Emergencies always have this knack of cropping up just when we are in the middle of a tight month, and payday is still far away to provide us some relief. So, what do you do? Pikavippi is an option you have now, something which can bring you out from your misery. But what are these payday loans exactly? People do have a lot of questions in their minds regarding this recent offering from the economic gurus. Here goes the answers to some of the most common ones.
What is it?
Very much similar to the other loans, certain properties set it apart from just about any other regular loan. These loans are not secured, and meant to take care of emergencies. You need to pay them back the day you get your next pay check.
Limitations on its usage
There is absolutely no limitation on the usage of a payday loan. You can use to pay your bills or pay your rent or the fees for your child’s education. You can use them to do just about anything you require them for. There is absolutely no restriction as such, so need to fret about that.
Are you eligible?
The lenders don’t care if you don’t have a decent credit rating. If you have an active checking amount and are a regular earner, you are eligible for a payday loan. That’s all they check before they hand out the money to anyone.
How do you apply?
You can do this online. Provide some of the basic information, and you are good to go. There are several websites maintained by reputed institutions.
What about the fee?
Scan the companies before you settle for one. There are some who don’t charge for the first week.
What about the amount?
The amount depends on how much you can repay them back. It can be $100. It can also be $1000.