Posts Tagged ‘Paycheck advance’

Use Payday Loans wisely in an emergency

Monday, February 8th, 2010

Payday loans can be used for emergencies such as car repairs, medical bills or any other time that you wind up in a financial crisis. They are a short term loan designed to be paid back in a short period of time, and may have high interest rates, but are very easy to get.

To apply, there are many ways that you can do this. You can apply in person at a local check cashing places specializes in these types of loans, on the phone or even over the Internet. It is very easy to find a place they can assist you in giving the money that you want.

Many companies have requirements, and you will have to have a valid ID and in most cases, a valid checking account, although there are companies that allow savings accounts to be used. Some places require proof of income, although if you are self-employed you may still qualify for one. Each individual company has different requirements that they have for you to obtain the loan, so shopping around can help you find the right one for you.

If you apply in person, you can expect to write a check that is post dated until your next pay period for the amount of the loan plus the fees. Once you’re paid, you return to the store and pay cash and get your check back. This allows the company to be able to deposit the check if you default on the loan.

If you applied for a loan online, you may have to fax in your identifying paperwork and they will electronically deposit the money into your account within 24 hours. A scheduled repayment plan is determined by you when you apply, and they will electronically withdraw this amount on those days.

Most of the time, you’ll only be able to receive $300 the first time that you take a long out. You can get up to a thousand dollars after you have proven that you are a good customer. These loans are typically repaid on your next pay day, and the finance charge can be fifteen to thirty dollars for every hundred that you borrow.

Finding these companies as easy as an internet search, watching television ads or even looking in the phone book. The way you decide to apply for the loan will determine where you go for the loan application process. Many times, it is is very easy and you can have the money next day at the latest.

Be aware that not all states are eligible for these loans. If in doubt, look on the Internet for the state’s that are excluded. You are also able to find the legal terms of the loans, so that you can make sure that the fees are within the state limit so that you can protect yourself from being overcharged.

Payday loans are not a long term solution and should only be used in the event of an emergency. They can be a viable source for funds as long as you are a responsible borrower.  Give us a try at

Payday Loan Tree is here!

Sunday, January 3rd, 2010

Come on over and take a look!

Benefits of a Payday Loan

Wednesday, December 30th, 2009

A Payday Loan is simply a cash advance until your next pay day. It is a short term unsecured loan which should be paid back in full once your salary is paid into your checking account.

Payday loans were devised especially to help people who needed cash quickly because of some unexpected emergency bill that needed to be paid straight away and they had no other way of raising the cash in enough time. Payday loans are convenient but convenience comes at a price and these types of cash advances should never be used to raise cash quickly unless it is absolutely necessary.

By the very nature of its name you will find that a payday loan’s term is going to be around two to three weeks until you are paid. Some loan companies will look at restructuring your loan should you not be able to pay it off once you have been paid. Because payday loans are so easy to get by comparison to other lending alternatives, don’t forget why you would want to get one and the typical fees, interest rates you will have to pay. So by all means enjoy the benefit of getting a loan quickly but only ever go for the least amount you need and take into consideration the impact the loan will have on your cash flow when you get paid at the end of the month.

One of the biggest benefits is the speed and ease of application. At will find the lender for you with one easy and secure application!
• Different payday loan lenders offer varying terms and conditions. By doing some research online choose the one the suits your individual circumstances best.

• Although you are applying for a payday loan out of necessity to pay an unexpected bill for example, calculate the full loan payment amount to be sure you can and will be able to pay it back when you get paid.

• Complete the online application. Depending on the payday loan you have opted for and the lender you use will depend the amount of documentation you may need to fax them.

• Approval can be as quick as 15 minutes however it will definitely be approved within 24 hours.

• Once approved the cash is deposited in your checking account by the next business day.

All in all a payday loan is probably the easiest and quickest cash advance process there is online. Just be aware of the overall cost to you by using this service:

• Fast method to obtain a cash advance.
• Easy and straightforward online application form to complete.
• If you have a bad credit history it is usually not a problem.
• For a number of services you do not have to fax your details.
• Online application process and approval

Of course we would all like to be in the position of having an emergency cash fund that we could use whenever. Unfortunately for most of this is not the case. So if you do not have access to a cash resource to deal with an unexpected payment and you have either a bad credit history or no credit history at all (not advisable) a payday loan will be the best option for you. Visit today for a quick, easy and secure application. Have money in your account tomorrow. At Payday Loan Tree, money really does grow on trees!