Loan Guide & Debt Repair Articles
 Home Page
 Loan Blog
 - Mortgage Loans
 - FHA/VA Home Loans
 - Bad Credit Mortgage Loans
 - Mortgage After Bankruptcy
 - Refinance
 - Refinance After Bankruptcy
 - Bad Credit Mortgage Refi
 - Home Equity Loans
 - Bad Credit Home Equity Loan
 - Refinance Home Equity Loan
 PayDay Loans
 Credit Counseling
 Debt Consolidation
 - Bad Credit Debt Help
 - Tax Debt Help
 Auto Loans
 - Bad Credit Car Loans
 - Car Loan After Bankruptcy
 - Refinance Car Loan
 Personal Loans
 Student Loans
 Credit Cards
  - Bad Credit Credit Cards
 Loan Calculators
 Credit Help

How Payday or Cash Advance Loans Work

We all have little emergencies that crop up when we least expect it.

Our top recommended Payday Loan Companies:

Top Recommended Companies To Refinance With:
(updated: )

Plain Payday Cash with PlainGreen Loans
    - Get up to $1500 Overnight
    - Instant Decisions!
    - If you have an emergency and need money for the unexpected!
    - Secure and safe!

Fast Personal Loans
    - Bad Credit is OK!
    - Get approved even if you have been turned down.
    - Get approved with the most severe credit problems.
    - Past bankruptcy or foreclosure? You may still qualify!

Emergency Payday Loans FAST!
    - Get a Great Plains Fast Payday Loan!
    - Very simple fast cash loan
    - Affordable instant payments
    - New customers can get up to $1000!

With a Great Plains loan, you'll repay your loan with easy, affordable installment payments! This application process is simple, safe and secure.

Don't let the unexpected scare you! Get the cash you need at MyCashNow
    - Simple fast personal loan
    - Affordable payments!

With a Great Plains loan, you'll repay your loan with easy, affordable installment payments! This application process is simple, safe and secure.

These loan experts will also provide you with a response in just a few minutes. You won't have to wait long to find out if you've been approved!

These emergenies usually only require a minimal amount of cash to solve, but they generally require immediate attention. You may not have the cash readily available, but you will have it when you get your next paycheck. You obviously can't go to a bank to borrow money because the process would take too long. So what do you do? You get a payday loan. These are also known as cash advance loans because you are being advanced cash against the paycheck you will receive.

With this type of loan, a borrower writes a postdated personal check payable to the lender for the amount to be borrowed plus a fee. The lender gives the borrower the amount of the check minus the fee. The check is held until the loan payment is due, which is typically within two weeks. The lender then deposits your check unless you have already repaid the loan.

Fees for payday loans are either a percentage of the amount of the check or a fee charged per amount borrowed e.g. for every $100 borrowed, you pay $5. If you extend the loan beyond the original time agreed upon, you would pay the fees for each extension. Keep in mind that under the Truth in Lending Act, the fees for payday loans must be disclosed before you accept the loan. You must also receive a written statement that includes the finance charge and the annual percentage rate (APR), which is what the loan would cost you if you didnít repay the money for a year.

A payday loan is typically a more expensive type of credit because it is for a short-term and there is a higher risk of default. It is not meant to be a solution to long-term money problems, but rather a quick fix for a particular situation. Payday loans are most effectively used by paying them back in full by the specified due date.

Loan Articles  Get up to $1000! Click For Cash!

Need Cash Quick? Get up to $1000 in as little as 24 hours!


Home Page | Articles | Privacy Policy | Site Map | Contact