Welcome to Lending Booth
What is a Payday Loan?
You may have heard of a payday loan; you also may have heard of paycheck advances, payday cash advances and a myriad of other names. All of these terms refer to the same thing. A payday loan, in a nutshell, is when you write a post-dated check for the amount a lending company will loan you plus interest for the service rendered. The lender will then wire money into your account and hold the check you have written until the day it is cashable (which is after your next paycheck). The concept is simple, as is the process of attaining this type of loan. Payday loans differ from traditional bank loans in that they are much faster and easier to acquire. A payday loan does not require a credit check – you must only provide your monthly income (on which the amount of your loan is based), have a valid state ID or Drivers license and have been employed at your job for at least six months. The downfall of payday loans is their high interest rates compared to bank loans. For this reason, payday loans are considered to be extremely short term and are not recommend for long-term loans.
What is the Process?
To get a Payday Loan from LendingBooth.Com start your application online, over the phone, or at any one of our Nevada locations. Once you have been approved your cash can be picked up in store.
Requirements for a Payday Loan:
- Open Checking Account
- Proof of Income
- Government Issued I.D.
- Not on Active Duty in Military
How Much Can I Borrow?
You can apply at Lending Booth for up to $1000 online. In some cases you may be funded this amount but this depends upon the criteria you enter when completing an online application which will be analyzed by financial institutions who make decisions regarding your loan request. Your borrowing history will determine the amount of your loan. If you have a frequent borrowing history in good standing you may receive the maximum amount of $1000.
How Much Does it Cost:
The cost of your loan will depend on may different factors which will be disclosed to you upon approval. Your are under absolutely no obligation to accept the terms and conditions of any loan approval document which will be presented to you upon completing your online loan application. LendingBooth does not charge you for making a request for financial assistance. Your application for a payday loan costs nothing to submit at Lending Booth
So, if you’re having money troubles, you really don’t have anything to lose. Fill out our application today! You can have cash in the bank and remove all your stress in only a day’s time. Give it a try.