A fast payday advance is a short-term loan that you can take on the assurance of your next paycheck. That is, you have to return the loan plus the fees when your next paycheck arrives.
Required Criteria To Avail A Fast Payday Advance
A fast payday advance is a short-term unsecured loan. To qualify for this loan, you should be an American citizen, you should be 18 years or older, you should have a valid checking account, you should be earning at least $1000, and you should have been working on the same job for not less than 3 months. Your verification is done based on this information. There is no credit check required. The lender is not interested in your credit history. Therefore, even if you have a bad credit history, you can still apply for this loan. Now, since you have a checking account, the lender will directly deposit the loan amount into your checking account. You are supposed to repay the loan plus the fee, either by giving the lender a post dated check, or by authorizing him to electronically withdraw the amount. If however you cannot repay the amount on the due date, then the loan is extended to the next month.
Loans Available In 24 Hours
Do remember that the entire processing of a fast payday loan is speedy, convenient, and all transactions are electronic, therefore, you get your loan in a short span of 24 hours. Though these loans have so many advantages, there is one disadvantage as well; that the interest rates on this loan are very high.
Choosing A Lender
There are certain things to keep in mind when taking a guaranteed payday loan. Make sure that the lender is genuine, and see that he is not trying to misuse your personal information in any way. For this, you need to check the lenders terms and conditions, see that there are no hidden costs involved, compare interest rates with other lenders and only then should you choose your fast payday advance loan lender. For more information visit best payday loan.
