Once I have filled out my loan application and it is processed and approved, I should receive the money the next day. I will only have it overnight if I fill out my application and have it processed before 4:00pm pacific time or 7:00pm eastern time. If I do not have everything sent in by the cut off time, I will not get the money until the day after.
What are the Terms of an Instant Payday Loan?
After reading through the terms of the instant payday loan, I understood things a little bit better. The loan is a short loan which is only meant be out for a 7 to 14 day period, or for a 15 to 21 day period. When my loan period was up, I would be required to pay my loan back in full, plus the amount of the loan fee. The loan fee is determined by the amount of money that you borrow.
If you borrow $100, your loan fee would be $18.62. You can borrow up to $1000, with a loan rate of $186.20. If, after the loan period is up, the money is not in my account, I can get an extension. With this extension I would be required to pay the loan fee for each week that the money is not in the account. After three extensions, the loan fee will go up. If I take out a loan of less than $599, I would be required to pay a $50 fee along with my loan fee. If my loan is $600 or more, there will be an additional $100 fee. This will continue every week until I repay the loan. If I let this go, I could end up owing hundreds, maybe even thousands of dollars. As long as I pay this loan when it is due, the loan works out well. The loan rates are very reasonable.
What is the Process of an Instant Payday Loan?
The first thing that I did was fill out the application online. I gave all of my inf0rmatiom, name, address, phone, etc. After I filled out all of my personal information, I had to decide how much money I needed to borrow. I entered the amount that I needed to borrow and I answered some question about my source fo income, my salary, and banking information. When I was done, I read the instructions about faxing my banking paper work. I faxed them my most recent bank statement and a voided check.
How do I Repay my Instant Payday Loan?
When it is time for my loan to be paid, I don’t have to do much. All I need to do is make sure the money is in the bank. The payday loan company will electronically