Tips for Applying for 3 Month Payday Loans

Date Added: Jan 17, 2013

Are you looking for instant cash that can cover your unexpected bills and expenses? If your answer is yes, you should consider applying for one of those 3 month payday loans. Payday loans are short term loans that you can use if you need instant cash. The application process is easier and faster compared to normal loans. In fact, your application can get approved in just one day. People use this type of loan to cover unexpected expenses and bills.

However, before you apply for a payday loan with a 3-month term, you should first learn some useful information and tips on how to apply for this type of loan.

Determine your needs

Ask yourself how much money you need. This will help you choose the right kind of loan. If it is a small amount, then a 3-month loan is your best option. But if it is a large amount of cash, you may need to choose a long term regular loan which takes a longer time to be processed.

Choose a reputable lender

It is always important to deal with reputable lenders that will help you with your money problems instead of putting you in too much debt. Avoid lenders that have exorbitantly high interest rates or lenders that promise you too much of a good thing. You should check out the lender’s website to learn more about their rates. You should also read customer testimonials or reviews that you can easily find online.

Get a quote

You should also get a quote from the lender to know if you can afford your regular payments before you decide to sign a contract. You can get a free quote from the lender’s website or you can call them using their hotline numbers. You can also visit their office in person if you wish to speak to a representative face to face.

Prepare all the documents

You may need to submit documents like valid ID, proof of income, proof of address, and other pertinent documents. You also need to be qualified to apply for a payday loan. You should be at least 18 years of age and you should have an active current account where the funds can be transferred and payments can be deducted.