A 500 dollar loan is a lot of money that can be used to pay some outstanding bills or a birthday present for your loved ones. A short term $500 payday loan is technically unsecured, which means that it is taken out on your promise to repay the loan at your upcoming payday. It is usually about two or four weeks before you have to pay it back in full. The word ‘unsecured’ is not necessarily correct in this context. Although you don’t have to provide any collateral or have guarantors to endorse your loan, in fact, you have to secure your loan against your paycheck.
By using the application form found on this website, you agree to submitting the form to a very large network of lenders, who start bidding for your application. They may offer different terms and conditions, which you can either accept or reject.
A $500 payday loan is one of the most popular loans among borrowers. Most people can easily afford to repay the loan in a lump sum. Lenders are very eager to accept application and approve them very quickly, almost on the spot.
Once you have applied for a 500 dollar payday loan, you must patiently wait for a few hours before you hear directly from the lender who has won the application auction. Online lenders are becoming more and more competitive by offering lower interest low fee loans. Although online payday loans are still more expensive than at conventional banks or credit unions, they are getting cheaper and cheaper over time.
Many lenders approve 500 dollar payday loans without verifying your employment or running a credit check. Of course, there are some who perform these checks as part of their approval process. That is up to individual lenders to follow their internal lending policies.
People with bad credit can apply but they must remember that lenders are under no obligation to approve them for a loan. Many bad credit applications are approved for a 500 dollar payday, provided that the borrower has a satisfying income.
Anyone applying for a $500 payday loan must take necessary precautions to pay the loan back on time. That is extremely important. A failure to do so may result in aggressive actions on the part of the lender trying to get back the cash advance lent.
Although we bring you one of the largest networks of legitimate lenders, 1500 Online Loans can’t guarantee that they are very nice guys. Before accepting conditions, you should negotiate to get the best deal or the deal you can afford. A loan negotiation is a normal part of the process.
You can get a 500 dollar payday loan quickly, but make sure you get the terms and conditions that will make the repayment affordable and as easy as possible.