Fast Payday Loan Alternative

Life: It happens, and it isn't usually cheap. When sudden vehicle trouble, an unplanned medical expense or a hiccup with your job come up, you might find that your bank account goes down to near or below-critical levels. Sometimes individuals or families who face such situations simply need a little breathing room to make it to payday or to cover an immediate expense during an emergency. One option for dealing with such a need is to seek fast payday loans.

Are online payday loans fast?

Two major paths exist for seeking such loans. The first route is applying at a brick-and-mortar lending location; the second is applying online. Applying in person seems to offer some benefits, but some people find in-person payday loans a lot less convenient than applying online with a lender that has a fast, hassle-free process.

If you apply in-person, you first have to go to the location, which involves travel time. Once there, you might have to wait in line to be served, and it's possible that you won't have all the information required for the in-person application, which could necessitate a second trip just to complete the process.

Working with an online lender removes some of these issues, especially if you deal with a reputable lender who keeps your information secure and provides funds within a short time of approval.

How quickly can I get a payday loan if I’m approved?

The LendUp loan application process takes as little as five minutes for consumers online, and we provide an instant decision based on a number of factors. If you are approved for a short-term loan, money can be transferred to you within a single business day. If your loan is submitted before 5 p.m. PT (weekdays), the lender may electronically transfer the funds to your bank account within one business day. See our FAQ for details.

In addition to a fast, no-hassle loan application process and transfer of funds to approved individuals, working with LendUp has other benefits. Our goal is to help our customers succeed financially, which means we work hard to provide you with the tools, like financial education, you need to manage money wisely and in keeping with your needs. In addition, we also don't have rollovers, which can lead to dangerous debt traps.

What requirements should I know about so I can apply faster?

The first step is getting a payday loan alternative is ensuring you live in a state where short-term loans are legal, and if you're seeking fast payday loans, you're in luck. If you can answer yes to all of the questions below, then you are ready to apply.

• Are you at least 18 years old?

• Do you have at least one source of regular, recurring income?

• Do you have an active checking account that can accept electronic transfers?

• Do you have a working phone number?

• Do you have a valid email address?

• Can you provide a mailing address?

• Are you not an active military member or a dependent of someone who is an active military member?

If you answered yes to all of the above, then you can take five minutes right now to apply for a short-term loan. While the lenders we work with can't approve everyone who applies, good credit is not required.