen that you’re perfectly capable of paying us back. There’s no better way to prove your capability with credit than by borrowing and making repayments exactly as agreed. This also plays a big part in restoring your credit rating to greater levels.  

Those that have dealt with us on numerous occasions successfully in the past are welcome to contact us about higher amounts. You never know when you might need access to larger sums of money for future emergencies, so building an account that allows you higher loan amounts can prove highly beneficial.

Those are the top reasons to use the same payday loan company for your future short-term loans. If you prioritise saving a few cents, looking around for other options may be suitable for you. But if you think consistency, greater convenience and building a strong account is more important, it’s worth doing your research to pick the right company from the start and sticking with them.

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Read more about bad payday loans here, or in our previous blog post: Why No Fuss Payday loans Are Rising In Popularity

Disclaimer: Please be aware that Cigno Loans’ articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.