Easy Access to Fast Cash Through the Best Payday Advance
Millions all over the country are finding payday advances as the best option available for a cash emergency. In 2009, it was reported that over a million people in the UK applied for a payday advance and more than 30 percent of these people had above average household incomes. It is the basic loan features of the best payday advance that make it the first choice of people who need quick cash.
The best payday advance provides fast cash access during an emergency
A payday cash advance can be the best answer if you urgently need a relatively small amount for an emergency or unplanned, yet important, expense. Payday cash advances are usually for small amounts starting from £ 70 or £ 80. There are some lenders that offer payday loans of up to £ 1,000. The loan amount that one can borrow depends on one’s income or paying capacity.
The best payday advance is offered for a reasonable fee
Almost all payday loan companies do not charge any application fee for payday advances. The rates that the different cash advance companies have are found on their websites. Usually, an annual percentage rate is given, and there are payday advance companies that charge a flat rate for cash advance payday loans. The average fee for every £100 is approximately £25. The fee is paid together with the loan amount on the due date.
The best payday advance has flexible repayment terms
Although payday loans are normally due on your payday right after the approval of your application, the best cash payday advance companies do offer flexible repayment terms.
The allowable range of repayment terms is usually from eight to twenty five days. There are some cash advance lenders that allow repayment to be done in 45 days or even longer. Extension of repayment terms can also be granted upon request for an added fee.
The best payday advance requires no collateral
You do not have to worry about presenting a collateral when you apply for an advance with a payday advance lender. Advance payday loans are unsecured loans and require no collateral. Your paycheck on the next payday serves as your collateral for a payday cash advance.
The best payday advance is available even to persons with bad credit
A payday advance is a short-term loan that requires no credit check. Even individuals with bad credit may apply for an advance payday loan.
The best payday advance requires compliance with very simple qualification criteria
The best payday advance is processed online
Applying for a payday advance is so convenient. You do not have to go to a physical loan store to apply for one. You can apply for a payday advance from any place that has Internet access. Some of the best payday advance lenders offer around the clock service. Some even process applications on weekends.
The best payday advance companies have websites that feature their services, their requirements, their loan process, frequently asked questions, etc. Loan application forms are also found on their websites, and are submitted electronically. Loan approvals and loan amount transfers are done online, too.
Since loan application, loan processing, as well as loan releasing, are all done online, you can expect the service that the best payday advance companies offer to not only to be convenient. but fast.
The best payday advance application process is short, simple and secure
The application forms usually ask for very basic personal information, like complete name, address, employer’s name, income, and bank account details. The form will take just a few minutes to fill, and the best payday advance companies ensure secure online application. Information you supply these companies are treated as confidential and will not be shared with anyone else.
The application for a payday loan from the best payday advance companies is also a faxless process. There is no need to fax documents to support your application.
The best payday advance is available within 24 hours
Payday advances are usually for emergencies, and that is why processing of this type of loan is fast. As soon as the loan application is submitted electronically, it is processed at once. Online approval of loan amount is expected in just a few minutes. Some cash advance companies even promise instant approval.
Payday cash advance loans have a high approval rate, which is why they are a very reliable source of fast cash. Once loan approval is granted, an electronic deposit of the payday advance follows, which is done in a matter of hours. You do not have to go to the office of the cash advance lender loan companies office to get your loan. This is added feature of payday advances that make them the wise choice in an emergency.
Online payday loan service is fast and convenient. When faced with a financial emergency, the best payday advance is one of the best alternatives in securing the cash needed as quickly as possible.