Posts Tagged ‘payday advance’

15
Sep

Why Use A Payday Loan?

Posted by Emily

The average payday loan consumer takes out cash advances or small personal loans for immediate and unexpected emergencies that may be for, but not limited to, common necessities such as food and gas. It is a great option for those who are in need of immediate assistance.  With the economy in the plummeting condition that it has been in, it is not unthinkable that more and more families would find themselves in situations where a few hundred dollars on a short term basis would come in handy. In many cases, what has happened is that many  have used up financial resources and savings to cushion themselves during job loss or other economic stresses. Once those resources are used up, it can take many families months or even years to replenish their savings. Additionally, for those who have recently become employed, there also may be instances where a short term would be useful especially in cases where ordinary savings may have been unexpectedly depleted or inaccessible. In those cases, payday loans can provide temporary relief to individuals who may not have enough sufficient time to wait until their next paycheck.

Payday loans often have reasonable fees ranging from $16-$52 depending on the amount of the loan. The benefit usually far outweighs normal fees associated with the loans.   In uncertain times, many consumers have voiced that they are glad to know there is an option of immediate cash available on a short term basis.  Life can bring up many unplanned surprises. Now that online payday loan services are readily available it takes one less unknown factor out of the equation. Today it is easier than ever to apply online. One can do this without faxing and do so simply by entering a few lines of info and get approved quickly.   Click here

  • Share/Bookmark
11
May

More Resources on Our Website

Posted by Al

We made a few changes on our website.

Also we added more articles to our payday advance page in order to better educate you about payday advance loans as well as our personal payday loans and cash advance, and payday loan resource, and direct payday lender pages.

As always, please remember our objective is to preset you, our customers with the best payday loan information possible to you can better take a decision when you need fast cash loans.

  • Share/Bookmark
22
Mar

Things to consider when taking out a payday loan

Posted by Sara M. Varese

If you need some quick cash and are unsure whether you should take out a payday loan, consider a few tips that may help you through the process smoothly and avoiding common mistakes.  Payday loans are short term, small amount cash loans ranging from $100 – $1000 and are  meant to be taken out in between pay dates as a temporary means to fulfilling immediate cash needs and are utilized best when they are repaid within the immediate next pay period.

Get a payday loan?

Before you take out a payday loan

Ask Yourself What You Need the Loan For: Why do you need to take out an immediate cash loan? Are you in a tough situation or are you looking for some extra spending cash? Although payday loans are easier and faster to obtain than most other lending options, remember that they are meant to be taken out for a short period of time and repaid during your next pay check, which usually is for 7 – 14 days. Because interest rate fees can increase quite quickly, they may soon exceed the amount of the loan itself if they aren’t repaid quickly.  Therefore, just make sure that your reason for taking out a loan is worth the repayment criteria.

Do you have other options? Do you have any other means of borrowing cash like from friends or family?  With the right agreement in place, you can successfully borrow from a loved one and pay them back on your agreed upon date.

Understand the Terms: Again, payday advance loans are short term loans.  Because their loan amount is small, most lenders have to charge a proportionately higher interest rate and require a faster repayment period than other types of loans. Learn what the fees and interest rates are and when you should pay your loan back to best suit your needs.  In general, the faster you can repay the loan back, the better.

After You Take Out a Loan

Now that you have taken out the cash loan, remember the terms and conditions and follow them! It’s that easy. Put it on your calendar, daily planner, or send alerts to yourself to pay back the loan on time to decrease fees.  The better you are at handling your finance the more credit worthy you become, making it easier to obtain other types of credit.

With Pay1Day.com, you can get cash wired directly into your account next day.  With an safe and secure online application, instant approval with no credit score checks or faxing, we are the leading direct payday lender dedicated to helping you out.  As part of our service, we advise you on whether a payday loan is right for you.


  • Share/Bookmark
16
Mar

The Difference Between Payday Advances and Paycheck Cashing

Posted by Sara M. Varese

Payday Advances Vs. Paycheck Cashing

Have you ever wondered what a payday advance was or what paycheck cashing is? Is there a difference? Yes, there is a difference!  One is good for cash when you don’t have it and the other is good for getting cash from a check when you don’t have a checking account.

Question regarding difference between payday advances and paycheck cashing

Payday Advance: A payday advance is getting a cash loan using your future paycheck as collateral.  How it works is that you write a post dated check for your next pay date, made out to the payday advance lender, and in the mean time, the lender will give you cash in the amount of the post dated check, minus a payday advance fee. If you apply online for a Payday Advance, you can get the cash that you need very quickly from the privacy and convenience of your own home, usually in just one business day.

>>> Apply for a payday advance now <<<

Paycheck Cashing: Those who do not have bank accounts and need to get their checks cashed will probably want to use the services of a paycheck cashing store if they can’t use the services of the check issuing bank.  For example, let’s say a person who was paid by his or her employer with a paycheck needs to cash the check to obtain the money, however, he or she does not have a bank account. This person would either cash the check at the banking institution that issued the check or at a paycheck cashing store, which is usually more local and easier to get to than a bank for a small fee of about 2 – 4% of the check amount.

The real difference is that a payday advance is getting a money loan now, that you will be repaying later, based on a future check, and a paycheck cashing is cashing a valid check  at a store that would honor it, because you don’t have access to a bank that can do it for you.  Have more questions? Read more about the difference between paycheck cashing services and payday advances here.

  • Share/Bookmark
27
Oct

Pay1Day.com Offers Easy Cash Advance Loans for Immediate Financial Needs

Posted by Sara M. Varese

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.

  • Share/Bookmark