If you find yourself broke and payday is still a week away, you can make sure you always have cash available with a payday advance loan. These loans are simple to apply for and usually just require proof of income to qualify.
If you have been denied credit in the past, don't worry. Most payday loan companies will not run a credit check. This means that your credit history is just that: history. You no longer need to let your past mistakes affect your current financial situation.
The following information will provide everything you need to know to qualify for a payday loan, and hopefully help you get the best deal available.
Online or in-store
While payday loans were traditionally only offered at brick and mortar locations, today there are many competitive, online options for receiving loans. NationalLoans.com offers several payday advance loan options for you to choose from.
Online lenders make the application process extremely convenient. Usually a simplified step by step procedure will determine if you are eligible. All you need is a bank account statement to prove your income. You may be required to fax a copy of a blank check, but often account information can be transferred electronically. Furthermore, the internet makes comparison shopping easy and simple. Online processing usually requires up to 24 hours for your first loan.
If you choose to apply in person, simply look up the address of a convenient payday loan company. Appointments are unnecessary. You can call ahead to see what type of paperwork is required. Usually you'll need a bank statement and/or recent paystub. A blank check or checking account number and photo ID. At an in-store lender you can typically have your cash within an hour.
Repayment of your payday loan is usually required on your next payday. This, however, is another opportunity for you to comparison shop. Some lenders will allow up to 100 days before payment is due. Depending on your financial circumstances, more time might be more important to you than other factors.
Repayment is usually automatically deducted from the account in which you receive your paycheck. Depending on your lender, you may have the option of paying in person, or having your repayment spread out into installments.
Discounts and fees
Fees and interest rates can be extremely variable, and are often based on state lending rules and regulations. Take some time to see what types of bonus offers or discounts may be available to you. Many companies offer cheaper loans for new customers in the hopes that you will become a repeat borrower.
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Watch out for hidden fees. Make sure to read the fine print and ensure you understand what you are paying for and how much you are paying.
Find out what the penalties for late payments are. Furthermore, ensure that the company you are dealing with is licensed to lend money in your jurisdiction.
Protect yourself and your account information by using a reputable lender from NationalLoans.com.