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Get 3 Month Payday Loans Online | 123 Money Loans

What is a 3 month payday loan?

A 3 Month Payday Loan is practically the same as a traditional Payday Loan. Most Americans unfortunately do not even have $400 in emergency expenses, so in the event of a difficult life situation, they absolutely cannot cover the costs on their own. If they are tired of paying a fine, utility bills, repairing a car or buying food, they are looking for the right type of financing. Unfortunately, there are not many options, especially if you have a bad or poor credit history.
However, the 3 Month Payday Loan is a good solution that can help you get fast funding for any need.

How does a 3 month payday loan work?

If this is your first time with Payday Loans, you should understand how it works before applying. The process is quite simple, you fill in the application and wait for a response from the lender. You can fill out the form both online and offline. If your application is approved, he will contact you directly to discuss the terms of the loan and its repayment. You can also ask the lender all your questions. After signing the contract, the money will be transferred to your bank account within the next business day. If you applied offline, you will be able to receive a cash payment.

Getting 3 Month Payday Loan Today

Now getting a 3 Month Payday Loan has become as simple as possible, as people can fill out a simple and convenient form both online and offline. However, applying online is the easiest and fastest way to get funding at the moment. Below you can learn the basic steps:

  1. Application. Explore the various loan offers in your state of residence and choose the one that suits you best. After visiting the website of the selected lender, fill out a simple and convenient online application. You will need to provide basic information about yourself such as name, address, income, etc., after which you can submit the form.
  2. Approval. In order for your application to be approved, you must meet the minimum eligibility criteria. Most of the time you will get a response within just one day! Next, the lender will contact you to discuss the terms of the loan.
  3. Financing. Before signing the contract, you can ask the lender all the questions you are interested in and make sure that this offer really meets your needs. After signing the contract, you will be able to receive the money to your bank account within 1-2 business days and dispose of it at your discretion.

 

Fill out a simple form to get your money - it takes only a few minutes.

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3 Month Payday Loan Advantages

Of course, before applying for financing, it is very important to study the various loan offers. The benefits will help you decide if a 3 Month Payday Loan is right for you or if you should choose another loan:

  • A simple and convenient application that will not take more than 10 minutes
  • Completely online funding
  • Same day approval
  • Fast financing directly to your bank account
  • Longer payment terms
  • Money for any need
  • Bad credit is not a problem

What are the requirements to get a 3 month payday loan?

Although payday loans are known for their easy application, you still need to meet certain lender requirements in order to get a loan. Explore the main ones:

  • You must be at least 18 years old
  • You must be a citizen of US or an official resident
  • You must have a source of income
  • You must provide proof of income
  • You must have an active bank account
  • You must have a government-issued ID
  • You must live in a state where 3 Month Payday Loans are available.

How Much Does A 3 Month Payday Loan Cost?

Since 3 Months Payday Loan is available even to borrowers with bad credit, lenders want to offset the risks with high interest rates. Most often, you will have to pay between $15 and $30 for every $100 you borrow. In addition, your lender may charge additional fees and charges.

Payday Loan Calculator

Your $500 loan + $79 fee = $579 Total*

* The total cost of borrowing the stated amount at the average (or required by your lender) APR is the amount you must pay back over the period of the chosen term.

Interest rates and fees can vary depending on the lender and state law. You should always check the finance charges in your loan agreement before signing it.

Bad Credit 3 Month Payday Loan

A large number of borrowers missed loan payments at least once in their lives, which negatively affected their credit history. That is why there are more and more requests on the Internet such as “can I get a 3 Month Payday Loan with bad credit” or “how to find a Loan without a credit check”. The good news is that you can get funding even if you missed payments in the past.
Payday direct lenders understand that it is people in an emergency who often apply for funding, which is why over 80% of applications are approved. Moreover, more often than not, most borrowers do not request a traditional credit check at all. So you can apply and get paid even if you missed payments in the past.

What Should I Know About 3 Month Payday Loan?

3 Month Payday Loan is a simple short-term type of financing that is designed to allow a borrower with any type of loan to quickly apply and receive money to meet any need. In fact, 3 Months Payday Loan is the same as the traditional Payday Loan, the only difference being the term of the debt repayment. While a Payday Loan can be a quick and easy solution, a large number of people are unable to pay off their debt on their next Payday. 3 Month Loan solves this problem, as borrowers have more time to pay off the debt.
The loan amount is most often between $100 and $1,000, but you can find a lender who will offer around $1,500. The loan is repaid in regular monthly installments over 3 months.

Generally, the loan amount may differ from state to state. However, most 3 Month Payday Loan lenders offer loans ranging from $ 500 to $ 5000. If you need more than $ 5,000, you can find a payday loan lender who will offer you loans up to $ 10,000. You can discuss all questions on the loan with the lender directly before signing the contract.

Typically, many potential borrowers are concerned that they might not get a loan due to bad credit history. As a rule, traditional lenders may reject your application if your credit history doesn’t meet the requirements.

However, if you are applying for a 3 Month Payday Loan, you do not need to have an impressive credit rating. Anyone can find themselves in a difficult financial situation, even if their credit score is not a role model. Most often, the request is processed very quickly and you will be assisted throughout the process. Thus, even if you have a poor credit rating, you can get a payday loan, however, you will have to pay a higher interest on the loan than a borrower with good credit. However, you can compare offers from different lenders and find a loan with the most favorable interest rate on the loan.

While the 3 Month Payday Loan can be a good solution, it can also have some disadvantages that you should be aware of before applying.
First of all, when choosing financing, pay attention to the cost of the loan, as the interest can be as high as possible, which will lead you to a debt hole from which it will be difficult to get out. In addition, choose a lender with a minimum number of payments and commissions, which can significantly increase the cost of the loan. And besides that, make sure you can really pay off the debt before you apply.

High annual interest rate. Since this loan is unsecured, you do not need to provide collateral in order to be approved. However, if a lender approves a borrower with bad credit without collateral, he must be sure that borrower will pay the loan on time. Еhus, the high interest rate is a kind of guarantee for the lender.
Short terms of payment. Although you have 3 months to pay off the loan, some people think that this is not enough and cannot find the necessary money to pay it off. In this case, you better find an installment loan so that you can repay it.

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