Cash Advance Payday Advance Loans - Get up to $1500 Cash Advance in Minutes

Aug. 27, 2010 - PRLog -- A payday loan or cash advance is an unsecured, short-term cash loan to help you until your next paycheck. The payday advance can be used at your own discretion to pay off bills, or cover small unexpected expenses while avoiding costly bounced-check fees and late payment penalties.

Contrary to qualifying for traditional credit, there are no credit checks performed when applying for a payday advance, which makes it quite easier to get cash even with bad credit.

However, to qualify for a paycheck cash advance loan, you will have to;

  Be currently employed or receive regular income.

  Make at least $1000/month.

  Be 18 years of age or older and a U.S. citizen.

  Have a checking or savings account with direct deposit.

Your first loan will be based on the information you provide in your application and you may borrow up to $1500.

The fees charged are often very competitive and in compliance with all applicable state and federal laws. Depending on the lender, fees can range from $25 to $30 per $100 borrowed. For example, if you borrow $300 then the fee will be between $75 and $90.

There are however, no charges to apply or qualify for a payday advance.

To apply for a payday loan, you will fill an online application form and provide personal information such as your name, address, employment information, banking details, and picture identification in order to complete your payday loan request.

The application process is highly secured to maintain the safety of your personal information, and all sensitive data transmitted uses 128 bit Secure Socket Layer (SSL) encryption technology.

The application process is faxless meaning, there is no need to fax any personal details since the lending company will instantly get all the necessary information online.

Once you have provided and submitted all the necessary information, your loan application will be processed within 30 minutes upon being received.

Submitting an application does not obligate you to take out a loan, but simply states that you wish for an agent to approve and contact you to discuss your payday loan options. You may ask any questions or withdraw your request if you so choose.

Once approved, you will receive an email notification and may collect your loan the next business day. Your bank account must be set up with direct deposit to qualify for a cash advance since it is the most secure and quick way to offer loans.

At the same time, you will get a scheduled repayment date so you will not have to worry about bouncing a check or missing a payment deadline.

Each state has different rules and regulations regarding loan due dates. Typically, repayment is scheduled on your next payday (between 8 and 25 days away).

All payday loans must be repaid before you can be granted another cash advance meaning you cannot have more than one payday loan at a time.

Paying off your loan before the scheduled due date may entitle you to a partial refund of your loan fee. However, if you cannot repay the full loan amount by the due date, it is possible to request for a loan extension.

In paying back the loan, you can either opt to;

 Pay off the full loan on the maturity date listed per your loan agreement,

 Pay the finance fee and a portion of the loan principle on or before the maturity date,

 Or pay only the finance fee on the maturity date.

Payday loans are always available online when you need financial assistance but keep in mind that such loans are a short-term solution to an urgent need for cash, and should not be repeatedly used to deal with continuous budgeting issues.

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