Who has never been through an unforeseen raise your hand? Controlling money can be a challenge and then, when that snowball comes with bills and installments to pay, what to do? Here are tips on how to take out a payday loan without weighing your pocket. So do not wait, search by payday advance near me and get the right direction.
First of All Organization
Sometimes the payday loan may seem like a solution to solve other debts, but it is actually a credit that should be used for investment. The loan is like renting money and the ideal is to pay installments that fit in your pocket, considering the interest. This means that if you are considering applying for a loan from the bank, it is good to keep an eye on three things:
- If the loan matches what you need
- Whether you will be able to pay the installments
- If the interest rate is attractive
Ideally, the loan is used for some investment that will pay off later, such as setting up a business. Will the credit on that loan solve your problem and what next month? You need to put everything on the tip of the pencil, especially people who have variable income.
Loan for Retirees
The payday loan is directed to retirees, pensioners and civil servants, deducting the installments directly from the benefit. Applying for a loan on this line is much easier because there is a guarantee that this audience will receive payments every month.
If you have followed the latest news about the payday loan, you already know that there was a provisional measure, which expands the payday loan margin for retirees and pensioners of the National Social Security Institute for 40% of the benefit amount, 5% of which are used for withdrawals and credit card payments.
This new limit applies to loans requested until December 31 of this year. This means that the interest rate, which was already very attractive, has gotten even better. Each bank offers an interest rate with some differences and it is important to pay attention because they can weigh on the installments later.
Simplicity to Follow
It is also worth mentioning that the monitoring of the loan situation for retirees can be done in a very simple way through the application. There, just log in to https://www.advancenearme.com and look for the option “Loan Statement”, which is on the home page, to access the information.
Speed To Have the Right to Ask
Another point worth mentioning is that it used to take three months for the beneficiary to apply for the payday loan. Now, the deadline has become even shorter, requiring only 30 days as a retiree to apply for coverage.
Ease of Approval
The institution is guaranteed to receive, as there is retention of the retirement value and this eliminates many bureaucracies. In practice, the release time usually does not exceed 3 to 5 days, so in case of extreme need. It is a very quick solution. Among the benefits of having this option, the most attractive interest rate stands out: the installments of this loan, therefore, are fixed and if the beneficiary wants to, he can anticipate payments. Imagine an unforeseen moment, which generates an unexpected expense. If you have nowhere to get these resources, the retiree loan is an excellent alternative to make life easier.