One hour payday loans usually helps people to solve their problems in a quicker way. But the problem is that, it is more difficult to find the one hour payday loan providers. Walking in various payday loan lenders is also difficult to do.
Usually people need the one hour payday loans because of their financial positions and these one hour payday loan lenders are finding more profit margins in this business since there is an increasing requirement in the one hour payday loans. You can get one hour payday loans from two types of lenders. They are the direct and indirect lenders.
Even though you get money quickly from the one hour payday loans, it is slightly delayed in getting money when you opt for the help of the indirect lenders. This is because a middle man is involved in between you and the borrower. So like in the case of banks you have to satisfy a lot of rules for them. The money involved in indirect lenders also is high because of the third man involved.
In contrast to the indirect lenders, the direct lenders directly involve with the borrower and make people to get money is a very faster rate and also with very less money involved in process of getting the loan. The reason being the absence of the middle man in this process. The direct money lenders are also known as the no teletrack lenders.
Before lending one hour payday loan to you, they expect some eligibility from you and the assurance from you to repay the loan amount within the due date. The things which you have to qualify are, your age must be 18 or more, working experience of 3 months is a must also should have an active and a valid bank account along with the direct access facility in your account.
Once your loan gets approved, it will be directly transferred to your bank account and you can use it. In case of due date arrival, they money will automatically taken from your bank account. So make sure you repay within the due date.
You can avail one hour payday loan up to $100 to $1000. Because of the very simple minimum eligibility criteria, everyone can get their one hour payday loan easily. But make sure that you are repaying it in time; else lot of money will be claimed from you, for every extension you make for repaying your one hour payday loan.