We do agree the interest rates on payday loans are higher than standard loans. However, considering the convenience of applying a payday loan and receiving cash instantly, this isn’t such a big deal. In fact, payday loans can be acquired online without having to go to the bank. Captain Cash makes this possible by processing your request online through the website.
Payday loans are a small amount of money that you get for a short duration of time. It’s known as a payday loan because the borrower is usually supposed to pay back the money as he receives his next paycheck. Payday loans are also called no credit check loans since almost no lender would check your credit score to provide you a loan.
If you have already applied and received a payday loan, you cannot apply for another one with the same company or other lenders. The payday loans are under the surveillance of a central database and allow to be taken, only if the previous one is cleared.
When you have an emergency, you would rather get the money fast than having to wait for it. Traditional loans will not cut it when you need money on the same day. If you have a crisis that needs your immediate financial attention, and your next payday is a few weeks away, then short term loans are your best bet. Payday loans don’t necessarily require a credit check, and you don’t have to provide any down payment either.
Online payday loans are a quick way to arrange a large sum of money. You can get your loans approved and get your account credited on the same day. To apply for online payday loans, you have to follow a few steps which include filling in application forms, going carefully through important terms and conditions and finally submitting relevant documents for approval. You will get an approval email intimation as well as the repayment schedule.
In Canada, a payday loan is a very convenient, easy, and smart way to keep on top of your financial obligations. A person having a poor credit rating may still be eligible for this loan. To apply for a payday loan, it’s essential to meet a few criteria. You can apply for it online and the process is fast and is extremely convenient. Customer Service representatives of the company can be easily reached via phone or emails to answer your queries and help you with the application process from the comfort and privacy of your home or office.
Despite their vast popularity, a large number of people still fret over the question if payday loans in Canada are legal? The answer is payday loans are very much legal and have been helping millions of people with their financial struggles. They may sound too good to be true, but they are introduced in the market to save people from running around for loan approval.