Tuesday, August 19, 2008

Payday Loans Online

A payday loan (also called a paycheck advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. Typical loans are between $100 and $500 and are due in two weeks, with interest rates of up to 400% APR. On a two-week loan, fees average $15 for each $100 lent. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card.

Payday loan online are marketed through e-mail, online search, paid ads, and referrals. Typically, a consumer fills out an online application form or faxes a completed application that requests personal information, bank account numbers, Social Security number and employer information. Borrowers fax copies of a check, a recent bank statement, and signed paperwork. The loan is direct-deposited into the consumer's checking account and loan payment or the finance charge is electronically withdrawn on the borrower's next payday.

9 comments:

Chris said...

Payday Loans are there to help out when you are a little short on cash. They are very easy to get, cheaper than bouncing checks and completely confidential. That is why they are used by millions of people in all walks of life.

Hapi said...

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Chris said...

Payday Loans are great! With dramatically rising costs and unforeseen expenses all of us face financial crunches at times. A payday loan is the perfect remedy to bridge the days until you get paid again. They are hassle free, require minimal paperwork and get you the cash you need to stay on top of the game in no time at all.

Noel said...

Cash advances are available anytime for anyone who needs some last-minute cash. They are even available on-line, and the process is quick and simple.

Rocio said...

With kids going back to school and my pay check not coming in until next friday, I took out a Payday Loan for two weeks. Payday Loans great becuase I didn't have to use my credit card and bought everything I need to get my kids back to school.

Jessica said...

Payday loans are great to have around when you are in a bind. People talk down about them and how they are nothing but loan sharks. I have found that as long as you shop around to get the lowest fees you would be better off getting a loan then paying overdraft fees with you bank. Its quick , little info needed, lowest fee's in town and you walk out with the cash you need the same day.
payday loans online

Breezie said...

The charges on Payday loans are less expensive than bouncing a check or paying late fees. It's also a great option for someone who doesn't want to get caught up with credit cards debts. They can also help in a tight situation, its quick, and most places are open longer hours than banks.

Trista said...

Payday Loans are good when you are in a bind and need to catch up on your bills, they are quick, easy, and confidental.

Katryna said...

I think the Payday Loans system is great! Theres not a single person who doesn't have emergancy's and payday loans really help out.
There quick and easy and really do help