With the current lockdown situation and stay-at-home orders due to coronavirus, Canadians across the country are practicing social distancing in solidarity with their communities and healthcare professionals. It is safe to say financial times are tough.
But at the same time, many are left without a paycheck and wonder how they will be able to [borrow money online in Canada](borrow money online in Canada). Without a mobile customer base to support commerce, perhaps you are one of the laid-off or furloughed employees, or maybe it’s your business that has had to close its doors.
And even if there was a job market to pursue, it’s no longer easy to leave your home. The bottom line is that you’re not alone if you’re worried about how to make ends meet this month, especially if you’re at home or without work. So, what is there exactly to do when you’re stuck at home and need money?
Online Payday Loans
If there ever was an optimal time to be holed up in our homes for an extended stay, that time is now. With so much of our daily lives available online, we now have solutions for food, entertainment and work with the stroke of a keyboard. Luckily, this also rings true for instant payday loans. Many lenders, such as iCASH, accept online applications, so you can borrow money without having to leave the house.
When you need to borrow money from home, you can quickly complete an online application for a payday loan. You’ll create an account by answering basic questions, then you can apply for an emergency cash loan for up to $1,500. Many customers are pre-approved within a matter of minutes or otherwise approved within 1-2 hours.
If you’re stuck at home during these unusual times, your need to borrow money may strike at an odd time of the day. Perhaps you realize the gravity of your situation off-hours on a Friday evening. Online payday loans know that your financial needs don’t tend to take a day off, so they don’t either. Whether it’s a weekday morning or Saturday at midnight, you can borrow money and apply for a payday loan 24/7.
Bad Credit? No Problem
Lenders like iCASH want to support those who need an emergency loan regardless of their unique situation. Even if you have a lower credit score, hope is not lost, and you can still qualify for an easy loan. And when you start the repayment process, be sure to agree to terms that are doable for you. Making on-time payments will help to boost your credit score and can earn you perks with your lender, such as cashback or a faster application process for future loans.
Better than a Credit Card, Faster than a Bank
If you need to borrow money quickly, payday loans tend to be a better option than credit cards. Credit cards have a much higher interest rate and repayment is due during the billing cycle. With payday loans, you agree to a fixed-rate payment plan with 1-3 installations that work for you.
Banks are another option that many use when needing to borrow money. The process of applying for a traditional bank loan can take days and require in-person appointments. It’s not a viable option when you’re stuck at home and need money.
Let’s face it, we’re all a little bit stressed during these confusing times. Let iCASH help with some of that financial strain by applying to lend up to $1,500 today. Social distancing lending approved from the comfort of your own home.