5 Reasons to Get a Cash Loan until Payday

payday-loan

Getting a loan might be something you’ve been contemplating on for some time now. You may have heard about a cash loan until payday from many family members, friends and co-workers. The question is, will it actually help you through situations where you are in financial despair?

The answer to this question is usually yes, but then again, it all depends on the specific factors in each person’s situation. If you’re not thinking about a long-term loan like car loans, property loans and business loans, then a cash loan until payday might be just what you need. These are typically short term loans that are often used to get people through rough patches until they receive their next pay check.

In What Situations should you Consider Getting a Loan?

These types of loans are for situations where you are in desperate need of money right away and you simply cannot wait any longer. Some common instances include:

  • Emergencies where money is needed ASAP
  • Medical bills where fees cannot be adjusted or paid through a monthly payment plan
  • Urgent home or auto repairs
  • Paying off utility bills that are long over due
  • Cash for necessary day to day spending (Groceries, Transit, etc.)

 

These situations are the most common situation where a person will consider getting a cash loan until payday.

How Does a Cash Loan Until Payday Work?

A cash loan until payday allows a person to borrow a modest sum of money for a short period of time. A first time loan can be up to $500. The cost of borrowing is dependent on the sum and the pay period terms that are agreed upon at the beginning of your loan. Simply fill in the information form on our website, and within a very short period of time you will receive the approved funding through direct deposit to your bank account.

What are the Negatives of a Cash Loan Until Payday?

The only negative aspect of this type of loan are the fees, which can be high in comparison to traditional bank loans. However, the fees themselves become worthwhile for individuals who are in need of cash quickly, and cannot easily receive credit from a bank. At the end of the day, you have to do your research and weigh the pros and cons before you consider this type of loan.

Make sure to use a reputable service like Lendgreen to assist you in getting a cash loan until payday. Our knowledgeable and friendly staff will provide you with the cash you need, and help you keep on top of your day to day expenses. Call today for more information 1-855-832-7272.

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Niiwin, LLC, d/b/a Lendgreen (“Lendgreen”), is a wholly owned subsidiary of LDF Holdings, LLC, a wholly owned subsidiary of the Lac du Flambeau Business Development Corporation, a wholly owned and operated economic arm and instrumentality of the Lac du Flambeau Band of Lake Superior Chippewa Indians (“Tribe”), a federally recognized Indian tribe. Lendgreen is organized and in good standing under the laws of the Tribe. Lendgreen is a duly licensed Financial Services Licensee of the Lac du Flambeau Tribal Financial Services Regulatory Authority, an independent regulatory body of the Tribe.

All loan application decisions are made at Lendgreen’s office located at 597 Peace Pipe Road, 2nd Floor, Lac du Flambeau, Wisconsin 54538 on the Tribe’s reservation. If your loan application is approved by Lendgreen, your loan will be governed by Tribal law, applicable federal law, and the terms and conditions of your loan agreement.

This is an expensive form of borrowing. Lendgreen loans are designed to assist you in meeting your short term borrowing needs and are not intended to be a long term financial solution. The Annual Percentage Rate (“APR”) as applied to your loan will range from 720% to 795% depending on your payment schedule, pay frequency, loan term, and the amount of your loan. Late payments and non-payment may result in additional fees and collection activities as described in your loan agreement and as allowed by Tribal and applicable federal law. Lendgreen does not lend to residents of AR, GA, MD, MN, NY, PA, VA, WV, WI or to members of the military or their dependents.

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