Holiday Loans - All That You Need to Know
Everyone enjoys shopping during the holiday season and giving gifts to loved ones, friends, and co-workers. Sometimes you just don’t have the budget to complete your shopping list, so maybe you have thought about a holiday loan to help you get through the season. You might even use a small holiday payday loan to make that trip home you really want.
So if you are in a cash crunch, consider getting a short-term holiday payday loan to bridge the gap.
What Are Holiday Payday Loans?
Holiday payday loans are a non-traditional and attractive method to get financial assistance. If the money factor is constraining the fun factor of the holidays, then payday loans may be a quick solution. Holiday payday loans are a quick fund that you can borrow from a lender as long as you plan to repay them on the due date. It will help you with everything from a family Christmas trip to buying special gifts for your family and friends.
Why Get a Payday Loan for the Holidays?
Millions of people say they have a tight budget during the holidays, and they just don’t have enough cash to get all the gifts they want. You may not qualify for a lower interest rate installment loan, and you may not have any room on your credit card(s). However, even if you are in a bind and have poor credit, there is a possible solution, a holiday loan. Holiday payday loans are convenient, quick, and hassle-free.
Things to Consider Before Getting a Holiday Loan
Online holiday payday loans are the best solution if you are in a financial emergency. However, you should consider a few things before requesting one.
- Do not get a holiday payday loan unless you need a small amount of cash, and you can pay it back on your next payday.
- Make sure to evaluate all the risks and costs for the loan before deciding to get one.
- Check out if your state allows payday loans, as some states do not.
- There are restrictions on loan terms in some states, so check your state’s website for information about what these may be.
How Do Holiday Payday Loans Work?
A holiday loan works like any other payday loan. It works in three steps, as noted below:
Complete an Online Request Form
Our loan form is secure and confidential. Just complete the form with all the needed information about you, your job, bank account, and references. It only takes 1-3 minutes.
Holiday Loan Fund Transferred to Your Account
If a lender approves your payday loan request, the funds will be transferred directly to your bank account. Generally, money is transferred to your account by the next business day. However, not all loan requests are approved.
Loan Debited on the Due Date
Our lenders will provide a due date for the loan repayment. Funds will be automatically withdrawn from your checking account. Just make sure to maintain the adequate balance, especially on the due date.
Eligibility Criteria for Holiday Payday Loans
There are some minimum requirements that you should meet to get holiday payday loans:
- You must be at least 18 years’ old
- You should be a U.S. citizen
- You should be employed and the period of your current job must be at least 90 days
- Net income after taxes should be at least $1,200 per month
- You should have a checking or savings account at a credit union or a bank
- Have a current telephone/mobile number and email address
Besides the criteria above, the requirements may vary by the lenders and are subject to change. Therefore, always ask your lender or the company about their requirements.
Why Choose CashOne for holiday payday loans?
You should prefer to borrow a holiday loan this Christmas with CashOne because we have high approval rates for loan requests even with a bad credit score. Our loan application process is encrypted and secure. Our payday lenders offer fast transactions, and you get holiday loans in as little as one business day at no hidden cost.
However, be sure to assess your financial status before making any loan decision. Short term loans of any kind can be either beneficial or a bad decision that may result in more significant credit problems. If you make an informed decision, you will decrease your risk and will more likely have a positive outcome.
In need of a holiday payday loan? Just fill out our short loan request form, and we will refer your request to more than 120 licensed lenders. It’s easy, fast, and secure with CashOne!
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