Are you need for some extra cash? Want to pay your bills or buy that product you always wanted and can’t wait to get your hand on it? Whatever your requirement is, there are some great Payday Loan alternatives that will provide you the cash you need without having to worry about the overdraft fees.
Here are the 6 apps that loan you money now. They are a lot better than the traditional Payday Loans.
1. Earnin
If you in an emergency and can’t wait for the next payday, you should definitely consider installing earnin on your phone. Earnin is an Android app that loan you money after calculating the hours you worked at your regular job. All you have to do is connect your bank account and tell them where you work. You can cash out whenever you want. Earnin will automatically debit the amount you cashed out on the next payday.
2. PockBox
PockBox is another app that loans you money up to $2,500. Once you enter your basic details in the app, PockBox will immediately connect you with the suitable lenders in your area. They will find the lender who is suitable for your needs. The online form takes just 5 minutes to complete. You don’t have to visit any store to request loans now. Everything can be done form the comfort of your home.
3. LoanSolo
LoanSolo is an Oakland based company that has been helping people in financial need since the year 2005. It connects you with the network of more than 300 qualifies lenders who are more than capable of providing you the emergency cash that you need. To get started all you have to do is fill out an online form with the amount you need. You can enter any amount up to $1,000.
4. DailyPay
Like Earnin, DailyPay app also gives access to your earned but unpaid wages before your next payday. To get started, fill out the application form online informing them where you work and what your wages are. After you are done with the day, DailyPay app will calculate your wages and make them available for you to cash out. Similar to Earnin app, this app will debit the cashed out amount from your bank account on your next payday.
5. Rainy Day Lending
Rainy Day Lending is an app that can loan you money up to $50,000. It is not a lender but connects you with hundreds of lenders it partners with. This is one of the best online loan apps for people seeking a short term loan. Moreover, you can request anything from $100 to $50,000 depending on your current income.
6. Dave
Dave app is owned by Mark Cuban–one of biggest entrepreneurs in America. Mark got inspired to invest in this app because he liked the idea of not getting crushed by an overdraft fee at a young age. This app is a lot different than other apps in this list. It is more complete as it also helps you to plan for upcoming expenses. Moreover, Dave lets you borrow up to $100 per day anytime you are in need of some extra cash.
Conclusion
While borrowing money from lenders, make sure to read all the terms and conditions they may have for you. Also, don’t forget to pay your bills on time. It’s better to know in advance how you are going to be paying the loan back. This will help you be confident throughout the process as there is no shame in borrowing money.