Payday Loan

Payday Loans the right way

If you're employed but struggling to make ends meet, or need a relatively small amount of cash in a hurry, you may want to consider a Payday loan from LoanMerica.

A payday loan is a small, short-term, unsecured loan that's designed to give you the cash you need in a right away. As with most other reputable lenders, LoanMerica will require verification of employment, and the loan will be due when you receive your next paycheck. Your credit score may also be used to determine your interest rate and your ability to qualify.

LoanMerica will help you determine which method of payback works best for you. Your options include repaying the loan in person, post-dating a check, or direct deposit to your account with electronic withdrawal by LoanMerica on your next payday. Obviously, it's in your best interest to have the funds available to repay the loan, because failure to do so could lead to additional charges such as bounced-check fees or increased interest payments.

Payday loans typically come with higher interest rates than other loans, and are expected to be paid back promptly. However, many borrowers who choose payday loans have tried other avenues, and they still need the money. So be sure not to borrow more money than you can cover with your next paycheck.

As a reputable, experienced lender, LoanMerica can be counted on to treat you fairly. If you're short on cash, whatever you do, make sure you are not misled by ads from shady lenders who will charge you exorbitant interest. LoanMerica's rates are more than competitive, and you can always count on us to help you understand your loan options. And since payday loans are no more risky for lenders than many other types of financing, you may discover that a payday loan offers better terms than you thought.

Give us a call today at (800) 391-9310, and we'll help you understand your options.