When looking for a payday loan or an installment loan in Seattle the easiest thing to do is to get a quote online. The last thing that you want to do is go into a brick and mortar check cashing store to apply. It takes way too long and is just plain inconvenient. If you are ready to get your free quote, go ahead and fill out our short online form. It takes just a minute and you will have your answer super fast.
Why A Payday Loan Quote From Seattle Cash Services?
At Seattle Cash Services, we make it easy for you to get the loan quotes that you need and make it much more likely that you will get approved. We can do this by giving you access to one of the largest loan networks on the internet. The last thing that you would want to do is apply to single lenders one at a time. Each lender has their own loan requirements and if they turn you down, you need to start all over again with a new one. This can cost you hours. Our lender network is different. If one lender turns you down, your information goes on to the next one. This continues again and again until a lender is found that wishes to make you an offer. It is the easiest and perhaps quickest way to get an approval when you are in a rush.
Getting Started
The first thing that you will want to do is fill out the short quote form at the top of this page. Don’t worry, your information will be handled securely. It takes just a few minutes to fill out the form, even less if you are a quick typer or use autocomplete. Information requested will be very basic information like your address, name and employment information. At the end your bank account information is needed. Your lender will use this to send you the money you requested if you get approved. Once you complete the form, you will be asked to agree to the conditions and then you can submit your form.
The Lender Network
Once you complete the online form, your information will be sent to our lender network. This all happens securely and very quickly. It will go from lender to lender, one at a time, until one is found that wants to make you an offer. You will then be presented with an offer and have the opportunity to review all of the details of your payday or installment loan. Be sure to read them carefully so that you understand all of the terms. Know the due date of your payment or payments and the total cost of the loan.
If you agree to the terms and want the loan, you can accept it online. Occasionally your lender might want to contact you directly or may request additional documentation like a copy of your government identification. Once the loan is agreed to, the lender will begin the process of getting you your money. You can get your money as soon as the very next business day.
Is An Online Payday Loan The Best?
Yes and no. It might be the best option for you or there may be better ones. You have to make that decision based on your current money needs and your current credit score. In general, if you need money fast and you have poor credit, a payday loan is the right choice. If you have better credit, an installment lan might be available to you.
What Can A Payday Loan Do?
The biggest redeeming quality of a payday loan is its availability to those with poor credit. Even if you have a low credit rating, you can usually get approved for a payday loan. This is because lenders are not looking for the same things that major banks are looking for. What they are looking for is just your ability to pay back the loan. To see this, they want to know that you have income coming in and have a current checking account. The money coming in does not even have to be a regular job. It just needs to be regular money that you are continually getting.
Another great thing about payday loans is that they fund quickly. After you fill out your online loan form and get your approval, the money will be sent to your Seattle bank account as soon as the next day. This is particularly important in an emergency where you need money quickly. Once you have your approval, you can have the peace of mind that your money is coming.
The negative about payday loans is that they come with rather high fees. The fees, when turned into an interest rate wind up being in the 400% range or higher. These are high risk loans and lenders do charge accordingly. Unfortunately, the high fees go hand in hand with the loans availability to those with poor credit. Without the high fees, lenders would be unwilling to make these loans.
When you apply for a payday loan online, you are also limited in the dollar amount that you can get approved for. Loans in Seattle are capped by the government at $700 so this is all that you can get.
What Can An Installment Loan Do?
An installment loan may be available to you if you have slightly better credit. This is not to say that you need perfect credit however. You can have some dings on your report and still get approved. In general though, the better your credit, the lower your interest rate will be. There are several benefits to an installment loan over a payday loan. The chief one being the ability to spread your payments out over time. This can make the payments much more manageable and allow you to get your finances back on track or spread and expense over a longer period.
Another benefit is that you can take out more money in Seattle with an installment loan. If you need more than $700 and you qualify, an installment loan is definitely the way to go. Honestly, even if you need less than $700, if you can qualify, an installment loan will be better for you than a payday loan. In most cases.
As far as negatives go, when compared to payday loans, installment loans have few. You should use caution however with any loan. Lenders have only a snapshot of your financial profile and will often approve you for more money than you really need or can afford. Take out just what you need and make sure that the installment payment will fit into your budget.