Tips on Getting Paycheck Advances
Payday loans are repaid within a certain time frame, usually two weeks. Usually, all that is required to get a payday loan is to be over 18 years of age, fill out an application and provide items such as paycheck stubs and a photo ID. You should also be making over a thousand dollars a month at your job. Then you sign a loan contract, write a postdated check to the lender, and receive your money.
Requirements for payday loans may vary from lender to lender, but typically what you will do is post-date a check (3 days to 12 weeks) with the amount of your loan plus interest. You are usually able to pay back your loan before the date on your check and save some interest charges.
Payday advances vary. You can get them in amounts of $100, $500 or sometimes up to $2000 or more. You will either receive cash, a check or electronically deposited funds into your checking account overnight, the next business day or in 2-4 business days. This can help you avoid NSF charges at your bank.
Paycheck Advance Tips
* Find out the exact terms of your payday advance loan.
* Make sure you know the amount of interest you will be pay.
* Try to pay back your payday advance loan before it is due.
* Try to get cash overnight or the next business day. You probably need cash now, not in 3-5 days.
* Find a payroll loan that will not require a credit check.
* Find a paycheck loan that does not require a credit check.
* Get a paycheck loan from a lender that is flexible and easy to get a hold of and communicate with.
Who Can Apply for a Payroll Advance?
Even people with limited cash options, unstable credit, bad credit or low-income individuals can obtain paycheck loans. Many lenders won't require a credit check regardless of your credit history.
Sometimes the longer you use a certain payroll advance service, the better line of credit you can obtain as long as you are making your scheduled payments. Some will also let you extend your loan if needed.
Paycheck loans are not the only solution for people in need of short-term money. There are many alternatives to these loans like loan options from local banks or credit unions. You can sometimes get salary advances from your employer. You can also get a credit card advance. If you are looking for money to pay a creditor, you should first contact the creditor and discuss working out a plan for repayment. If you explain your situation, most are happy to help and work with you.
Requirements for payday loans may vary from lender to lender, but typically what you will do is post-date a check (3 days to 12 weeks) with the amount of your loan plus interest. You are usually able to pay back your loan before the date on your check and save some interest charges.
Payday advances vary. You can get them in amounts of $100, $500 or sometimes up to $2000 or more. You will either receive cash, a check or electronically deposited funds into your checking account overnight, the next business day or in 2-4 business days. This can help you avoid NSF charges at your bank.
Paycheck Advance Tips
* Find out the exact terms of your payday advance loan.
* Make sure you know the amount of interest you will be pay.
* Try to pay back your payday advance loan before it is due.
* Try to get cash overnight or the next business day. You probably need cash now, not in 3-5 days.
* Find a payroll loan that will not require a credit check.
* Find a paycheck loan that does not require a credit check.
* Get a paycheck loan from a lender that is flexible and easy to get a hold of and communicate with.
Who Can Apply for a Payroll Advance?
Even people with limited cash options, unstable credit, bad credit or low-income individuals can obtain paycheck loans. Many lenders won't require a credit check regardless of your credit history.
Sometimes the longer you use a certain payroll advance service, the better line of credit you can obtain as long as you are making your scheduled payments. Some will also let you extend your loan if needed.
Paycheck loans are not the only solution for people in need of short-term money. There are many alternatives to these loans like loan options from local banks or credit unions. You can sometimes get salary advances from your employer. You can also get a credit card advance. If you are looking for money to pay a creditor, you should first contact the creditor and discuss working out a plan for repayment. If you explain your situation, most are happy to help and work with you.
About the Author:
Sid has done research on getting emergency cash and avoiding common pitfalls. Make sure you choose the best payroll advance loan for you at his website.
posted by Debt Consolidation Loan at
12:54 AM
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