FALSE ADVERTISING - Is it False Advertising?. l If you are facing a major liquidity crisis, you need money and need it fast. Many companies say they offer what they call a "payday loan same day" or "a day payday loan," but these payday loans really living up to their names?
Technically, most lenders actually offer a loan the same day, but when they say the same day, they are referring to an entire stretch of 24 hours long. Therefore, most lenders will not help pay the day they apply, but within 24 hours from the time you filed your application for payday loan. Applying a morning waiting to be paid that day, most likely wait until the next day.
Is this false advertising on behalf of companies payday loans? It can be as misleading advertising, but not really illegal. The legal definition of the day is 24 hours, so the payday lenders that advertise this type of cash advance loans are complying with the law.
It may seem a long time to wait until tomorrow to have the loan amount deposited into your checking account, but in reality it is not. Compared to traditional bank loans, wait 24 hours before your money is incredibly fast. Traditional bank loans usually take weeks to process, before money is paid. Not to mention the fact that the loan application process is much more extensive and time consuming just to fill out an application.
Most of the payday loan process is spent by the lender for processing and verification of your loan application. It only takes a few minutes to apply, and once you have submitted your application, now only a matter of sitting and waiting for the payday loan to be approved.
The requirements for an advance loan same day payday are quite minimal, as most applicants are approved. You must be a legal U.S. citizen, 18 years old or more and earn more than $ 1,000 of monthly income. Assuming that you meet these requirements, your application for payday loan should be approved. Remember it is not likely to receive their money the same day, but you must have tomorrow morning.
No comments:
Post a Comment