Finance

Quick Facts About Slick Cash Loan Lenders and Payday Loans

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Introduction –

Did you ever come across any lenders who would take the risk and give you the loan, even if you had a bad credit score or a pending loan? If not, then you should know about Slick Cash Loan lenders. Slick cash loan lenders are the only kind of lenders who give you the loan even if you have a bad credit score. The best part that you will know about the slick cash loan lenders is that, they don’t do a hard credit checking of your FICO score or credit score. Even if you have a bad credit score or a low Fico score, you can still apply for the loans at Slick Cash Loan.

Loans starting at $500

Besides not doing a hard credit check, the slick cash loan lenders also provide you with guaranteed loan approval, in which they accept your loan application and give you the loan. You can also take other types of loans from Slick Cash, as it also offers easy payday loans. Payday loans are small amount of loans that you can take. It starts at $500. Besides all of that, Slick Cash Loan also offers loans starting from $500 to $5000. So, now you can take any type of emergency loan from slick cash lenders, and they will not disappoint you in any way.

Payday Loans and Where it Doesn’t Work –

Slick cash loans are very popular in the whole of the USA, but there are 16 states in the USA where payday loans are banned. Some such states are as follows: District of Columbia, West Virginia, Vermont, South Dakota, Pennsylvania, North Carolina, New York, New Jersey, New Hampshire, Montana, Massachusetts, Maryland, Georgia, Connecticut, Colorado, Arkansas, and Arizona. Here, any kind of payday loan is outlawed. So, you can check your state laws and then apply for a payday loan online. Even if you belong to any of these states, you can still make an online application for an emergency loan with slick cash lenders.

Percentage of Income

If you want to get a payday loan, then you will have to provide or submit your pay stub from your employer, in which you have to show your present level of income to the lender, on the basis of which they will grant you the payday loan. Based on the percentage of borrower’s short-term income, the payday loans shall be granted to the borrower by the slick cash loan lenders. The ARP of the slick cash loan lenders is 400%, which is much better than that of the banks.

Federal Truth in Lending Act

Besides all of these, it is also important for the borrowers to know that, in a payday loan, there are high interest rates. It is because the lenders take the risk of not checking the credit score of the borrowers. Since there is no hard credit checking, so the lenders keep the high interest rate, because here the stakes are high on the end of the lender. Besides that, as per the Federal Truth in Lending Act, payday lenders also disclose their finance charges. Most of the pay-day loans are for 30 days or less, and they help the borrowers meet their short-term liabilities. With slick cash lenders, you can witness a transparent and fair lending market.

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