Instant cash loans are also known as payday loans. They are incredibly useful when you face sudden costs and don’t have the cash available to get by. When you apply for any kind of loan, you should expect to go through some form of assessment before your loan is approved. At Quickle, we try to make our application process as simple and streamlined as possible. In this article, we’re going over the most important ways you can avoid being rejected for a quick cash loan. We’ll start with:
Don’t try to borrow too much
Payday loans are short-term solutions. This means they are meant to be paid back as soon as you recieve your next payment from work. You should always try to borrow only what you need and avoid taking more than you can afford to pay back within the next month or two.
With these kinds of loans, we look at your current level of come and make you a loan offer that we think best falls within your range of affordability. If you insist on requesting more than what we believe is appropriate for your circumstances, we may be forced to turn down your application. That doesn’t mean you can’t apply again in future, we just need to ensure that we always encourage customers to only borrow the level of funding that they need urgently.
Be honest with your records
When you apply, you’ll need your government issued ID and most recent bank statements. If we believe either of these documents is forged or inaccurate, we won’t be able to accept your loan. Make sure your ID is up to date and hasn’t expired. Also make sure that the account details you give us access to are your most recent records that show your income level clearly.
Sometimes when you find yourself short on cash, a quick cash loan can be your best option to make it through your situation as convenient as possible. The last thing you want is for any part of the process to be delayed. Get these crucial documents in order before you apply to ensure your application has the best chance of being accepted and processed without issue.
Be upfront with your intentions for the funds
Payday loans are for emergencies. These cash loans are not suitable for unnecessary personal purchases or for paying off other bills to get you out of debt. You should only be using the money for an urgent need and that’s what we need to see in your application. Looking to go on holiday for the weekend or to buy a new watch? We’ll be reluctant to process your loan if this is how you intend to use the money.
Acceptable uses for our short-terms loans include: paying for repairs to your fridge or freezer, repairing your boiler, repairing your front or back doors after a break in, repairing your car if you need it to travel to work, buying food for the rest of the month or any other urgent cost. If you can live without it, then maybe think about waiting for your next payday to buy it.
Missing repayments and not contacting us
We like working with customers that have used our services before without issue. If you take a loan from Quickle and make your repayments exactly as agreed, we’ll be more than happy to accept you for future loans. Miss payments however, and your history will be logged in your account and within our records. This will drastically reduce your chances of being able to take one of our loans in future.
We always suggest that you contact us right away if you believe you will miss a payment. This way, we have the best chance of working out a way to resolve the situation without needing to impose further charges. Failing to contact us and ignoring your repayments is a sure way to land on our risk list. It won’t be as easy to borrow from us in future and we could even refuse you completely.
That’s it! Pay close attention to the pointers above and your application will have the best chance of being approved without hiccups. We like to try and help anyone in need, so being as forthcoming and honest as you can is the best way to approach getting an instant cash loan.
How To Avoid Being Rejected For A Quick Cash Loan Click To TweetRead more about quick cash loans here, or in our previous blog post: 4 Vital Facts About Fast Online Cash Loans
