How Can I Get an Instant Cash Loan?
Convinced you want to get an instant cash loan but don’t know how to go about it? No worries. Let’s walk through some of the steps you should take before you apply for an instant cash loan so you can help guarantee you won’t get your application denied!
Arguably the single best thing you can do to make sure you don’t get denied for an instant cash loan is to improve your credit. Even if your credit is bad, you can work to improve it over just a short period.
There are a few things that impact your credit, and some are more important than others. For example, did you know that your payment history makes up 35% of your credit score? This means that the worst thing you can do to your credit is to miss payments continually. However, on the other side, the best thing you can do for your credit is to make your payments overtime consistently. Here are the other factors that make up your credit score.
A quick way to build your credit score before your loan application is to get a credit builder loan with Possible. If you pay back our small loans, we report your successful payments to the credit bureaus. This then helps to boost your credit score. Worried about taking our more debt to boost your credit score? No worries. Our loans have competitively low APRs and if you are struggling to make your payment, you can extend it right within the app up to 29 days.
Each lender is different and will likely lend you a different amount of money and have different repayment terms. One lender might have low payday loans bad credit Washington APR but will make you pay back in one week, while another might have high APR but a long repayment schedule. Make sure you are doing your research and comparing what lender is best for you. The worst thing you can do is not do your research and end up with a loan that just puts your further in debt! The loan industry can be untrustworthy, so make sure you have done your research before getting an instant cash loan.
Have Proof of Income
As we mentioned before, the vast majority of the instant cash loan lenders will require that you have proof of income before getting a loan. Even if you do not have a job, make sure to show that you have a steady influx of money from whatever source. Without proof of income, you can pretty well expect you to get denied.
Where is the Best Place to get an Instant Cash Loan?
At Possible, we feel that we are the best place for you to get an instant cash loan for many reasons. To start, you can apply to our loans and get your money within the hour if you are approved. Many other lenders that claim to have “instant cash loans” might not give you your money in the same day and might even make you wait a few days. If you are in a time of need with money, Possible can be there for you. Instead of being overwhelmed with repaying a difficult loan, we give our customers a competitive APR and we allow you to extend your payments up to 29 days. Unlike other lenders, we don’t want to see you fail; we want to build you up.
Getting an instant cash loan is so much more than just getting emergency cash. With a bad loan, you could see your credit score drop if you are struggling to make payments because of the harsh terms your lender gave you. At Possible, we want to go against the grain of an industry that is riddled with these predatory practices and provide our customers with the best loan option for their needs. We aim to build value not just provide a service where they can get loans. We know that having poor credit can be hard, and it can be even harder if you can only get the worst of loans. This is why we offer loans to those with poor credit, and go out of our way to make sure your payments for our loans are reported to the credit bureaus.