Cleveland Payday Loan

A variety of situations can arise that can cause an individual to need extra money to cover the expenses. In Cleveland, Ohio, payday cash loans can be the answer to such financial woes. Payday loans are borrowed in small amounts and are required to be repaid by the next payday of the borrower; in this city, the amount of the loan varies anywhere from $500 to $1500. Oftentimes, the money is directly deposited into the borrower’s bank account within 24 hours of approval.  

The application process for this loan that guarantees instant cash is very simple; borrowers frequently have the option to apply online or by phone. In Cleveland, some loan providers require potential borrowers to have a legitimate banking account that has been active within the last 90 days and that has a minimum monthly deposit of $1,000; borrowers also must be 18 years of age.  

Despite the requirements, cash advance loans have one very large advantage: payday loans do not require the borrower to undergo a credit check; thus, even if an individual has bad credit, they can still apply and qualify for the loan.