Payday Loans Can Be A Great
Option For Emergency Cash
The purpose of this page is to provide a Payday Loan option for people who have less than perfect credit. Most people know that, at some point, they will have to start the process of repairing their credit. You can get 100% Free Information that will help you stop collection calls. Avoid credit repair scams. Choose the right service to fix your credit report. And raise your credit score. Plus receive a Free Credit Evaluation. Sign Up Now at CreditAssist1.com.
But the page you are on now provides info about payday loans for bad credit. It is intended to help you understand exactly what they are, and how they operate.
In the past few years there’s been a lot of confusion and controversy about payday loans, also called cash advances. It is important to understand how the service works.
You should be aware of everything upfront BEFORE you agree to accept the money. Make sure that you use the service in a responsible manner. If you follow that rule you will never have a problem.
What is a Payday Loan?
Theses are a short term cash advance that will provide you with emergency cash when you need it most, which is usually between pay days! It’s not the same as a regular loans which are set up for monthly payments over a longer period of time. A Payday Loan is just as it sounds. It is a short term money advance. You pay the money back, plus the fee, on your next pay day. Most companies will give you a full 14 days.
There is very little paperwork involved. Just complete a short application. Once approved you can receive the cash on the next business day! However, recently many companies are offering even faster service, in a matter of hours, which makes this a excellent source for quick cash when unexpected emergencies come up.
There are No Credit Checks! This makes it a good option for people with bad credit. You simply have to prove your monthly income. And, that you have the ability to pay back the loan. Complete a short application just to see what you qualify for. There is no obligation unless you accept the loan!
How Do You Qualify For A Payday Loan?
Qualifying is easy! Bad credit is not an issue because many companies do not check credit! Even bankruptcy, bounced checks, and charge-offs don’t prevent you from getting the cash advance you need! You mainly have to prove that you have the ability to repay it.
All individual payday loan lenders have their own guidelines… but the most common are:
- Have a current job (or regular income like social security, SSI, retirement, etc.)
- Make at least $1000 per month
- Are 18 years of age or older and a U.S. citizen
- Have a checking, or savings account
How Much Can You Qualify For?
How much you qualify for depends on the individual company, and a number of factors. It is common for some companies to limit first-time customers at $100 to $500. Others will let first-time customers apply for as much as $1000. Once you establish a good payment history with the the company, you can borrow more… if you choose.
What Does a Payday Loan Cost?
Some companies post their fees right on their websites. With other companies the actual fees for the particular amount you request are determined based on the information you provide when you submit your application.
You ALWAYS will have the option to not accept it. You are NEVER obligated to accept a cash advance just because you submitted a online application.
With some payday loans for bad credit companies a loan of $100 could cost as little as $10. Others can be as much as $35. So if you borrowed $100 you can expect to payback a total of $135. So the key is to simply shop around and compare. The company that charges $10 per hundred may only loan a maximum of $100. While the company that charges $35 may loan up to $1000.
When Do You get the Money?
Once you have applied for an online payday loan, all companies will follow up with a contact by phone. Obviously, the purpose of this is to verify your information and explain the terms to you. This is where you have the option to accept… or not accept… the cash advance. If you choose to accept… the key is how quickly can your information be verified!
Most companies can wire the money directly to your bank account within 24 hours. And as stated earlier many lenders say they can do it in even less time. Once the money is in your account, you can then access it from any ATM machine. Or, if you have online banking… access it right from your computer.
When Do You Repay?
It’s important to keep in mind that this is a short term loan! The minimum required payment is typically due in approximately 7 to 14 days depending on your own next pay day occurs. All payday loans for bad credit companies will let you know the exact amount, and the exact date. You will know all of this BEFORE you agree to the cash advance.
As that day gets near and you know you may not have all of the payment… contact the company. Most payday loan companies will work with you! They have options that will allow for a refinanced, or restructure of the pay period to give you more time.
HOW WILL A PAYDAY LOAN FOR BAD CREDIT BENEFIT YOU?
* No Credit Checks
* Only Required to Verify your Monthly Income
* Money Deposited Directly to your Bank Account
* No Trips to any Loan Office
* Free Application 24 hours a day, 7 days a week
* No Obligation Unless you Accept
* Learn Everything Upfront, Before you Accept
* Very Confidential
* Easy and Hassle Free
* Fast Process
* Access to the Money at Any Time
Click on the link below. Submit a Free Application, just to see what’s available! There’s Absolutely No Obligation just to find out what your options are.
A representative will Contact First. You will know everything upfront.
Then You Decide! You choose whether, or not, to accept the advance!
Upon approval the money will be deposited directly into your bank account!