Payday Loan Review: Guaranteed Instant Approval – Choose Wisely

Payday Loan

Want to cope with your instant financial needs? Are you the one who has zero credit in your account? Afraid of being rejected because of bad credit history while applying for a loan? If your answer is yes to all these questions then we have got a solution for you which is a payday loan.

You cannot ignore the importance of payday loans in comparison to loans that will push you toward long-term debt. As per recent studies, the customers of payday loans are generally mainstream employees. They have an annual income of around $30,000. Pew charitable trust states that each year more than 12 million US citizens take a payday loan. With this, they overcome emergency financial needs.

You can make use of these loans to fulfill short-term needs including utility bills, and rent payments. You can also use a payday loan to pay your medical bills, car payments, mortgage payments, and food costs. Easy Payday Loans is the best in the market when it comes to the provision of payday loans. They have strengthened its reputation by catering the higher standards of quality, reliability, and supreme customer service.

Guaranteed Instant Payday Loans Overview

The term payday loan refers to the loan that you borrow to repay on your payday. Another name for a payday loan is a check advance or cash advance loan. It is a short-term loan featuring higher interest rates. Payday loan lies anywhere from $50 to $5000.

These loans have a direct link to the borrower’s paycheck. The amount of the loan you will get solely depends on your monthly income, and your income sources. Sometimes it also varies depending on the lender to lender. The lender will issue such loans knowing that they are sure to get the repayment as soon as possible.

Easy Payday Loans refers to credit brokers which have direct access to the dynamic network of lenders. The role of easy payday loans is to link you with these lenders. The lenders are licensed, accredited, and have a well-established reputation in the field of lending. They will not charge even a single penny from you in getting the most out of their service. The main feature of Easy Payday Loans is you get a lot of choices and freedom. You can visit the website to choose any lender that truly fulfills your terms and conditions.

Step-by-step Guide to applying for instant payday loans

The process of application for on-the-spot guaranteed payday loan approval online is simple and easy to follow. It comprises three main steps. The steps are as follows:

1.   Fill Online Form

The process starts with filling out an online application form. You need to provide in-depth information to make it easy to understand as much as possible. The information you provide includes personal details, your address, and your source of income. You also need to provide your per-month income, contact information, and desired loan amount. After filling out the online application Easy Payday Loans will transfer your application to a huge network of lenders.

2.   Receiving Quotes

The second step consists of receiving quotes. Now you will get a response from multiple lenders interested to provide you with the desired loan. The quote they provide includes information on loans they can offer, interest rates, terms of repayment, and more. You can choose the lender that meets your application terms.

3.   Get Your Loan

In the last step, you need to sign the quote that you like the most. After the quote signing, you will get the loan amount directly in your bank account. The payment transfer duration you can expect to be as low as 24 hours.

Alternative and risks of an instant payday loan

Instant payday loans involve higher risk. You don’t need to acquire an instant payday loan because of the following reasons:

1.   Too Expensive

You need to pay higher interest rates most often having an APR that lies in the range of 28-36%. On average, the APR of a payday loan is around 398%.

2.   Non-Payable

You cannot repay it within a specific duration. At the time of repayment, you borrow another one and cope with your fees. Doing this will sink you into the sea of debt.

3.   Severe Overdraft Charges

Some lenders often require bank account access. They delve into this by saying to get rid of writing post-dated checks. When the time comes to repay the loan and your account balance is zero. The lender performs multiple unsuccessful payment withdrawal attempts resulting in overdraft charges.

Some alternatives that you can try instead of instant payday loans include:

1.   Small Loan Unions and Companies

These unions and companies serve best when it comes to fulfilling small loans. You can easily join one. The members of the union act as owners resulting in lenient standards of qualification for loan acquisition. You can easily gate smaller loans at competitive rates. The interest rates they offer are only in dual digits which are far less in comparison to those offered by lenders.

2.   Friend/ Family

Approaching one of your close friend or a family member for a loan prevent you from higher interest or low-interest rates. In reality, you can even get a loan by paying zero interest. You only need to negotiate the repayment date and the loan amount.

3.   Approach Your Creditor

You can approach your creditor for a short-term loan. Instead of getting a payday loan with higher interest. There is a chance that your creditor provide you with the loan amount without any interest. It prevents you from sinking into debt. The only thing you need to do is to repay the loan in installments each month.

Factors To Consider When Selecting an Online Payday Loan

There are several things you need to take into account while choosing payday loans. Some of the key factors include:

  • Determine how long a particular payday loan service is serving in the lending field. What are the customer reviews on the specific firm you are going to choose? Can you trust it blindfolded? Go through the complete verification process. If it meets all your requirements then choose the firm for your instant payday loan needs.
  • Considering the interest rate is crucial. Low-interest rates keep you away from periodic loans and digging into debts. Make sure to know the interest rate the particular payday loan service is offering. The reason is some services offer 398% APR per annum.
  • The other thing you need to consider is when you will receive the amount in your account. The quick payment transfer will lead you to quickly overcome emergency expenses. Most lenders provide you with the amount within 24 hours. But it will be good if you check in advance.
  • Screen through the conditions and terms they are offering while applying for a payday loan. If you are not satisfied with their terms continue your research in finding the best fit. The major terms include interest rate, monthly words, obligations, etc.


There is no doubt that payday loans can assist you in overcoming the income gap. No matter if the gap comprises a few hundred or a few thousand dollars. You can take benefit from easy payday loans. Their reliable, trustworthy service along with instant and quick approval make you choose their service.

The diverse and dynamic network of lenders also makes them stand out. They have strengthened its reputation over the years by offering its customers the lowest interest rates. Credibility is what matters too easy payday loans. They continuously struggle and leave no stone unturned when it comes to quality and efficient customer service.

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About the Author: John Watson

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