Whenever you are trapped in a financial crisis, you hope that a small cash loan will help you escape it. However, you cannot always count on financial companies if you are not aware of the right funding sources. If you apply to credit companies that are rigid, just like the traditional lenders, you will keep complaining, “I need a payday loan, but getting refused”, but cannot access emergency cash.
There can be two reasons why you are declined payday loans. One is related to your credit score, and the second is your income level.
Some lenders do not accept bad credit scores, and if you are with an imperfect credit rating, no matter how small the amount you request, they wouldn’t trust you with the repayment. Some other lenders do not accept your application if you do not have any prior credit history. That also does not tell anything about you as a borrower.
The other issue some lenders have is borrowers’ low income level. Some lenders do not give you more than $500 if they think that your income is not sufficient to make the payment by the next payday- here, the term of the loan is the actual issue for you as a borrower.
How to Qualify for a Cash Loan with Monthly Payments
There are 3 ways to qualify for a short term cash loan.
- Either make your credit perfect, which is impossible if you are in a fresh financial crisis or,
- Increase your income level, which again is not in your hand, lastly
- Apply for an installment loan from CashAmericaToday – which is possible 24/7 from your mobile or computer.
You can get cash up to $1,000 even with bad or no credit histories, and your low income level would work fine since the term lasts up to 3 months (3 small monthly payments)!
On top of that, here you get cash loans with low interest rates. Apply now for guaranteed approval!