Cash Advance Payday Loans

naudaCash advance payday loans can be a life saver for some people. If money is tight and you are living from week to week, it is not good when you get an unexpected bill. What do you do if, for instance, you get a hole in the tire of your car and there are three days until payday. You need your car to get to work so you cannot wait until payday. If something like this ever happens to you, a cash advance payday loan could save the day.

A cash advance payday loan is exactly what it’s name says. It is a loan that you get and are expected to pay when you get your paycheck. A cash advance payday loan is not to be used as a long term loan. It is meant specifically for a week, two at the most.

If you are looking for a cash advance payday loan, the best place to find them is on the internet. If you just enter the words “payday loan” you will be taken to many different sites to apply for the payday loan. As with any loan there is an interest rate on a cash advance payday loan. It is a good idea to check all of the sites to find the best interest rate. Most of them will be the same or very close, but it is worth looking.

When you are requesting a cash advance payday loan, there are certain requirements that you must meet. One thing that you must have to get a cash advance payday loan is a job. Your job must be a job on the books where you will be able to show proof of income using your pay stub.

Without this proof, it will be impossible to get the payday loan. There are other types of income that are allowed as well. Social Security, child support, unemployment checks, and temporary disability checks are also allowed. There are a few types of income that are not allowed. One is Social Security in one of your children’s names, or Social Security in somebody else’s name. State welfare payments are also not allowed.

Another requirement of most payday loan companies is that you have a bank account. The cash advance payday loan companies require this because this is how you get your money, and this is how they take their money.

Payday Loans

A question that many people ask is what are payday loans or credit line? They wonder if there is some type of scam behind it. The answer is no. There are no gimmicks and no scams. A payday loan is a legitimate loan for a person to get a little bit of extra money in order to pay bills that can’t wait until their next payday.

Kayla wanted to get a payday loan.  She was a bridesmaid in her sister’s wedding and the money for her dress had to be paid.  Kayla did not have the money for the dress and wasn’t expecting her paycheck for another ten days, as she was paid biweekly.  The wedding was only a week away and it had to be fitted.  She had to find the money to pay for her dress.  She could not ask her mother because she already owed her mother money and it was her sister’s wedding so she could not ask her.  Kayla had heard from a few friends at work about payday loans.  She did some research and decided to do it.  When she was applying for the loan her very skeptical roommate Kyle came in and told her that it was a scam.  Kayla told Kyle that she did the research on it but he questioned her anyway.

Question – What is a payday loan

Answer – Kayla explained to Kyle that a payday loan was a short term loan.  It was a loan basically designed to hold the borrower over until their next payday.  The usual lengths of the loans were either 7 to 14 days or 14 to 21 days.  It was up to the borrower.

Quesiton – Is there a credit check and do you need to make a certain amount of money?

Answer – Because this is a low amount , short term loan, a borrower’s credit is not really an issue.  People with bad credit are able to get a payday loan.  Some companies require that you make at least $800 per month for the loan, and some require $1000 per month to qualify.  The loans offered are from $100 to $1000.  If you are looking for a larger loan, closer to $1000, you will be required to make more than the minimum amount to qualify.

Question – What are the requirements for the payday loan?

Answer – The requirements for the payday loan are rather simple.  The first thing that you need is a monthly income as stated above.  These incomes can come from a few different sources.  Wages from a job, Social Security, unemployment, and disability insurance checks.  There are also a few different income sources that are not accepted.

Social Security in your child’s or any other person’s name and state welfare checks.  Whatever source of income you have, must be direct deposited into your account.  You are required to have a bank account that had been opened for over sixty days.  You will also be required to fax a copy of your most recent bank statement and a copy of a voided check.

Question – How do you get the money?

Answer – The money is electronically deposited into your bank account usually the next day.  If you submit your application and fax over your bank information by 7:00pm EST or 4:00pm PST, the money will be available the next day. If it is sent later than that it can take two days.

Question – What happens if you don’t repay the money right away?

On the due date of the loan, the lender will electronically withdraw the full amount of the loan as well as the loan fee.  If the money is not in the account in the full amount, you will be required to take out an extension.  The lender will not accept partial payments.  The extension will cost you another bank fee.  This is allowed up to three times.

By the third time, you will owe the full amount plus four bank fees.  The original fee and then three more for the three weeks of nonpayment.  After three weeks, there will also be a penalty fee added as well as the bank fee.  For example, if after four weeks the money is still not there, you will owe four bank fees as well as the penalty.  The penalty is $50 if your loan was up to $599.  If your loan was $600 or higher, it will be $100.  If you do not pay this loan back, it could end up costing you thousands of dollars.

Question – Are there any hidden fees?

There are no hidden fees.  The only extra money that you will be responsible for are the penalty fees and the extra bank fees if you neglect to pay the loan on time.

Question – Can you have more than one loan out at a time?

Answer – The answer to that question was no.  It is possible to take out one loan and pay it back and then take another.  You cannot have two loans out at the same time.  If you are very late repaying your loan, you may not be approved for another loan for a while.  This type of loan could be a lifesaver in some situations. It is advised to pay the loan on time to avoid penalties and getting rejected the next time you need a payday loan.

The payday loan company

naudaThe payday loan company will require that you fax your most recent paystub as well as your most recent bank statement. No one will lend you $1000 that is to be paid back by your next payday if you only make $500 a week.

Even if your request $1000, you will not get it if you don’t make enough money. There are a couple reasons why the cash advance payday loan company needs your bank statement. First, they will need to verify your banking information so that they can deposit the loan into your bank account. They also need the statement to be sure that the account is still valid and that it actually does belong to you.

Once you have faxed over the information, the advanced payday loan company will call you to tell you how much money you have been qualified to receive. Some payday loan companies will fax over a contract with the amount of the loan specified as well as the terms. Once you sign it and fax it back, your money will be ready for transfer.

On the day that the loan is due, the payday loan company will automatically take the money from your account, including the interest. If you account does not have sufficient funds, you will be contacted by the loan company. They will tack on interest for another week. By the following week, when the payday loan company attempts to take the money from your bank again, you will be responsible to pay the loan in full with the first interest payment. You will also be required to pay interest for the second week as well. The longer you keep the loan, the more you will owe in interest.

If you are interested in a loan of this kind, there are a couple ways to get one. The first way is to go online and find a site and apply. If you do not have access to the internet to apply, or to a fax machine to meet the requirements, there are some cash advance payday loans that stores set up where you can go inside and get the money right away.

This is a good thing for someone who is desperate to get money quickly. As long as you pay the loan back as soon as it is due and you can afford the extra money for interest, it can really help you out in a bind. If you do not have the money when it is due, it is a very good idea to find a way to get it. The longer the loan is out, the more money you will have to pay.

Payday Cash Loans

How Do I Apply for the Same Day Payday Loan?payday cash loan is just what it’s name says.  It is a loan that is to be paid back by the borrower on her next payday.  These types of loans are used for any type of financial emergency.  Everyone has had a financial emergency at one point or another.  A payday cash loan gives you the money without overcharging the bank fee. Most payday cash loans have very reasonable fees.  The best thing to do is just check a few different sites to find the best one.

I have actually found myself in need of a payday loan once before.  I had just paid all of my bills leaving me with only $45 in my account when a pipe burst in my basement.  I needed a plumber and I had no money.  After the plumber looked at the problem he saw several problems that if they did not get repaired immediately, I would have another pipe burst.  The fee was $1000 and he needed the money when the job was finished.

“That was a lot of money and I knew that my family and friends would not have that kind of money to lend me.  I had used a payday cash loan service before due to an outstanding electric bill so I thought that I would try again.”

What are the requirements of a Payday Cash Loan?

The requirements of a payday cash loan are pretty simple.  The requirements of the loan first stated that I have some source of income that is more than $800 per month.  This income has to be direct deposited into my bank account.  It is required that the bank account had been open for at least ninety days.  I thought about everything and I did meet all of the requirements just like I did the last time.

My income had changed, therefore, I had to look under the FAQ section of the website and see if I still qualified. The first time that I received a payday loan I was working full time. This time, I was collecting temporary disability insurance checks and child support. I looked at the FAQ section of the site. The incomes allowed for the payday cash loan were wages from a job, Social Security, unemployment, child support, and temporary disability insurance checks. The incomes that are not allowed were Social Security in your child’s or anyone else’s names or a state welfare check. I met that requirement so I moved on.

The borrower had to be at least eighteen years or older and I definitely met that requirement. Since my bank account was open since my last payday cash loan I met that requirement. This time was different, however. Since I had a payday loan from this company already, I would not need to fax my information. The FAQ section on the website stated that faxing was only necessary if you were a first time payday cash loan user. Normally, a first timer would be required to fax over a copy of the most recent bank statement and a voided check. This time I was able to skip this part because they had my information on file. If I had switched banks, I would be required to fax the information again.

Faxless Payday Loan

A faxless payday loan is a short term loan. This type of loan is designed to help out with unexpected expenses between paychecks. It is should not be thought of as a long term loan. If the borrower treats it as a long term loan, they could end up paying thousands of dollars in loan fees and penalties.

Jason was looking through his bills one day when he realized that the excise tax on his truck was due in two days. He knew that he had the bill but he was sure he had longer to pay it. Jason’s employer paid him every two weeks so he would not be getting a pay check for another eight days. Not wanting to ask his family and with his credit cards maxed out, he went online to find a solution. After a little bit of searching, he found the website for a fax less payday loan. He read the website because he had some questions.

What are the Risks of a Fax less Payday Loan?

Being the skeptic that he is, Jason wondered what the risks were of getting a fax less payday loan. As he read, he learned that there are no risks and no hidden fees. As long as the loan was repaid on time, he would be only responsible for the repayment of his loan and his loan fee. This sounded good to Jason so he read on.

What are the Requirements for the Fax less Payday Loan?

Jason wanted to be sure that he would be accepted for the fax less payday loan so he read on to find the requirements. Age is a requirement. To be eligible for a fax less payday loan, a person must be at least 18 years old. Jason learned that he was required to have a monthly income of at least $800. That sounded good to Jason. His earning were well over that amount. He also learned that there were certain incomes that were allowed. Wages from a job, Social Security, unemployment, and temporary disability checks named a few. There were also income sources listed that were not allowed. Those were Social Security in the borrower’s child’s name, Social Security in someone elses name, and state welfare checks. Jason read on and learned that the borrower would be required to have an active bank account that has been open for at least ninety days. Jason read on until he came to a part that had him confused. There was a section on the requirements section which said that having access to a fax machine may be required. Jason did not understand this because the name of the loan is a fax less payday loan. As he read on, he learned that if it is not the borrower’s first time getting a loan with the company and his information did not change, he would not be required to fax any information. Jason realized that the name was more of a gimmick to get people to read about the loan and choose that particular one.

Instant Payday Loans

An instant payday loan can be described by its name. It is a loan that you have electronically deposited into your bank account overnight. Instant payday loans should be used only as a short term loan. The longer you take to pay off an instant payday loan, the more fees you will incur.

Why Might I Need an Instant Payday Loan?

About a year ago, I had a little financial trouble. Everyone has some sort of financial trouble at one point or another. I received a final notice on my electric bill and I did not have the money to pay it. I had only two days before it would be disconnected and I would not be getting my paycheck for another six days. I didn’t know what to do. I could not get the electric company to hold off on disconnection, and I did not have the money or any family to lend it to me. I did not know what I was going to do. I went on the internet and I found the answer.

What is an Instant Payday Loan?

The loan that I found online was called an instant payday loan. Even though I have a low credit score, I was still able to apply. Every other personal loan that I had tried turned me down immediately. With an instant payday loan, as long as you meet the requirements, you are eligible for the loan regardless of your credit score. With the instant loan, I would be required to pay the loan off when I got my next paycheck. I would pay the amount that my loan was for as well as the loan fee.

What are the Requirements of an Instant Payday Loan?

instant payday loansThere are certain requirements that need to be met before I can get an instant payday loan. In order to apply for the loan, I must be eighteen years of age or older. No minor is ever allowed to sign any kind of loan or contract.

The most important requirement is that I have a source of income which is more than $1000 dollars per month. This income can from only one source or a combination of sources. My there are certain incomes that the instant payday loan company accepts and certain ones that they don’t.

Acceptable incomes are wages from a job, Social Security, child support, disability and unemployment checks. Unacceptable sources of income are Social Security that is in your child’s name or Social Security that is in another person’s name. State welfare checks are also not an acceptable form of income. Whatever source of income I have, it has to be direct deposited into my bank account. When I apply for the loan, I will be required to fax a copy of my most current bank statement and a voided check. I am only required to fax information the first time. If I ever get another instant payday loan again and my banking information has not changed, I will not be required to fax again.

How Does the Fax less Payday Loan Work?

Jason wanted to see how the loan works so he could get a better idea of what he may be getting himself into. The loan is a short term. You are not allowed to borrow a considerable amount of money. The loan amount varies from $100 to $1000. The borrower should decide how much he or she needs. Not everyone will be approved for a loan in the higher denominations. If a person makes closer to the $800 that is required for the loan, he will probably be unable to borrow larger amounts of money. After the borrower chooses the loan amount, he should look on the website. He will find the loan fees for each of the loan amounts. With most fax less payday loans, the loan fees are usually close. If the amount borrowed is $100, the fee can be as low as $18 to $20. If the loan amount borrowed was as high as $1000, the bank fee could be between $180 and $200. The borrower will also have to choose on a length for the loan. Fax less payday loans are taken out for either 7 to 14 days or 14 to 21 days.

How Do I Get a Fax less Payday Loan?

Jason liked what he read about the fax less payday loan. He decided to apply for the loan. He read the instructions then began the application process. First, he filled out all of his personal information. He gave his name, address, phone number, social security number, and income source information. On the second page was his choices of the loan length and loan amount. When he finished, the faxing instructions appeared on the screen as well as a prompt to print the information. He printed it out and two pages came out. The first one was instructions and all of the information that he read on the website. The second page was a loan agreement that he had to sign and fax along with a copy of his most recent bank statement and a voided check. He signed the paper and faxed it over.

What are the Terms of the Payday Cash Loan?

The terms of the payday cash loan are simple.  The loan is a short term loan.  I was able to choose how long I wanted to keep the loan out for.  My choices were either seven to fourteen days or fourteen to twenty-one days.  Because I needed so much money this time, I chose fourteen to twenty-one days.  The last time my amount borrowed was much less so I used the seven to fourteen-day loan.  The amount of the loan can be anywhere from one hundred to one thousand dollars.  The loan stated that I could choose the amount that I wanted to borrow under a certain condition.  If I only made $800 per month, I would not be able to borrow $1000.

In order to borrow $1000, your income level had to be more than $2500 a month.  A person who only had an income of $800 would be allowed to borrow up to only $200.  Along with repaying the loan, you will also be required to pay a loan fee.  The fees are set up depending on how much money you borrow.  I was looking to borrow $1000, so my loan fee would be $185.

The lowest fee is $18, and that is for someone who borrows only $100.  The more that a person borrows, the more he has to repay.  I was prepared to pay the $185 fee, I was desperate.  If the repayment money was not in my bank account by the time, the loan was due, I would be required to take out an extension.  With the extension I would pay my loan fee plus another for each week the money is not in my account when the lender tries to withdraw it.  After three weeks of extensions, I would be required to pay a penalty.  The penalty is, for my loan, one hundred dollars on top of the loan fee.  If my loan had been for less than $600, I would have only had to pay and extra $50.  For a loan more than $600, the penalty is $1000.  The loan could have become  really pricey if I didn’t pay it in time.

How Do I Apply for the Payday Cash Loan?

Applying for the payday cash loan was very simple.  I went online and I filled out all of my personal information.  I had to give my name, my address, my phone number.  All of the standard questions.  When I entered my name, a message came up on the screen telling me that my information was already in the system.  I looked over the information and nothing had changed so I continued.  After that I was asked to choose my loan amount desired and the length of my loan.  When the application asked me for my income information, they had my old information listed.  I went in and changed it.  After it was all filled out, I waited about thirty seconds for the decision on my loan.  I was a bit nervous that I didn’t get approved because my amount was so much.  Soon, a message popped up on the screen, I was accepted.

How Do I Repay my Payday Cash Loan?

When my loan was due, all I had to do was make sure that my money was in the bank. The lender electronically withdrew my loan amount along with my loan fee. It was that simple. I did not have to do anything.

What are the Risks?

There are no risks involved in the payday cash loan. As long as the money to repay the loan is in the account, there are no extra fees. If you do not have the money in time, you will incur extra loan fees until the money is there. If you do not have the money, it could end up costing you an awful lot of money.

What are the Requirements of a Payday Advance?

There are a few requirements that borrowers must meet in order to qualify for the loan. The borrower must be at least eighteen years of age or older. The borrower must have a source of income of at least $1000 per month. This income can come from wages from a job, Social Security, unemployment, temporary disability insurance, or child support. There are also a few different sources of income that are not accepted. Social Security that is in your child’s name or somebody else’s name and state welfare checks are not allowed. It is required that whatever type of income you have, be directly deposited into your bank account. Your bank account must have been open for more than ninety days.

How do I Apply for a Payday Advance?

Applying for a payday advance is rather simple. The borrower should first go on the internet and research the payday advances to find the company with the lowest loan fee. When they have found the best company, they should fill out the application form. The first page of the form is the borrower’s information. This includes their name, address, telephone number, social security number, and email address. You will also be required to enter all of you banking information and give the lender the names, addresses, and telephone number of three personal references. The second page is the page with the loan options. You will choose the loan amount and the length of the loan.

Once all this information has been entered, you will wait for the loan decision. It usually takes about thirty seconds. If you are looking for a larger loan of $500 to $1000, you will be required to make more money than someone asking for a loan of $100 to $400. Once you have been approved for the loan, there will be pages to be printed. One of the pages will have fax information. You are required to fax over a copy of your bank statement along with a voided check. The second printed page is the loan agreement which must be signed and faxed over as well.

When will I get my Payday Advance?

When you receive your payday advance, depends on when you submit your loan application. If your application is submitted and all of the necessary papers are faxed by 7:00pm EST or 4:00pm PST, the loan will be electronically deposited into your account the next day. If it is submitted after the above-mentioned times, it may take an extra day.

How do I Repay my Payday Advance?

Paying your loan back is simple. The lender does everything for you. All the borrower must do is make sure that the money is in the bank and the lender will electronically withdraw the money.

Payday Loans Online

Some people look down at payday loans online. They believe that they will either get scammed in one way or another or that they will get tangled up in loan fees, finance charges, and hidden costs. All of this is not true. As a past borrower of a payday loan online, I can say from experience that there are no scams, or hidden costs.

Why Does a Person Need a Payday Loan?

There are many reasons why a person may need to get a payday loan online. Usually, it is used to take care of a bill that is due before you will get your next paycheck. If some type of emergency or unexpected bills comes up like car repairs or a burst pipe in the basement you may need to get some cash.

If you go to a bank for the loan, you may not qualify. Most banks do not do short term loans that usually are only out for a week. Also, because the loan amounts are not very high and the loan term is short, most people are approved. With bank loans, you need a high credit score in order to qualify for the loan.

What are the Requirements of a Payday Loan?

The requirements of a payday loan differ greatly from the requirements for a bank loan. A bank loan requires a very high credit score and sometimes collateral. With an online payday loan, as l0ng as you make more than $1000 a month, and your income is one lender’s accepted incomes, you can usually get a loan. The accepted incomes are wages from a job, Social Security, unemployment checks and temporary disability insurance checks. There are only a few types of income that are not accepted by the payday loan companies.

These are Social Security in the borrower’s child’s name, Social Security in another person’s name, and state welfare checks. This is completely different from banks. The only types of income allowed with a bank are wages from a job. Another requirement of the payday loan is that you have a bank account that has been active for at least ninety days. Also, your income must be direct deposited into the your bank account.

This way, the lender has a better chance of getting their money back. There is really just a few ways in which a payday loan and a bank loan are alike. One thing that the two have in common is the age requirement. Both lenders require that a borrower be at least eighteen years old. Any person under the age of eighteen cannot enter into a legal contract.

What are the Terms of a Payday Loan Online?

The terms of a payday loan online and a bank loan are very different. A bank loan is usually a loan that is taken out for months, even years. A payday loan is taken out for a short period of time. The borrower has a choice of either a 7 to 14 day loan or a 14 to 21-day loan. If the borrower does not have the money, the bank will take whatever you put up for collateral. It has serious penalties.

The payday loan online has penalties also, just not penalties that could take your possessions from you. If you are late paying a payday loan, you will be granted an extension. After a week if the money is still not in the bank, you will get another extension. The borrower is allowed three extensions then the penalties kick in. If the loan amount is up to $599, the penalty is $50 plus the loan fee. If the loan amount is $600 or over, the penalty is $100 plus the loan fee.