A few years back hardly anybody had heard of a payday loan. Now they have become a $40 billion dollar a year business. Payday loans are a very controversial topic, because the interest rates are extremely high. You might wonder - since the interest rates are so high, why would anybody want a payday loan?.....
A few years back hardly anybody had heard of a payday loan. Now they have become a $40 billion dollar a year business. Payday loans are a very controversial topic, because the interest rates are extremely high. You might wonder - since the interest rates are so high, why would anybody want a payday loan? They are easy and fast. Usually a small form to fill out online, most places don't even do a credit check.
Who Qualifies for a Payday Loan?
Usually, you need to be employed for more than 6 months and gross a thousand dollars a month plus. Or if your on a disability pension you need to gross $800 a month.
Why are Fax Free Payday Loans Important?
A couple of years back most lender made you fax in a ton of information. This could include, identification, bank statements, pay stubs, W-4 forms etc.
Now a lot of lenders don't require so much information. Usually you will provide your information by filling out a form on the lenders website. This will help speed
up the process. How fast can the money show up in your account? Most places will deposit the money in your checking account within 24 hours. Some are faster and some slower.
Exercise Caution
Although payday loans are fast and easy to qualify for. The interest rates are very high, and if you miss payments you can end up paying even more money in compound interest and late penalties. Some people even take payday loans to pay off previous payday loans. This can ruin you financially. I would recommend only taking a payday loan if it is an emergency and you have nowhere else to turn. If you have no family or friends to turn to in your time of need and there is absolutely no other way for you to come up with the money you need, a payday loan when not abused can be a blessing.
Cash in a Flash
When tragedy suddenly strikes, that is, when phantom credit card bills suddenly materialize with the payment due the next day, getting money to cover ...
How to Properly Pay Your Payday Loan
Do you find yourself in financial difficulties frequently and that you are even having a hard time paying for your loans? You must remember that when you get a loan, you have to pay for it within the agreed upon deadline. If you miss it.....
How to Choose the Best Payday Loan
It is only natural for people to experience some financial difficulties at some point. Even if you are still working and holds a regular job, there might come an instance when the bills just start to arrive within just one short period....
