Tag Archives: monday
Payday loan: A complete overview (Page 1 of 2)
From different surveys, it is seen that the number of customers taking payday loan as well as payday lending companies are increasing frequently. If you are a person taking the payday loan for the first time or want to gather information regarding payday loan, then this article will be of great help to you.
Definition of payday loan:-
Payday loan is a very short term loan. Usually the term is 1-2 weeks. There are other names of payday loan like – Cash Advance, Paycheck loan, Check loans, and Payroll advance loans. After you get your paycheck, the loan is to be repaid. If you can not repay the loan amount plus lenders charges for payday loan on your payday, you can rollover the loan amount by paying extra fees to the lender plus you have to pay the interest along with for the rollover period. So, payday loan can be termed a Loan Sharking. Necessity of payday loan:-
By the end of the month, you may face some problems in maintaining some urgent family expenses like paying off your Medical Bills, Phone Bills, and Electric Bills, House Rent or some other utility bills. These things usually happen when you fail to maintain a proper budget at the time of getting your paychecks or not keeping your expenses up to your income limit. Hence in order to meet such urgent expenses you need a payday loan.
Payday loan companies:-
There are so many companies who are promoting check cashing facilities online. Besides some banks and other financial institutions also provides you with a payday loan. You can apply online for a payday loan or you can visit physically to an institution to avail a payday loan.
Conditions to be satisfied to get an instant payday loan:-
The criterions of different payday loan companies are- 1. You must have a job or there should be a regular source of income. 2. You should have a Checking A/c in a bank. 3. You should be an US citizen. 4. You should be at least 18 years of age. 5. Your monthly income should be at least $1000 Per Month. For more, please visit
Payday Advance
What Is a payday advance? A payday advance is a very short-term loan. This is a cash advance that has to be repaid by the next payday from the day the payday advance has been deposited into your account. This makes the duration of a payday advance a maximum of three weeks, and is the easiest way to get some fast cash into your bank account or pocket.
Who is eligible to receive a payday advance? If you want to apply for a payday advance, you must be an American citizen with a valid checking account in the United States. You will also need to have a steady job drawing a regular salary for the past six months. Additionally, you will have to be at least 18 years of age to receive a payday advance.
What is the process to access a payday advance? Securing a payday cash advance is one of the fastest and the easiest ways to get cash into your pocket. The procedure is simple, and there is no security or credit check like the other financial institutions require. With Check Into Cash Payday Advance Centers, you can collect the cash you need to tide you over until your next payday.
At the time of this writing, Check Into Cash, Inc. operates more than 1,250 centers nationwide with more to come. Most of their cash advance stores are open from 10 am to 6 pm Monday through Friday, and Saturday from 10 am to 3 pm.
Some companies use online software to instantly contact your bank and verify that your salary has been deposited on time for the past few months before they transfer the payday advance to your checking account. This procedure takes one working day. In order to get the payday advance into your checking account within 24 hours, you will need to apply for the payday advance Monday through Thursday. If you apply on a Friday, you most likely wont receive the payday advance until Monday, as Saturday and Sunday are non-business days.
The basic advantage with Check Into Cash is that you do not have to wait for the cash to be deposited into your account — the process is more or less instant and you get your (post dated? If it is post-dated, how can they cash it instantly) post-dated check cashed immediately over the counter. Just ensure the cash is in the bank by the next payday - you never know when you will need another payday advance.
So if you need some money to help alleviate a cash crunchwalk into any Check Into Cash Payday Advance Center location. Bring your latest bank statement (just to prove you are getting a salary), some form of photo ID, and a post-dated check. You will get cash in your hands within a matter of minutes. Nothing could be more convenient.
Still need more information? Just pick up the phone and call 1-877-262-CASH for any help you might need.