Friday, July 28, 2017

4 Myths about One Hour Loans Busted

4 Myths about One Hour Loans Busted


One hour loans sound too good to be true and that is why a lot of myths have popped up about them. Before you decide to believe the negative things you hear, let us debunk those most persistent myths. From exorbitant costs to credit score requirements, and other falsehoods, we’ll give you the real truth behind one hour loans, the fastest loans you’ll find anywhere.

1. One Hour Loans Can’t Possibly Be Available in One Hour


The first myth that most people believe about one hour loans is that it is simply a like, that clever marketers came up with this name to trick people into believing that a loan in one hour is a reality when really it takes several hours. The truth is that you really can get this loan in one hour, and often you can get it in less time. Our lenders are always available, around the clock, to get applications approved and work with 90-second approval times. From the time you apply to the time you have e-signed an official loan document, it will have been one hour or less, we promise.

2. One Hour Loans Require a Perfect Credit Score


Another myth many people think is true is that to get approved for one hour loans, you have to have a great credit score. The truth is that our lenders don’t have a set credit score requirement for approving loan applications. Instead, what they do is use a proprietary calculation to get people approved, and it results in some of the highest approval rates in the business. Your lower credit score will not disqualify you from getting approved for these loans. You could have a bad score, but a great job history, and that will be enough to get you approved for the loan.

3. One Hour Loans Are Super Expensive


Our one hour loans do have higher interest rates than some other loans. This much is true, but that doesn’t mean they are too expensive. These are not loans for wealthy people; they are for ordinary, hardworking people with full time jobs. That’s how people are able to afford these small loans; they work for a living. The rates are a little higher than you might expect, but the loans are small and the term on the loans is short. This means that the ultimate cost due to interest on one hour loans is not very much. It could be as little as $15 depending on how much you’re borrowing.

4. You May Actually Have to Wait Days to Get the Cash from One Hour Loans


Some people may try to tell you that one hour loans are one hour only to get approved and that you’ll then wait days to get the actual cash. This is a myth. You get the official loan in one hour and then you get the cash by the next business day, usually in the morning. For many people this means getting the cash in less than 24 hours. This is truly the fastest kind of loan you can get in terms of getting approved and getting your money. That’s no myth.