How to Go About of Getting Payday Loans Vancouver
Many at times people find themselves in financial situations that that cannot be solved without borrowing money. Good thing there is a way to get money without having to think of the hassles you will have to go through in thinking of another way to pay that money back. A payday loan is a short term loan of a particular amount of money which is supposed to be paid back by the next payday. Getting this Vancouver loans services is easy. Many people in Canada have opted for this as it has proved to be one of the most believable money lending expedition. There are no strings attached. Everything that is offered is true and straight to the point.
The first benefit of getting payday loans Vancouver in Canada is the fact that almost anyone can qualify. There is no reason for the loaner to deny you the payday loan for as long as you meet the entire requirement. The first requirement is pretty basic. For you to get any loan it must be proved that you have a steady source of income. For the payday loans however, one needs to be employed. Unfortunately for some money lenders, when one is self-employed they may not be able to get a payday loan. This goes for those who work on commission as well as it is not assured that they will have been paid at the due date.
Apart from having a job, one also has to have worked in that job or have been with their employer for more than three months. This is because most people who are new to a job are either in training or in probation. The lender cannot be assured that the borrower will not be let go by the time the loan is due. One should not lie about the details of employment as the lenders do check on the information they are given and if it is found out to be false, it will be considered fraud. Other than that having a steady job is basically the first and most important step to getting payday loans Vancouver in Canada
The next thing they will have to ask you is whether or not you have an active checking account. This is because once you have been approved to get the payday loans Vancouver, the money will be sent directly to your checking account. There will be no need for you to go and collect the money. The transaction will happen without you having to leave your home. Also you have to be using that account for your salary transactions. This means that you have to be paid by direct deposit into that account. This happens so that the bank does not have to hassle you but will just take back the money from the account once the due date arrives and you have your pay.
You will also have to have a salary income that is worth more than what you want to borrow, most lenders often have a minimum requirement of 1000 $ per month. This is because they deal with payday loans Vancouver that amounts to a lot more than that amount. You should also have an active home phone number which you can be reached at. They may need to contact you when there is a problem or just to remind you that the loan is overdue if your paycheck arrives late. They may also use the number to inform you that your loan has been cleared and you are able to re-loan or re borrow the money if you want as that is also possible.