What Exactly Is a Payday Line of Credit? And How to Get One

You may know about payday loans. You may even have taken advantage of these great loans to help you get by between paychecks. But did you know that the same lender that gets you these payday loans can also provide you with a payday line of credit? Here’s what you need to know about this financing option.

A Payday Line of Credit Gives You Borrowing Flexibility

A payday line of credit is similar to other line of credit loans in that you get approved for a certain amount, but you don’t have to borrow it all at once. You can draw on that line of credit whenever you need cash. This is a great way to get flexibility in how you borrow. It means using only what you need, as you need it so you don’t get stuck with a large amount of debt that you struggle to repay. On the other hand, when you do need a big chunk of cash, for some emergency expense, it’s right there waiting for you to use it.

It’s Easy to Get Approved for a Payday Line of Credit, Just Like with a Payday Loan

Payday line of credit loans are different from standard payday loans in how you borrow and use the cash, but in terms of how easy it is to get approved, they are exactly the same. As with any kind of payday loan, your credit score won’t disqualify you if it’s low. You also can count on getting approved in just a matter of minutes. Your income, your job history, and having a bank account are the main things you need to show in order to get approved for this flexible source of quick cash.

How to Get a Payday Line of Credit

It’s so easy to apply for this type of loan. We do business online and on a mobile platform, so you have two easy options: use our online application or our mobile app with your phone or tablet. It takes just a few minutes to fill out the application or use the app, and then it takes about 90 seconds for a lender to get back to you with an answer. From there you are on your way to getting a payday line of credit. Your lender will take the steps to make it official and make sure the cash is ready and waiting for you to draw from whenever you need that extra money.

What Exactly Is a Payday Line of Credit? And How to Get OneBy Eric Knapp - 11/3/16

Why Choose a Payday Loan Line of Credit over a Credit Card?

When it comes to getting credit you have more than one option. You have the freedom to research your choices and decide on a plan that best meets your needs. So why is a payday loan line of credit often the better choice than a credit card? Here are just a few of the many reasons.

A Payday Loan Line of Credit is for Everyone

As long as you have a job, you can probably get approved for a payday loan. Unlike other sources of credit, your financial history is not scrutinized down to the last detail with this kind of credit. It really is a source of cash that is available for everyone.

Don’t Let a Credit Card Hurt Your Credit Score

When you get a payday loan line of credit you actually have a good opportunity to improve your credit score. Taking out credit responsibly helps. Unfortunately with credit cards, people tend to get in debt, stay in debt, and end up hurting their credit scores.

Rates for a Payday Loan Line of Credit Don’t Depend on Your Credit Score

Did you know that a credit card company can raise your interest rate if it sees a mistake on your credit report? With a payday loan line of credit you get a rate up front with no tricks or sudden changes.

Avoid Hidden Fees with a Payday Loan Line of Credit

Credit card companies can be sneaky about what they charge you. There are late payment fees, fees for going over your limit, balance transfer fees, and even annual fees for some cards. With a payday loan line of credit you will know what your rate is and any fees up front, no surprises.

Credit Card Companies Want You to Stay in Debt

The card companies want you to be in debt and encourage you to do so by allowing you to make minimum payments that often only cover the interest rate. The longer you are in debt, the more they make. You can use a payday loan line of credit responsibly and avoid getting into long-term debt.

Make the Smart Choice with a Payday Loan Line of Credit

You can apply today for your payday loan line of credit and borrow responsibly. Get a source of cash for when you need it, not just to rack up expensive purchases you can’t really afford. Get started today and you could access that cash as soon as tomorrow.

Why Choose a Payday Loan Line of Credit over a Credit Card? By Mindy Lobo - 8/4/16

Use a No Credit Check Line of Credit to Supplement Your Income

Just because you work hard on the job doesn’t mean you’re flush with cash. In fact, most people struggle to make ends meet, even when working full time or more than one job. A recent report in the news stated that the fastest growing jobs are those that pay the least, so odds are that most of us aren’t really earning enough. So how can you cope? Try a no credit check line of credit to make sure you always have cash to reach for.

What is a No Credit Check Line of Credit?

A no credit check line of credit is just what it sounds like. You get a line of credit, a ready source of cash that you can draw from whenever you need it, and you don’t have to worry about being disqualified by a check of your credit score. You get the best of both worlds because our lenders use the same guidelines for approving these loans as they do with payday loans. So, more important than your credit score is your income and job history. And, you get a line of credit that you can use whenever you want. You apply just once, get approved, and whenever you need it, that cash is there to provide you with a little cushion and enough money to keep you going until the next payday.

How Can I Get a No Credit Check Line of Credit?

So now you’re sold on a no credit check line of credit, right? And you want to know how you can get in on this great deal? It’s super easy. If you have a computer, that’s great. You can just get online and use our website to complete the application. You can also use our app with your smartphone or tablet, so you don’t have to have a computer, and you can even apply from anywhere. You will only need to provide a little information, and with that, we can provide you with a lender who will get you approved in minutes. By early the next business day, you will have access to the cash you need and can start drawing from that line of credit. It’s so easy and simple to get a no credit check line of credit, and it is the best way to make sure you can live comfortably, even when you don’t earn as much as you wish you did.

Use a No Credit Check Line of Credit to Supplement Your Income By Eric Knapp - 5/31/16