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The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. 247fastfunds.com is not a lender and does not make loan or credit decisions. 247fastfunds.com connects interested persons with a lender from its network of approved lenders. 247fastfunds.com does not control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender. 247fastfunds.com receives compensation from its lenders, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless, 247fastfunds.coms service is always free to you. By submitting your information via this website, you are authorizing 247fastfunds.com and its partners to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness.
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Simplified application process and instant approval. This is a good thing especially if you have an emergency. Loan applicants can apply for online loans easily and receive the funds in their checking accounts on the same business day. High approval rates, this is good. With this type of loans, most people meet the eligibility standards, so there is a more probable chance of approval. You dont get penalties for early payment. Helps build your credit score. If you are consistent and timely with your repayments, your lender may report timely repayments within a period of six months to credit bureaus. This will help build your scores. Disadvantages no credit check loans. High interest rates lenders charge high interest on these loans because they are risky. Most short term payday loans are expensive because with no collateral and a poor credit score, borrowers are view as high risk.
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