Payday loans are quick loans that can be obtained in a few minutes. They are allocated by Good Finances or other loan companies that do not set such stringent requirements for their clients. Their most characteristic features are a short loan period and a low minimum loan value.
Although there are companies that offer payday loans for higher amounts, in most cases loans are granted for amounts between USD 1,000 and USD 5,000, which must be repaid within a month / several months.
It is possible to obtain both smaller and higher funds, but you must be aware that the higher the payday value, the higher the Good Finance will be – one of the conditions may be, among others third party surety.
Installment payday loans and loans are available, payable after one month. You should know that the interest rate for this type of debt is usually higher than for a bank loan.
This is due to the fact that Good Finances do not require security from their customers or the security is low. Some of them, however, offer payday loans without interest .
How to get payday loans without certificates?
Most loan companies offer payday loans as proof without certification. What does it mean? That the borrower does not need to provide documents such as an employment contract, income certificate or bank statement.
All you have to do is report to the registered office of the selected institution with your ID card or complete the application online (then a copy of the document is sent electronically).
Depending on how you finalize the contract, the money can be delivered in cash or sent to your bank account.
Free first payday loan – what is it about?
Many Good Finances offer loans for free to encourage you to use their services. What are they about? The first interest-free loan has no interest – the customer pays exactly the same as what he borrowed . APRC, i.e. the Actual Annual Interest Rate, in this case is 0%.
The first loan for free is usually available for USD 1,000-3,000, and the loan period is one month. Most importantly, there are no commissions or hidden fees.
First interest-free loan – for whom?
The first interest-free loan is intended only for new customers of a particular Good Finance. It’s a quick way to fund your home budget at no cost. However, you should be aware that each subsequent payday pay will already be taken according to the standard price list.
In addition, some companies offer the first payday loan without interest on installments – thanks to this it is possible to obtain a larger amount that can be repaid in a few months, without damaging their financial liquidity.
Free payday loans without Good Finance Credit Information
The Credit Information Bureau , or Good Finance Credit Information, is a banking system that stores information about borrowers .
There you can find data on current liabilities or already repaid loans (in this case they will appear when the borrower has given his consent to build creditworthiness or when he has significantly exceeded the time of repayment).
Banks, regardless of whether they decide on a mortgage or a cash loan as proof, always check the customer’s history in Good Finance Credit Information and any problems with payments may be a reason to reject the application.
If you are concerned that this system may display information about your arrears, you can download your report on the Credit Information Bureau website for a fee .
However, for loans for free it is not necessary – Good Finances are not able to check your arrears in Good Finance Credit Information – only banks have access to the database.
Some loan companies verify clients in other debt registers, but this is not done for the first payday loan for free.
How to choose a free payday loan online?
To choose the best free payday loan online, it’s worth using the help of loan comparison websites. How do they work Just specify the amount of the commitment and the repayment period for the fully automated tool to generate a list of offers tailored to your needs. To find out which one applies to interest-free loans, select ‘free first loan only’.
The list of payday loans includes information such as the company name, loan amount (the maximum amount of debt is also marked), repayment period, cost (as a percentage by RSSO value), total repayment amount and loan installment amount.
Thanks to this, all the most important data are listed and comparison of offers is simple and quick.
After choosing the payday loan, check its terms carefully and read the contract. It is also important to decide to make a commitment only with proven loan companies that have good reputation.
Thanks to this, you can reduce the risk of being exposed to payday loans with additional, high fees that you do not realize when you make decisions.
Ranking of payday loans
A good way to find an affordable loan is to use payday loans rankings. It is important to check them only on independent financial services, and not on websites that are created with a particular Good Finance in mind.
In the quick loan rankings, the basic terms of the commitment are analyzed, only the most advantageous offers are selected, which are then sorted in the order from the most to the least attractive.
What needs attention is the date the ranking was created. The terms of online loans are changing so fast that checking data even two or three months ago is a purposeless operation.
Payday loans Good Credit, Good Finance often appear in the rankings. They are leading loan companies on the market, which are used by many people.