Not long ago, the introduction of online payday loans allowed individuals to apply for (and receive!) loans from the convenience of a home computer. Compared to the hassles of driving to a physical location, waiting in line, and faxing supporting documentation, these online payday loans no fax were a welcome innovation.
Today, however, the convenience factor has been boosted to another level entirely, thanks to the advent of mobile apps from payday loan lenders.
When you first search for a suitable online payday loan, one of the features to consider is the availability of a downloadable app for your mobile phone. Many lenders now offer apps, enabling you to submit the initial application from your phone, as well as managing the loan on the go.
You can look for information about a mobile app on a lender’s website, or you can search directly from your phone by typing “payday loan” into the search bar of your smart phone’s app store. You may be surprised how many relevant apps are available: you can not only download the app for your chosen lender, but also related apps to help you calculate interest and schedule payments.
For people already accustomed to mobile banking (not to mention the convenience of checking balances on the spot or transferring funds while on the go), the mobile management of online payday loans is a natural extension of existing habits. It also means that even the most extreme financial emergencies can be taken care of, regardless of where you happen to be when the crisis strikes.
If your car breaks down and you find yourself suddenly needing a tow and repair, you can apply for your loan from your roadside location and take care of the situation on the spot. A sudden need for funds while on vacation, an unforeseen business expense, or a medical emergency can be funded from wherever you are at the time.
Once you have identified the best online payday loans, you can follow those lenders on social sites like Facebook, Twitter, YouTube, Google Plus, LinkedIn, financial blogs, and even Pinterest.
Not only do followers benefit from alerts to coupons or special loan offers, but they also receive beneficial financial information.
You may have begun your relationship as a borrower of payday loans online, but opting to follow these related social sites can keep you informed of the broader financial picture. It’s yet another offered provided by your favorite providers of online payday loans.