Pay1Day, a leading online payday loan company, has introduced a revamped website that features a fresh look and feel, easy-to-use and navigate theme, more informative content, and a Money News blog, updating readers with the latest in financial news.

The new look was made to help customers better use the website, read and understand what payday loans are and how to get one, as well as help inform them about the financial industry, making it fun, entertaining, and educational.

Despite the new additions, Pay1day’s core mission remains the same: To help customers bridge the financial gap between paydays by providing immediate cash assistance in the most easy, quick and convenient way possible.   Pay1Day’s guidelines for getting a payday loan are simple and hassle free mainly requiring full time employment bringing in $1000 monthly minimum income, a checking account in good standing, and be at least of 18 years of age.

Pay1Day invites you to apply for a payday loan through a safe and secure application using their redesigned fresh and fun website. Click here to try now!

There are some similarities between a Payday Loan and a Cash Advance, however, they are different in their collateral, credit qualifications, and repayment terms.

A Payday loan is a short term loan that is due when the borrower’s next paycheck arrives which is usually a two week term.    With a payday loan, the borrower writes a postdated check to the lender in the full amount of the loan plus the finance fees.  On the check’s maturity date, the borrower is expected to repay the loan either by writing a traditional check or having the lender withdraw the amount from the borrower’s checking account automatically.

The main qualifications of acquiring a payday loan are usually based on the borrower’s employment and having a checking account, not based on credit, therefore, making these loans easier to obtain because it does not depend on having good credit.   Payday loans usually do not depend on bad credit.

Borrowers can visit a physical payday loan and fill out a paper application or go to a online payday loan website and fill out an online application and in many cases, obtain an approval the same day and have cash deposited in their bank account within one business day.

A cash advance is a cash withdrawal drawn again a borrower’s credit card with the limit being the limit of the credit card or a percentage of it.  Cash advances done on a credit card usually have a fee and at an interest rate that is higher than made during a store purchase.   Cash advances do not have an interest-free period like credit purchases which usually gives the borrower the option to pay the full credit balance in full every month without a fee.   Borrowers can receive a cash advance at any bank that issues that type of credit card without a PIN number.

#1 No Credit Check Cash Advance – Bad Credit Ok!

With Pay1Day.com, we offer no credit check cash advance. We don’t care how your credit is because we don’t check! All that is required is that you are currently working and that you have an active checking account – so don’t waste time or worry about credit check cash advances.   The process is easy – it just takes a couple of minutes to fill out a short online form and we handle the rest! Within minutes, you can find out whether you have been approved for a Cash Advance Loan.  Pay1Day.com is here to help you make this process simple, fast, and easy – Click here to Sign Up Now!

#2 Online Faxless Cash Advance Application

Pay1Day.com gets you your faxless cash advance quickly!  Our goal is to get you approved with the cash in hand as soon as possible without any hassle or faxing as quickly as possible.  We want to get your loans approved without credit checks, unnecessary paperwork, or faxing.  Our friendly customer service representatives are dedicated to getting you your faxless cash advance loans immediately – what are you waiting for, Apply Now!

#3 Get Instant Cash in Your Checking Account

Not only is our application process simple, fast, and easy, we can get you instant cash ready to use in as little as two hours.  With Pay1Day.com, you don’t have to wait for weeks or even days to obtain your instant cash, in many instances, we are able to deposit  instant cash into our customer’s bank accounts in as little as a couple of hours.    Get Instant Cash Now!

#4 Bad Credit Cash Advance

Pay1Day.com offers cash advances to any kind of credit borrowers, even bad credit cash advances.  We do not care what kind of credit you have.  Our goal is to get you approved for a cash advance, regardless of bad credit.   We have approved numerous bad credit cash advances on a regular basis.  Apply Online Now!

#5 Pay Any Bills With A Cash Advance Loan

With a cash advance loan, you can pay any bills or do whatever you want with it – the choice is yours.  After a short and easy approval process, you can do whatever you want with your cash advance loan. Pay off a credit card, use it to repair a car or house, or go out to eat.   Apply Online Now!

Los Angeles, CA (PRWEB) October 27, 2009 – With the current struggling economic conditions, traditional lending practices such as bank loans are being cut. To help customers who need immediate cash assistance, Pay1day.com, an online cash advance company, is offering a quick and easy way to obtain needed funds.

With banks restricting their lending practices and increasing interest rates, penalizing consumers with outrageous overdraft fees, and refusing credit to many consumers, including those with good credit, consumers are forced to look into cash advance loans, such as the one offered by Pay1Day.com to help immediate needs.  Pay1Day.com is committed to helping customers out of their financial bind by providing quick and friendly service without the strict borrowing guidelines that are common within traditional bank loans.

Pay1Day.com provides fast, easy, and courteous cash advance approvals.   After the customer fills out a short online application, they will be contacted promptly by a friendly customer service representative who is there to help facilitate the process.   Within minutes the customer can find out the approval status of their cash advance loan and have the money deposited directly into their checking account within 24 business hours.

With Pay1Day.com, the main requirements are a verified employment and a checking account.  There is no credit check or no set minimum balance required within a checking account.   Pay1Day.com’s low-barrier guidelines make it easy and convenient to borrow quick cash for the customer.  In addition, Pay1Day.com has no hidden fees, providing full disclosure to the customer regarding interest rates, terms, and conditions.

About Pay1Day.com

Pay1Day.com is a web-based company specializing in providing immediate cash advance assistance to consumers.

Pay1Day.com, a web-based company specializing in providing immediate cash advance assistance to consumers, offers some helpful financial tips to consumers.    As the economy struggles and bank lending guidelines tighten, customers are encouraged to reassess their finances and figure out ways to stretch their dollar and save money.

Think Local

Pay1day.com recommends using more creativity than cash for vacations and special luxuries.  Instead of jet setting to Paris or a Cruise to the Caribbeans, the company suggests an alternative camping trip at your local national park or beach.    Some of the best quick vacation ideas can be less expensive and more obtainable.  All a person needs is a little imagination and creativity.

Smart downsizing

Housing costs can be one of the biggest expenses within a person’s monthly budget.  Pay1day.com recommends living within one’s means and moving to a smaller place or to a more affordable neighborhood.   The same kind of mentality can be used for other consumption such as automobiles, clothing, and entertainment.   With the right research, one can find more suitable and affordable solutions that can result in dramatic savings.

Using and understanding credit wisely

Understanding one’s budget as well as credit terms and conditions such as interest rates and repayment schedules are a necessity for financial success.   Pay1day.com advises consumers to define reason for borrowing and using credit and to determine whether the credit can be paid back easily.  If a person is using it to build credit or to get out of an emergency situation, such as a car repair or a medical expense, then a service such as instant cash advance can come in handy. However, if one needs to borrow constantly just to survive while finding it extremely difficult to repay, then it is essential to take a step back for financial reassessment.

For more helpful tips on managing your finances and loans, please visit Financial Tips.