In spite of the fact that we are all up to our necks in work, my colleagues and I never fail to have chit chat every single day. I suppose that that is part of our routine to bust the inevitable stress that we all feel as the day goes on. We talk about anything and everything under the sun, but more often than not, the talk goes around to money. I guess that is part and parcel of everyone’s lives as well, isn’t it?
Today, we found ourselves talking about the lotto. The jackpot is up for the taking and while we never really waste our time playing the lotto, our circumstances these days might just push us to do so. For many, the hope of winning the lotto jackpot is the only option to get rich instantly. The chances of the average person winning the lotto are quite low, though.
So, do we have any alternatives for instant money? One thing is to get a payday loan. This is a short term loan that was designed to provide for the urgent needs of the average person – instantly. A payday loan is quite similar to other types of loans that you can find in the market actually. There are some marked differences, however, that make a payday loan ideal for emergencies.
One of these differences is the fact that it is very easy to get approved for a payday loan. The truth is that there are requirements for an individual to get approved for one. These requirements are so basic and easy to meet, though, that it is almost as if the payday loan lenders are giving their money away. What are these requirements?
First, you have to be at least 18 years old. Second, you have to be citizen or a resident of the United States. Both of these requirements should not come as a surprise as they are almost always requirements for any kind of legal deal. The third requirement asks borrowers to have a current bank account. This is important because most payday loan lenders operate online. This means that the transactions are processed in a much shorter period of time, and this includes the fact that the money that is being borrowed is merely deposited into your bank account. The last requirement is one of the most important – if not THE most important: you have to show proof that you have money coming in at regular intervals. All that you need to do is furnish the payday loan lender with this proof and you will be good to go. The proof can come in the form of your most recent pay stubs if you are employed. If you are self-employed, you may use your financial statements in order to prove that you have a regular source of income.
Now for the instant part. Since everything is done electronically, transactions are much faster. You can get approved within an hour, even minutes. And from the moment you get your approval, you can get the money in your bank account with the day!
Better than hoping to win the lotto, huh?