subject: Payday Loan Basics [print this page] How to get a payday loan...
A payday loan is one of the easiest loans to get. The approval process is quick and easy and can be done online at any payday loan representative website, or in person at a payday loans office. When you are in need of some quick cash a payday loan can be wired immediately to your bank account for quick access and quick use.
You don't need a good credit score to get a payday loan. You do have to have a valid bank account that will accept a wire transfer. The cash amount of a payday loan will be sent to your bank account via wire transfer. For this reason, before getting a payday loan you will need a wire transfer anyway.
Second thing you have to have to get a payday loan is a paycheck or source of income. You'll need to show the payday loan representative that you have a source of income or some proof of employment. The payday loan representative won't check your credit score, but instead wants to ensure that you are capable of paying back the payday loan within the agreed time.
Before applying for a payday loan make sure you know that you need to pay back a payday loan within thirty days, or by your next payday check. So, if you are asking for an amount on the payday loan application that you know you won't be able to pay back by your next payday and take care of your regular expenses, you'll need to re-think the amount or just be aware of the late fees and apr percentage so that you can plan to pay back the payday loan within a short amount of time following your next several payday(s).
If you know that a payday loan is the right thing for you to do in your current financial situation, here's what you need to bring to your payday loan application process: 1) Bring your identification information, address, phone number, etc. 2) Bring a copy of your most current payday check stub 3) Bring a copy of your most recent bank account statement.
If you're doing a payday loan application online then you may need digital copies of the above information or you'll need a fax machine to fax over the information.
A payday loan representative can help you with more details on the payday loan specifics. Every payday loan application will usually only ask for the above three pieces of information. Do a little research or reading up on the payday loan office of your choice. See if the apr and payday loan fees are comparably good to other payday loan offices. Also, you may be able to find discounts going on with any certain payday loan office depending upon the time of year and events going on for the payday loan representative(s).
Every payday loan representative will be happy to help answer your questions, for example, if you need someone to walk you through an online payday loan application.
by: Gino Prast
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