You can find a payday loan advance company locally. Most people qualify for these loans and they can be obtained very quickly and easily, regardless of your past credit history. If you are in need of urgent cash, do some quick research before applying to find a lender with the lowest fees/charges.
Payday Loan Requirements
It is not difficult to qualify for a payday loan advance, no matter what type of credit your have. Even if you have filed bankruptcy in the past or have had repossession of property, you can still qualify for these loans.
Traditional loans are more difficult, because these lenders require a certain credit score and collateral. However, to get a cash loan advance, all you have to do is have a steady job (in which you earn at least $1,000 per month) and have an active checking account. Almost anyone qualifies for a payday advance loan.
Fees for Payday Loans
Payday loan advance companies charge a fee for every $100 you borrow, usually ranging from $15 to $35. However, when you need emergency funds, you don't mind paying high fees if you get instant cash. Since cash advance loans are short-term, you avoid daily interest fees that credit cards or some traditional loans charge.
If you want to avoid paying high interest charges, you should repay the loan on the due date. Additional fees will be applied if you are late with your payments or don't pay them. With accumulated charges in this manner, it makes it even more harder to repay the cash loan advance lender.
Websites for Payday Loan Advance Companies
It has become even more convenient to apply for a payday loan advance. You can apply online from the privacy of your own home. There are some websites that provide a recommended list of payday lenders, which allows you to compare each of their fees, terms and conditions, requirements for employment and income, etc. After comparing the lists, complete a simple online application and fax needed paperwork for the lender to verify your bank information and income level. Once approved, the amount borrowed will be directly deposited into your checking/savings account. The repayment duration is from two to four weeks, depending upon when you receive your next paycheck.
