Need QUICK CASH? Online payday loans now with GREEN TOUCH and get up to $1000 dollars. Bad Credit borrowers may apply! Get your loan now!
Online payday loans are small, short-term loans, that can provide you with a convenient source of funds when you need it most.
No application fee
Receive funds directly into your bank
ONLY THREE EASY STEPS TO SUCCESS
1
Fill out the form
2
Sign Your Loan Docs
3
Receive Funds
How Payday Loans are used in the USA
What is it?
Instant emergency loans might also be called any of the following:
- A cash advance
- Payday advance
- Internet loans
- Paycheck advance
- Quick cash loans
- Bad credit personal loans
All these names refer to very short term loans falling due on the date of the recipient’s next salary. For this reason, they are generally not available to the unemployed. If you are unemployed you might want to consider a pawn broker or lodging an asset with a friend or colleague as security to borrow from them.
We refer you to direct lenders who only need to assess borrowers’ ability to repay using factors such as income, address, age, bad credit history and a few other factors. However these loans do carry a very high interest rate because even small loans are potentially very risky for lenders and this risk must be built into the ultimate price of the debt. In fact studies by the FDIC have shown that pay day loan fees are not out of line taking account the operating costs and high default rates.
Green Touch also offers Installment loans and Title loans for customers who would like longer repayment periods and we also offer a Merchant cash advance option for companies needing short term funds. Please follow the links provided for more information or to apply.
A common misconception among borrowers is that no credit check is generally required, but lenders may query various consumer databases, such as CL Verify, TeleTrack or DataX in order to verify your identity and review your personal loan history.
Why are they needed?
Imagine your car has broken down and you can’t get to work resulting in loss of income or even loss of your job. Now imagine you don’t have a bank overdraft facility. What should you do?
And How?
Via cell phone or PC, fill our 5-minute easy application form. The form will be submitted to multiple lenders who make an instant decision. Generally speaking, lenders know within a minute or two if they will approve you. If your application is accepted the funds will be transferred immediately to your bank account, allowing you deal with your financial emergency.
If you find yourself in a situation where your debts are spiraling, you may want to consider Green Touch’s “rescue” payday loan consolidation which should result in lower costs going forward.
What kind of people take out Payday Online Loans?
Statistically, the largest group of borrowers are women in their 20’s to 40’s. Borrowers tend not to have attended higher education, are separated and earn below $39,000. Many applicants have bad credit ratings.
Often traditional lenders need security for a loan but payday lenders base their decisions more upon wages and as well as other factors. This is because your paycheck is their security, and whilst it won’t always be possible for them to debit the full amount this is considered sufficient collateral.
Whilst in some cases not it would not be entirely sensible, short term, high interest loans tend to be used for medical emergencies, heating repair, vehicle repair, rent bills, utility bills, overdrawn checking accounts, travel costs, funeral costs, repaying other creditors, obtaining further funds after credit cards reach their limit, or even posting bail.
What does it cost?
The amounts borrowed tend to be between $100 and $1000. Borrowers needing higher amounts should apply for a lower interest installment loan. The annual percentage rate ranges from 261% to 1304% and is determined by the duration of the debt. Whilst these rates seem prohibitive over a year, these loans are intended to be made for less than 60 days. The costs of the advance when used properly cover the risk of non payment and also the administrative costs of maintaining the relationship with the customer.
In the United States?
At the time of writing pay day loans are allowed in 27 states with a further 9 allowing lending in one form or another and the remaining states have banned this kind of lending altogether. Whilst government regulations are made to protect unwitting borrowers from themselves, banning such activity simply reduces the options available to borrowers. Many Americans say they are living paycheck to paycheck and are literally one unexpected setback from financial disaster. A quarter of Americans say they have no savings at all and their main aim is keeping up with their current financial commitments.
Understandably with such statistics payday lending has exploded to meet the demand as there is often no one else to turn to in a time of need. As a form of cash advance s payday loan is an important tool in the financial ecosystem when American borrowers have nowhere else to turn
At Green touch we are proud that we can help out so many people with cash advances. We inform borrowers of the potential pitfalls of an online cash loan, enabling you to make an educated choice.
Things you should know
There are many ways in which people with malicious intent can take advantage of you and your need for a quick loan. To protect yourself, always ask for a license (licensed lender). Licensed business must comply with state laws. You should also watch out for hidden fees and read the terms presented to you carefully before signing anything.
Make sure you’re in direct contact with your lender. It’s much easier to deal with a lending company if you can speak directly to representatives on the phone. It’s important to know that though there are many unscrupulous payday loan companies. A direct lender of payday loans is a great service if you can find the right company with a track record of customer satisfaction and honest business conduct.
How to report a scam
You can report payday loan scams to the Department of Consumer Affairs in your state. You can also report offenders to the federal Department of Consumer Affairs. However, it makes the most sense to have the state department consider the violation since lending laws are set at the state level. You should submit your report in writing and keep a copy of it for your personal record. You should have a response from the department verifying receipt of your report and an on-going investigation within a few weeks.
Eligibility
Eligibility
As with other types of loan from other lenders, you need to meet certain criteria in order to qualify for loan from Green Touch. You must typically:
a) Be a US citizen
b) Be 18 years or older
c) Have a checking account with direct deposit eligibility
d) Have held steady employment in recent months
The majority of lenders – including banks and other financial institutions – require these four criteria. A checking account that receives direct deposits is typically a requirement, as this is the way your loan will be paid to you. Proof of steady employment is usually required so that the online lenders are confident that you can repay your loan on time.
Benefits
Benefits of payday loans
Millions of Americans are struggling with money troubles. Unemployment levels are high due to the recession and many of those who are employed live from one paycheck to the next. For those whose money barely stretches from one payday to another, an instant cash advance could be the ideal solution. Benefits include:
1. Borrow just the amount you need – For instance, if you need to pay $300 in auto repairs, you don’t need a $3,000 loan from a bank. You can borrow even less than $300 from Green Touch. The less you borrow, the easier repayment will be.
2. Repayment is quick and easy – It’s easy to set up a simple method of repayment. At the end of the quick and easy application process, you’ll be given a timeline for repayment that usually fits in with the dates of your paychecks.
3. No long-term agreements – Once you have repaid in full, the transaction with the payday loan lender is over. This means your relationship with your lender can be complete within weeks of applying and receiving your direct deposit into your bank, with no lingering obligations.
Popularity
Popularity of online payday loans
A growing number of people are turning to online pay day loans because of their ease and convenience. Instead of going to speak to a lender in person, applicants can complete the entire process from the comfort of their home. With Green Touch, you don’t even need to fax any documents – the application can be completed in full as long as you have access to a computer and an internet connection.
Procedure
Here’s how to get a payday loan
After entering a small amount of information, you will be told immediately if your application has been approved. It’s up to you how much money you borrow.
Upon approval, you’ll be redirected to the lender’s website where you’ll have the opportunity to review the terms of the loan. If you decide to accept, you’ll e-sign for the loan at that point.
Alternatively, you can call the number listed at the top of the page to apply. Get in touch today by calling our toll-free number and requesting a no-obligation consultation with one of our payday loan representatives.
