We do not charge any fees and there is no fee to apply online. OUR SERVICE IS FREE.
All credit types accepted but loan approval or reject are up to your personal information.
Money is usually deposited into your bank account same day or next business day.
A payday loan essentially gives you a way to get an advance on your paycheck. It’s a short-term loan, meaning you’ll pay it back quickly (e.g., within a couple of weeks). You can usually get a payday loan for roughly the amount of your next paycheck. You can use your payday loan for whatever you want. It most frequently comes with a fairly high interest rate. A payday loan is a type of unsecured loan. This means you don’t need to put up collateral and the lender won’t make you prove that you can repay the loan before giving it to you. This makes it easier and faster to get than a lot of other loan types.Online Application
Payday loans are short-term loans that generally have less strict requirements than other types of loans. These loans are usually for smaller dollar amounts — from a few hundred to $1,000 — and are due soon. In fact, they’re called payday loans because you usually need to pay them back by your next payday.
Because these loans are short-term and smaller-dollar, they don’t require the stringent requirements of other types of financing. In fact, you might not even need to get a credit check to get this loan. That’s why payday loans for bad credit or no credit individuals can be such a helpful tool. Another benefit of a payday loan is that it’s generally unsecured. That means you don’t have to put up any collateral for the loan. While you’d have your home as collateral for a mortgage or your car for an auto loan, you won’t need to risk anything to get this loan.
That said, missing any payments for your payday loan will negatively impact your credit. And if you’ve already got bad credit, you don’t want to dig yourself any deeper there. All told, a payday loan can help you bridge a cashflow gap — but it’s important that you’re able to pay your loan back by the due date. Only take out this type of loan if you have a plan to pay back your loan amount in full.
There are a few simple steps to getting a payday loans. First, complete your application online or in person. Also consider what terms and fees work best for your needs.
From there, you fill out your application. This is usually a quick and easy process. To make it even faster, make sure you have the necessary information on hand, such as your banking information.
Lenders typically make decisions quickly, as fast as instantly for online applications. Once approved, you’ll sign an agreement. Again, you can do this in person or by e-signing with an online lender.
Finally, you can receive your money. Payday loans online work quickly, so there’s almost no waiting for your money. Most companies get your loan to you either the same or next business day.
Payday loans have some of the highest APRs of any type of loan, but its average APR of 400% only equates to a $60 fee on a $400 two-week loan. Depending on how urgent your cash needs are, this could be a small price to pay. APR and borrowing caps vary by state. Some states like California only allow you to borrow up to $300, while others like Maine have a $2,000 payday loan limit.
Certain states allow you to roll over your same-day payday loan for another 14 days by paying the interest, although the number of times this is allowed also varies by state. See your state’s payday loan laws for an idea of what’s available in your area.
Sunset Payday Loans is one of the top services in the industry that provides quick and easy cash. Since our applications and the entire process is readily available and done online 24/7, you can apply with us at any time. You can do this by filling up our application, where you have to state the purpose of taking the desired loan and provide the necessary documents.
Fill out the loan application form – Whether you apply online or in person, you’ll need to fill out an application with each lender. Make sure to have important personal information handy, including your banking info.
Receive and compare offers – Whenever you’re applying for a financial product, you should always compare different offers in order to make sure you’re getting the best deal possible. Try to choose a lender with the lowest rates and fees.
Sign the agreement – Once you decide on a lender, you’ll have to sign the agreement before you can access the cash.
Finalize the application and send it. Look through the application file to see whether you’ve filled in everything you need. Before submitting, review the requirements from the lender, especially the ones that involve additional fees and penalties.
Wait for approval. Usually, you’ll get a response the same day and receive the funds within 24 hours. This allows borrowers to quickly resolve their monetary issues.
Although the requirements on payday loans are more relaxed that with other loans, lenders still deny loan applications if they feel the risk of default on the loan is too high. If your application is declined, it may be because:
You are not employed or your income is too low – If your income isn’t enough to cover basic living expenses and make your loan payments, lenders may deny your application for fear that they won’t recoup the loan.
You already have a payday loan or recently borrowed one – Each state has different limitations, but most states limit borrowers to a single payday loan outstanding. In states where multiple payday loans are allowed, borrowers are typically limited to $500 – $1,000 in loans at any given time.
You have too many current debts – Since lenders don’t look heavily at your credit scores, they will likely look at your current debts to gauge your ability to repay. If you have too many current debts with too little income (also referred to as your debt-to-income ratio), lenders may not be willing to take that risk.
We understand that not everyone who applies for a loan is someone that is currently employed. If you do not have a place of work, you will be assessed based on your affordability, as lenders would need to determine if you are able to pay back the applied borrowed money. You will need to provide some proof of income, such as self-employed income, government assistance, retirement funds, pensions, regular finances covered by a partner, etc. Payday lenders are all different, but if you frequently receive a source of income, you will still most likely get approved.
Customers may worry about not passing the verification process to acquire financial assistance through payday loans as they have a low credit rating or have a dubious reputation. Others might not even have a credit history at all. Sunset Payday Loans recognizes that individuals may be borrowing this money because of a difficult circumstance.
Therefore, there is no need to fret as part of our job is to negotiate with lenders to give everyone the opportunity to get the help that they need. The best part is since this is an unsecured loan, there is no need to prove you have any assets either just to get an approval.
In any case, a FICO credit score is not something that lenders generally check. It is possible, though, that if it is something a particular lender looks into, the loan amount may be reduced, or fees will perhaps be increased if there have been spots in your credit history.
Check the terms and conditions on the loan agreement regarding any defaulted payments. We highly suggest that if you are facing an unstable to contact our experts as soon as possible for viable options on adjusting payments or to speak with your lender directly.
We are committed to helping our customers in sudden financial struggles and making them satisfied. Our goal is to extend a helping hand in all kinds of life situations when you need money quickly. Even if you have bad credit, our services will be the right fit.