Green Day Online Loans (GDOL) is one of the most popular online loan services in the industry, with clients from all over the country turning to them for their cash advance needs. GDOL offers personal loans to students and young professionals in the United States. But what about Green Day Online Loans makes it better than their competitors? And are they legit? Let’s look at what exactly Green Day Online Loans offers its customers and how they stack up against the competition!
Here is a break down of what we will be covering today.
What are Green Day Online Loans?
Green Day Online Loans is a payday loan company headquartered in Arlington, Texas. It was founded in 2009 and served people across America and Canada. The company operates on a simple premise of offering fast loans when you need them most, but many things make it different from other loan companies.
Related: Is Modo Loan Legit? An Honest Review
As we’ve already mentioned, Green Day Online Loans is an online-only lender and not part of any brick-and-mortar network. This means that if you have bad credit or no credit history at all, they can help you get money faster than your local bank or check to the cash store ever could.
What is a loan without a credit check?
Remember that these loans are more expensive than others before you get too excited about a loan with no credit check. There’s always going to be some cost associated with looking at your credit report and credit score, so even if you don’t technically have to take out a loan with a credit check, it might not be as much of a bargain as you think. Be sure to read all fine print before you sign on the dotted line and know what you’re getting into. Remember: If it sounds too good to be true, it probably is.
How Does It Work?
First, let’s look at how fast it is to get started with a payday loan from Green Day. To apply for a loan, you only need to provide some basic information about yourself, including your name and address. You can then set up an account and choose how much money you want to borrow.
If you need help deciding, Green Day offers some hints in its FAQ section about how much money might be appropriate for you based on your income level and expenses. Once that’s done, it’s time to wait for approval—which usually takes between five minutes and one hour (depending on your bank). When complete, you’ll have direct access to a lender that can provide emergency cash when needed most. Simple as that!
Who can request money without a credit check?
Many financial services do not need to conduct a credit check. For example, many types of loans are easy to get without one—if you’re considering a payday loan or title loan, you can rest assured knowing that there is no need for a credit check here.
There are also options like secured personal loans and rental property financing available without a credit check. Secured personal loans might have lower interest rates than unsecured personal loans. Still, your chances of getting approved will be lower and might require other documents like proof of income or current salary statements from your employer.
Is applying for a loan online safe?
Applying for a loan online is safe and convenient, but it’s not without risks. It’s important to choose your lender carefully. Apply for a loan from a reputable bank or credit union. If you decide to apply for a loan with an online payday lender, do so cautiously.
Before using, always check out lenders with your state attorney general and local consumer protection agency. Read reviews of any company you plan on doing business with—and be sure to check out their Better Business Bureau rating. If they have complaints filed against them, don’t work with them! Finally, trust your gut if you feel like something isn’t right about a particular company or deal!
How to apply for green day loans
- Visist their official website
- Click on loan on the homepage menu
- Click apply now from the drop down menu
- Fill your personal, employment and financial information
- Click on submit loan request
- Wait for your loan to get approval.
The typical fee for a payday loan is $15 per $100 borrowed, equating to an annual percentage rate (APR) of 390%. The maximum amount you can borrow from an online lender like Green Day is usually limited to about half of your gross monthly income or 50% of your net pay, whichever is lower.
You may also like: Kia Loaner Car Program: Does Kia Give Loaner Cars?
However, if you have multiple outstanding loans, you may limit how much you can take out as a lump sum. If you’re short on cash and payday’s coming up in only a few days, keep in mind that most online lenders have no problem with customers borrowing money over more than one week. That might help alleviate some stress and give you some breathing room until next payday rolls around.
The main benefit to using a website like Green Day is that you don’t have to leave your house. This can be great for those of us who have physical limitations or can’t make it out to traditional brick-and-mortar offices during business hours. Applying online is generally easier than walking into a bank or credit union. It saves time and effort—two things that may come in handy if you need cash as soon as possible.
Though some people may not have heard of them, it is apparent that many people believe that green day online loans are a viable lender for helping out with emergency cash. What are your thoughts on these types of loans, and do green day online loans seem legit or not? Are there any other alternatives you would rather look into when seeking out fast cash? Please let us know in the comments below. We hope you’ve found our review informative and helpful! Good luck with your emergency financing needs!