There are few guarantees in life, however with minimal qualification requirements, you can get a cash advance payday loan of up to $1000 in 24 hours or less. A payday loan is a short term cash advance loan that is secured against your future paycheck. If you find yourself in a situation where you rent or car payment due date falls a few days ahead of paycheck, don't despair.
Should I get a payday loan - are they bad?
A payday loan can be a lifesaver, if you find yourself in an emergency situation and need quick cash. It is intended to relieve you of immediate financial burdens until you receive your next paycheck - they should be not be used as a constant source of cash. When politicians and rich people say payday loans are "bad" they are referring to the fact that they carry a high interest rate. The fact is all loans are made against an interest rate. Your interest rate is based on the level of risk assumed by the lender. In the case of a payday lender, the lender is agreeing to give you hundred of dollars in 24 hours or less with no credit check and minimal qualification requirements. No bank will do this.
If you are diligent and repay the cash borrowed on time, getting a payday loan is a win-win situation. No bounced checks, no car repossessions, no evictions and no suffering for the family.
How do I get a payday loan?
You can get a payday loan through your neighborhood payday loan shop or get a loan online. Online payday loans are convenient and usually require no faxing. You complete an online application, which is reviewed by the lender. If your loan is approved, you get cash in 24 hours or less. Most lenders have minimal qualification requirements - basically as long as you are employed, you will qualify. You must have a checking or savings account so that money can be wired to your account.
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