Payday advance is a very popular financial service in Minnesota. This state gets it unique name from the Dakota word “minisota” meaning “water that reflects the sky”. This state is situated to the North of the USA and is ranked 12th among the largest states in the USA.
It measures 225,181 sq km and harbors Lake Superior within its boundaries. Besides its beautiful scenery, it is also known for its favorable financial transactions such as cash advance and payday loan.
A payday loan in MN refers to a short term financial arrangement that is repaid by the borrower using his or her paycheck. The borrower is loaned a certain amount of money in advance of his or her paycheck. This agreement is set to last for 31 days or until such period as agreed by both the lender and the borrower. The amount to be lent and the payment terms are also agreed upon. It is therefore a voluntary process that offers every willing individual an opportunity to have a fast and affordable means of financial relief.
One such company that deals with payday loan in Minnesota is the Payment loans Duluth. This is the company that helps you stop depending on one paycheck to another. It only puts into consideration the fact that you are able to repay the amount you borrowed and that you are employed. Once it has established these two, it will allow you to secure that amount you are eager to have.
It has a huge network of lenders who are always happy to assist you and answer to any financial questions you have. It is the best place to go if you are trying to rebuild your credit. This is because unlike other lending companies, Duluth MN will not ask you to avail your credit history. Further, you can still apply for a loan even if you are bankrupt.
To qualify for a check advance loan with Duluth, the amount of money you take home after paying all your taxes should be at least $ 1000. Further, your wages or salaries should be deposited into a checking account that it will be able to debit. Again, Duluth recognizes the need to lend money to individuals who are above the age of majority and because of this; you should be at least 18 years old to be eligible for a loan. One other requirement is that you should not be employed with the Army, Air force, Navy or other branch of the US Armed Forces.
The time taken to approve your application is no more that two hours. It is therefore a very fast way of paying your bills. The transfer of money after approval takes between one and 3 days depending on the lenders transfer policies. You are also not required to pay any fees when applying for the check advance because this is most times catered for in the loan.
Apply today with us Simply fill out the application form and get your money fast and easy.