InstantLend Shares 5 Common Myths About Payday Loans
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Payday loans are often misunderstood, and many myths continue to circulate about how they work. At InstantLend Financial , we’ve seen a lot of myths about payday loans. Today, we will break down 5 common misconceptions about payday loans and what the facts are that go along with them. Myth 1: Payday Loans Are Hard to Get Approved For Another common myth regarding payday loans is that they are hard to qualify for when you have 'bad credit'. Traditional lenders often have lengthy applications, run credit checks, and require collateral; but payday loans are different. InstantLend has simplified the application process to be fast and smooth. You can apply online within minutes and receive a fast decision, often within seconds. You won't have to deal with any complicated processes, nor wait several days for a decision. Your funds can often be sent to your bank account, on the same day you applied for it. Myth 2: Payday Loans have Hidden Fees Many people fear payday loans becau...