If you need to get fast cash quickly, you may wonder whether it is better to apply for a payday loan online or at the local store down the street with the sign which reads “Cash Advance” (or something similar).
While you may feel more comfortable walking into a store where you can speak face-to-face with the person administering your loan, there are some advantages to applying online for the loan you need.
For one thing, applying for a payday loan online often lets you receive offers from multiple lenders simultaneously. It makes it fast and easy to choose the one which will best fit your needs.
Another advantage of applying online is that it is convenient. When you face an emergency, you do not necessarily have the time drive around town (you may not even have use of your vehicle). It is much easier to log onto your computer to apply for a loan.
If you receive an offer which interests you, you can quickly conduct background research on the lender using the internet. Once you have accepted a loan, you can usually count on it to be processed promptly. Your funds will likely be deposited directly into your bank account inside of a single business day.
There may be trustworthy payday lenders located in your town, but the bottom line is that you give yourself more choices and greater financial freedom if you apply online.
Reviewed by: Casey Bond
Date Reviewed: Apr 1, 2019