You may be wondering if a payday loan is the only option to meet your financial needs. While residents in Washington have access to payday loans locally and online, Golden Valley Lending offers another short-term loan option. Our payday loans alternative keeps the benefits of traditional payday loans while mitigating the disadvantages.
Washington Payday Loans Alternative
You may be wondering if a payday loan is the only option to meet your financial needs. While residents in Washington have access to payday loans locally and online, Golden Valley Lending offers another short-term loan option. Our payday loans alternative keeps the benefits of traditional payday loans while mitigating the disadvantages.
Benefits – Payday Loans Alternative
Our payday loans alternative offers quick access to funds with no minimum credit score required. Loan amounts range from $300 to $1,000 for first-time borrowers. Loan repayment takes place over bi-weekly installment 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.
Our focus on transparency means that you’ll never be surprised by hidden fees. Also, if you decide to pay more than the minimum payment amount or pay off the loan early to save on interest charges, you will not be charged a prepayment penalty.
Comparing the Two Options
You may be wondering how the payday loans alternative from Golden Valley Lending differs from traditional payday loans. Some common disadvantages of payday loans are the following:
- Short loan term. Requires full repayment by the borrower’s next payday.
- Balloon payment. The loan is usually repaid with a final lump sum payment.
- Prepayment penalty. Fee structure makes it impossible to save on interest charges for early payoff.
- Rollover costs. Failing to pay off the loan on-time results in additional fees and charges.
Golden Valley Lending’s payday loans alternative provides the following benefits:
- Longer loan term. Repay the loan in bi-weekly payments.
- Payment amounts decrease over the life of the loan.
- No prepayment penalties. Pay more than the minimum required payment on scheduled pay dates or pay off early and save on interest charges.
- Transparency. You’ll never be surprised by hidden fees.
Applying for a Short-Term Loan
We strive to help residents of Washington and across the country find quick access to funds. Apply online in minutes from a desktop or mobile device any time, day or night. Our streamlined application process only requires the information necessary to make an approval decision quickly.
If you’re 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 electronically using an ACH transfer.
You don’t have to settle for brick-and-mortar or payday loans options in Washington when you need access to cash quickly. Experience the difference and apply now with Golden Valley Lending!
