If you live in Tennessee and need access to quick cash, Golden Valley Lending may be able to help. Like payday loans, we provide borrowers the ability to access their funds quickly and an above average credit score is not a requirement. Our streamlined application process is transparent, and it can be completed online in minutes. If your application is approved before 4:30 Eastern Time, Monday through Friday, you could receive your funds as soon as the next business day.
Tennessee Payday Loans Alternative
If you live in Tennessee and need access to quick cash, Golden Valley Lending may be able to help. Like payday loans, we provide borrowers the ability to access their funds quickly and an above average credit score is not a requirement. Our streamlined application process is transparent, and it can be completed online in minutes. If your application is approved before 4:30 Eastern Time, Monday through Friday, you could receive your funds as soon as the next business day.
What Is the Payday Loans Alternative at Golden Valley Lending?
Our payday loans alternative loan amounts range from $300 to $1,000 for first-time borrowers. Loan repayment takes place over bi-weekly payments and since each payment is applied to both principal and interest, each payment amount decreases in size throughout the life of the loan. This allows the loan to be manageable within your budget.
How Does Our Alternative Differ From Traditional Payday Loans in Tennessee?
Typically, payday loans require borrowers to repay the entire loan as well as fees and finance charges by their next pay date. The principal of the loan is not repaid until a final balloon payment at the end of the loan term. A balloon payment is a final lump sum payment that includes the principal plus fees and charges. In the event a borrower cannot repay the loan on the next payday, they are charged new finance charges and fees, and the loan is rolled over to the following pay date. Some people get trapped in a cycle of rolling over payday loans, which can lead to paying substantial costs making them expensive.
By contrast, our payday loans alternative offers the following:
- Longer loan term with bi-weekly payments.
- Each payment is applied to both principal and interest. As your principal balance decreases, the amount of interest accruing decreases as well, which results in decreasing payment amounts.
- Save on interest charges by paying more than the minimum required payment on scheduled pay dates or paying off early with no prepayment penalty
- You’ll never be surprised by hidden fees
Streamlined Process
We look beyond your credit score and applying only takes minutes. Golden Valley Lending’s propriety scoring system gives every application special attention by considering all of the information you provide. We know you’re more than just a three-digit credit score.
If approved by 4:30 p.m. Eastern Time, Monday through Friday, you could receive your funds as soon as the next business day. Funds can be deposited into your bank account electronically using an ACH transfer. Once you’re approved and funded, you can log into your account at any time to view your payment history, print out loan documents, set up automatic payments, and more.
As a resident of Tennessee, don’t settle for the brick-and-mortar and payday loan options. Experience the difference and apply online now with Golden Valley Lending!
