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Payday Loans Lethbridge


What is a payday loan, and why would I need one?

A payday loan is a small, short term loan which you pay back on your next payday. The average term of a cash advance is 14 days, and a lender usually charges about 23%. Most payday loan companies lend up to $300 the first time you borrow, but this can go up to $1500 depending on your income. There are many different companies that offer this service, but it is very important to be sure you choose a reliable and trustworthy one. Focus Financial Corp. has been serving residents of Lethbridge for nearly a decade, and provides a fast and efficient service.

Payday loans can be useful if you experience a financial emergency, and don’t have the funds to cover it. They can also help if you’ve simply spent all of your money and your payday is still a few days, or a week away. The best way to use a cash advance is to only borrow what you can afford to pay back. You then repay what you borrowed, plus the fee on your next payday, and you’re done. No troublesome long term payment plans, or complicated interest rates.


How do they work?

The basic qualifications for a payday loan are that you have been employed for at least three months with the same company. You usually need to make at least $1000 a month, and your payroll deposits must be visible on your bank statement. You will need to provide the payday loan lender with certain documents, most notably the last two months of your bank statement, and your most recent paystub. The lender will review your documents and let you know if you have been approved.


Where do I get a payday loan in Lethbridge, Alberta?

The easiest way to get a payday loan in Lethbridge is to apply online with Focus Financial. The entire process takes place online, with no faxing required. There is no need to go and line up in your local store, with Focus Financial you can apply from the comfort of your own home. You can even apply from your smartphone, meaning you can get a payday loan on the go wherever or whenever you please. Just fill out the application form on the website, and you will receive an email response immediately. The whole process is usually completed within the hour. So don’t hesitate, apply today.

Payday Loans Lethbridge
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