subject: Payday Loan – Qualifying and Cost Information [print this page] Then your cash can be on its way, usually within one business day. And qualifying for a cash advance loan only has a few requirements.
You should be employed (or atleast have a steady income), over 18 years old, make over 800.00 a month, have a checking account and be a U.S. Citizen. Some other requirements could apply, but you will know that up front. With the cash advance loan, common credit problems won't prevent you from getting the money you want when you need it.
Payday Loan Cost Information
In the long run, a cash advance loan is a more cost efficient choice than not having money when you need it. The amount of fees that go along with your loan is dependent on a few things.
A few of these are the lender and your habit of managing your financial obligations.
Repayment of the money is quite easy.
Firstly, you get the option to repay the loan on your schedule, so that means when YOU have the money. Secondly, only the minimum payment amount will be deducted out of your bank account, until you are able to pay the entire amount.
Then, if you still find yourself not having enough money, that's no biggie! If you do your loan process online, every pay period your loan will be renewed. Simply tell your lender when you can pay your loan off and the loan plus fees will automatically be deducted out your checking account.
Payday Loan Qualifying and Cost Information
By: Natalia Brown
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