rebuild.org finance news:

Back to Latest News Headlines

Paperless Payday Loans Help You Go Green in More Ways than One

[Jan 1, 2009.]


If you’ve been considering applying for payday loans to pick-up some unexpected expenses, there’s a way you can do that and stay true to Mother Earth. Paperless payday loans come with a variety of benefits: the emergency cash you need to get through tough situations, the convenience and security of an online transaction, and the good karma of a paperless application. And who couldn’t use a little good karma heading into the New Year?

The 411 on Paperless Payday Loans
When it comes to quick cash available for you to use for just about anything, payday loans fit the bill. An increase in the interest of borrowers in non traditional forms of lending is driving business in this financial sector. Borrowers like the fact that they can apply and get approved almost immediately.

When you go Web surfing to paperless payday loans, this is typically the process:

  • Preliminary Data. Register for an account online and give the required personal and financial information.

  • Representative Follow-up. An account representative will typically contact you to verify the information you provide

  • Disbursement of Funds. Money is electronically deposited into the checking or savings account you stipulate, if you have qualified and been approved

Requirements for Payday Loans
Many borrowers wonder if they might be eligible for paperless payday loans. When payday loans first broke onto the scene, the requirements were fairly loose. As the federal government has stepped in to regulate the industry (for the good of the borrower), restrictions are now in place. While payday loan lenders vary widely from state to state, the typical minimum requirements for borrowing include:

  • At least 18 years of age

  • A U.S. citizen with a checking or savings account

  • Currently employed or receiving regular income proven by a check stub

  • Earning at least $1000 per month in income

Go Paperless and Go Green
According to the Environmental Protection Agency (EPA), the average person in the U.S. throws away over 1,130 pounds of waste per year. In fact, the garbage we throw out every year emits close to about 1,060 pounds of CO2 into the ozone. Paperless payday loans are a smart way to do your part in reducing the amount of waste you’re responsible for. The electronic revolution could be an immediate salve to ecological damage. And you can save your receipts and forms on your hard drive, as opposed to printing them out, for an even greater impact.

EPA, Climate Change - Greenhouse Gas Emissions


About Author:

Kelly Richardson is a freelance writer, marcomm consultant and digital entrepreneur. He’s written content for Fortune 500s Google, Yahoo!, Microsoft and Wells Fargo. Find out more about him at kellyrichardsoncopywriting.com.

news subscription:

Easily subscribe to the rebuild.org news feed.

Read our news without even visiting our site!

Subscribe to our news


news archive:

Rebuild.org monthly news archive