Showing posts with label Tips. Show all posts
Showing posts with label Tips. Show all posts

What Information Is Needed To Apply For A Payday Loan?

What Information Is Needed To Apply For A Payday Loan?
Payday loans are very convenient. You can easily apply for one online in just a few minutes or at your local payday loan store – which may go by one of many names. While still easy to get, you will want to have the necessary information handy to make the process go much smoother. Here is what you need to know about the application process.

If you go to apply at the local payday loan center, you will need to have all of your information with you, because you must fill out …

loans, payday, fast, cash, interest, cost, high, pay, pawn, personal, cheque, wages, salary

Payday loans are very convenient. You can easily apply for one online in just a few minutes or at your local payday loan store – which may go by one of many names. While still easy to get, you will want to have the necessary information handy to make the process go much smoother. Here is what you need to know about the application process.
Apply For A Payday Loan?

If you go to apply at the local payday loan center, you will need to have all of your information with you, because you must fill out the application there in the store. Filling it out online, of course, gives you greater convenience – and more time to find the information – if you need it.

The first piece of information that you will need will be about your job. They will want to know the name and address of your place of employment, as well as the name and phone number of your employer, or supervisor. The main thing will be how long you have worked there. It will be necessary to have been employed at the same place for at least three months in order to be qualified for a payday loan.

Next, you will need to state just how much income you make each month. There needs to be a minimum of $1,000, and some lenders will require as much as $1,500 each month. Some will accept the amount of $800 per month if you are on a fixed income. In some cases, you will need to fax some copies of your recent paystubs, and possibly bank account statements.

Then, you will want to have some information about your checking account handy. In order for them to send you the money, they will want to put it right into your checking account. This, of course, verifies that the account is real, and that they can get their money out of it when the loan is due.

Most payday loan lenders will check your information with a data bank for lenders that is called Teletrack. It is a clearinghouse for lenders that records loan applications, payment record for loans, etc. When they run their checks, they will also know how many applications you have in at any given time, as well as how many payday loans you currently have outstanding. Generally, you can have a maximum of three out at the same time – depending on your repayment record. Because of Teletrack, however, you will only want to fill out one application at a time.

After you apply, there usually will be a phone call, so they can talk to you for any other information or questions that need to be answered. One approved, then you can expect to find your money in the account within 24 hours – but many lenders can give you your payday loan in less than one hour now.

It is a real good idea to shop around some and check into the interest rates and how long you have until the loan needs to be paid back. Don’t expect much on your first payday loan – possibly up to $400. Also, watch for Web sites that may not be secure. You will be giving some serious personal information online. If you are not sure – contact them through an email first.

Tag: What Information Is Needed To Apply For A Payday Loan? Free What Information Is Needed To Apply For A Payday Loan? PDF What Information Is Needed To Apply For A Payday Loan?

Why A Payday Loan?

Tips for Why A Payday Loan? If you’ve even faced financial hard times, you know that it seams that everyone is after your money and they are going go add fees if you don’t make your payments on time. A payday loan is a short term solution to solving your financial problems.

payday loan, APR, direct deposit, checking account

At one time or another, maybe several times depending on your good or bad luck, an emergency will arise that a quick infusion of cash will solve but you are like so many of us that just make it from one payday to another. And you have little, if any, savings!

Maybe your auto mechanic gives you some bad news. You just came in for an oil change. He checked your brakes and they are in bad shape and need to be replaced right now! Two hundred fifty dollars will take care of it but you do not have that type of cash on hand. You don’t want to ask your brother-in-law again and have to listen to him tell you what a poor money manager you are.

You cannot go to Household Finance Company or any of those loan companies because you need only a small loan for a short time. You don’t want to be locked in to a minimum loan of $2,500 for a minimum payback period of one year. Besides, you wouldn’t pass the credit check and your credit cards are all maxed out!

What about the bank where you have your checking account? Forget it! Same deal, poor credit history. And the loan officer would snicker at a loan application for such a small amount of money.

But wait! Remember those ads you saw when you were surfing on your computer? The ones that promised “Immediate approval with no credit check. Bad credit, no credit not a problem. Get your cash now.” Think about it! You can get square with them in one or two paydays at most. Maybe the charges are a little high but solving your problem now without a hassle is worth paying a little extra.

You can apply for an online cash advance on your computer from the privacy of your own home. Since you’ve been on your job for over three months, all you need to do is give them your employment information. You have a checking account with some history and have not bounced any checks for well over a year. And you haven’t had a previous online cash advance. Fill out your loan application right now and you should be approved in an hour or two.

They will direct deposit the money right into your checking account and you can give your auto mechanic the okay to fix your brakes. Yes, you saw the interest rate on your loan. Depending on the state you live in, the fee will run anywhere from $15 to $20 per hundred. If you roll over the loan to your next payday, the fees will double but hey, peace of mind now is better than being stressed out without your car.

Do some homework on your computer and see which one of the online payday loan companies will give you the best deal. Learn what annual percentage rate (APR) is all about because it makes a big difference in who has the better terms. If you know someone who has done business with a payday lender, ask them about their experience. Hopefully, you will find a lender who is content with a fair profit and a satisfied customer who will recommend their friends and come back from time to time when a small, short-term loan will solve a sudden financial problem.

Tag: Free Why A Payday Loan?, Pdf Why A Payday Loan?, Download Why A Payday Loan?,
Loading...

Feature Article

Popular Posts

Recommended Article

Live cricket

Loading...