what is a payday lender

What Is A Payday Lender?

We all face occasionally financial struggles, and looking for options may lead us to wonder what is a payday lender? The question may result from seeing terms such as fast payday loans Florida or payday advance online.

Are these loans that are somehow connected to your pay? And how do payday lenders operate? Well, the answers are simple. Let’s start with a basic understanding of:

What Is A Payday Lender?

A payday lender is a company that specializes in small loans for emergency expenses. In Florida, you will find many branches of Fast Payday Loans, Inc. all over the state. In these branches, you will find people who know that when you need money, you need it quickly.

That’s why the payday loan process was streamlined, and the requirements are kept very simple. So the simple answer to what is a payday lender is that such a lender would act like your “Financial 911” – when you’re short on cash and need help now, you can just give them a call.

What Is A Payday Loan?

A payday loan is a quick, short-term loan that doesn’t require any collateral or even a high credit score. You just need to present your pay stub or other proof of income, along with a few other documents, and you can get your money within the same day.

Most banks don’t offer payday loans. This type of loan is usually offered by a local payday lender, such as Fast Payday Loans, Inc. in Florida.

Who Is A Payday Lender I Can Trust?

Just like with all matters concerning money, you need to be careful about who you trust. Some of the things you can look for to make sure the lender you work with is legit are that:

1. They Have Both Online And Physical Locations

Fast Payday Loans, Inc. has a website so you can inquire online. This makes it more convenient for you to learn about payday loans, without having to line up at a bank. You have better things to do with your time!

However, Fast Payday Loans, Inc. also has several branches all around Florida. That’s a sign of a legitimate business that is authorized to operate in the state.

This will be in contrast with illegitimate lenders who may only have a website and an email. They don’t have a business office, because they don’t want you to be able to trace them. Some of them may put a fake business address. So, it’s simply better to go to a more established payday lender.

helpful customer service a payday loan office

2. They Have Responsive Customer Service

Another sign of a legitimate and efficient payday lender is that they will go out of their way to explain the loan to you, answer your questions, and help you through the process.

If they’re vague, tight-lipped about information, or take days to reply to your questions, then it may simply be difficult to work with them, if not impossible.

That’s why Fast Payday Loans, Inc. set up the application process so that the loan representatives call you as soon as you submit an online inquiry form. Even before you step into our branch, we want you to be able to ask any question. We also feel that personal communication is better than making you read online FAQs.

3. They Release The Loan Quickly

When you qualify for a payday loan through Fast Payday Loans, Inc., you will find that the in-person process is completed in just 30 minutes. And when you’re approved, you get your money the same day or the following business day.

This will allow you to address any financial emergency quickly enough before it gets more complicated.

What Is A Payday Lender Near Me, And How Do I Apply?

Wherever you are in Florida, you are likely to find a Fast Payday Loans, Inc. branch near you. These branches offer a smooth and simple application process in the state. That’s why they are called fast payday loans!

man got a fast payday loan in florida

The Payday Loan Requirements

You can apply for a payday loan even if you have bad credit. You just need to be at least 18 years old and present a government-issued photo ID, your most recent pay stub, a blank check from an active checking account in your name.

The Payday Loan Process

To start, you can fill and submit the online inquiry form for quick payday loans, then wait for the call of one of the loan representatives from Fast Payday Loans, Inc.

After they explain the payday loan process to you, you can go to the nearest Fast Payday Loans, Inc. location to complete your process.

Remember to bring your ID, pay stub, and blank check with you to the branch. One of our loan representatives will then verify the items and then help you through the next steps if you qualify. If you’re approved, you get the money the same day or the following business day.

Ready To Give Payday Loans A Try?

If you never got a payday loan before and you’re curious to give them a try, or if you have any questions, from what is a payday lender or how the payday loans work, just reach out through the inquiry form above. Fast Payday Loans, Inc. representatives will be happy to help!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.