In today’s hectic life we may sometimes need some extra cash to pay an unexpected bill go on vacation or just to get through the month. People tend to ask for loans first from family and friends and if they can’t get one they contact a lender. Payday loans are small loans that anyone, over the age of 18 with monthly income and a checking account, can get guaranteed.
Where to get payday loans?
The internet is the best place to search for information, and you can find hundred of payday loan companies online with in minutes. Payday loans in essence are approved quickly and by applying for a no fax payday loan you can get a cash advance sometimes within just a few hours. People can apply for a bad credit payday loan and won’t have trouble getting the fast payday loan because a qualifying for this type of loan does not require a credit check. By applying online all you have to do is compare payday loan rates from at least 3 different companies and go with the best rate. Most lenders guarantee the best rates and therefore it’s wise to compare before signing the dotted line.
Payday loan approval procedure
After deciding on the lender you would like to borrow the money from you will need to fill out a form and send in some documents verifying your identity. If you have a steady salary that arrives monthly in your checking account and you are over 18 you are guaranteed to get the loan. Approval should take maximum 72 hours and you will find the full amount you borrowed in your checking account. When the repayment date arrives, anywhere from 14 to 30 days, your account will be charged the loan amount plus the rate you were quoted.