Getting a Payday Loan
Payday loan can solve your temporary financial problem. You can apply for a cash advance loan if you are lack of money to pay your emergency expenses. Everyone experience financial problem at some points of their lives. If you need some money but cannot apply for a bank loan, the best solution is to get a payday loan. It is very easy to get approved for the cash advance loan. You have to be 18 years old or above and have full time employment to be qualified. The maximum loan amount you can apply is $1500 while the least loan amount you can apply is $100. You must have a job that earns more than $1500 to be qualified for the loan application. If you earn less than $1500, your application for a loan amount of $1500 will be rejected.
Depending on your financial circumstances, the creditor will decide how much loan amount to lend to you. Besides, you must have a bank account that accepts direct deposit. Most creditors use direct deposit to transfer the amount to your bank account. The creditor has the responsibility to verify your identity. They will call your employer and ask about your employment. They want to make sure that you earn enough to pay back the borrowed amount. Payday loan creditors don’t check credit report. They don’t care if you have low credit score or bad credit history. All they care is that you earn a regular income from the job you are doing currently. You must be actively under employment for 3 – 6 months depending on the creditor’s requirement. To sign up for the loan online, you have to fill in your information in the application form including requested loan amount, employment, name, address and etc. If you are approved, the staff will send you an email and ask for your bank account information.
After that, the creditor will transfer the funds directly into your bank account through direct deposit. You can expect the funds to arrive in your bank account within the same business day. Sometimes, it will take 2 or more days for the funds to appear in your bank account. There is a cut off time for the funds transfer. For example, if the cut off time is 3 p.m. and your application is approved at 4 p.m. the creditor will transfer the funds to your bank account on the next business day.
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