Payday loans are a convenient and quick solution for obtaining money when you need it most. A payday loan is a short-term, unsecured loan used to finance expenses until your next pay day.
You can get a payday loan in person or online with only a few minutes of processing time and no credit check required. All you need is a steady income, bank account, and a permanent mailing address.
Some lenders may lend to you if you are on social assistance since it is a guaranteed income, even if you don’t have a job. Payday loans are offered to everyone, regardless of credit history, but they have significant administration and miscellaneous fees. In the long run, you’ll pay far more for a pay day loan than for other personal loans.