Cash Till Payday: Fast & Easy (24 hours online approval)!
Cash advance loans till payday are small, short-term loans to help with temporary cash flow challenges. Most of these loans are for two weeks to a month and are usually for a few hundred dollars to push the borrower till payday.
You are required to write a check to the lender for the amount required plus the fee; they will then cash it when you are ready to repay the loan. And when you are not able to repay the loan within the required period, it will be rolled over into the next period and results in fee accumulation.
To get the cash advance loans till payday, you don’t need to have a good credit score hence the term no credit check loans. Getting approved to get these loans is much easier than for the traditional loans making them more attractive for those with financial challenges.
These payday loans have five main features:
- They are for small amounts.
- They come due at the next payday.
- The lenders must have access to your checking account; alternatively, you can write them a check in advance for the full amount due, and they will cash it when you are ready to pay back.
- Most of them are structured to be paid off in one lump sum amount although some may be repayable in installments over an extended period.
- Rollovers and interest-only payments are common.
The lenders disburse the loans in various ways including cash, check, loading the funds onto a debit or prepaid card or transferring it to your checking account.
Cost
The cash advance loans till payday have a finance charge which ranges from $10 to $30 for every $100 you borrow. This typical two-week loan translates to almost 400% interest per annum. In comparison, the APR on credit cards ranges from about 12 to 30%. This makes payday loans extremely expensive.
Applying for a payday loan!
Every financier has a different way to apply for the cash advance loans till payday but there are many similarities. You can apply online (5 min form!), in the store or over the phone in simple steps that take a very short time to complete.
Some will require a minimum amount of income and a minimum time at your current job to qualify for the loan. In general hey will require your identification number, name, phone number, email and physical address and birth date to show that your age passes the limit for loan application. Other required information includes your pay frequency, gross pay, net pay, and employer details.
When applying online, you can apply any time day or night from your smartphone, computer or even tablet. You fill your application online and the funds are loaded to your checking account in a few hours.
Some lenders have physical offices where borrowers can visit during the day, speak to a customer service representative then fill the form to have the process started. Some lenders will give you the option of paying in cash before the due date.
So many lenders have a phone service from where customers can apply for the loan without having to visit their premises or go to the internet. All the required information is gathered through the phone conversation with the customer representative. Once approved, you will get the funds in the back account provided or by check if desired.
Where to get the payday loans?
Many financial institutions are today providing cash advance loans till payday. Since so many people run into financial troubles before the pay day, there is a high demand for the short term loans. This increased demand has roped in even banking institutions. The profitable APR, these types of loans offer, has forced banks to structure the service for little income earners and those with a need for small short term loans.
The payday loan stores are available in every town (lenders nearby at #1Payday.Loans), however if you have no time to reach them, you can always call those who offer phone applications or visit their websites to apply online at your convenience.
Once the loan application is approved, you most likely will get a call on the next step, signing the loan documents, this can be done at the store or online. Rom here, the loan amount will be deposited into your bank account or other disbursement options. When you chose AutoPay, your payment will be processed automatically using the debit card or bank account information you provided so you don’t have to worry about forgetting to repay the cash advance loans till payday when it falls due.