What is a Quick Payday Loan?
A Quick Payday Loan is for people who need money in a hurry. When you take out a Quick Payday Loan, lenders allow you to borrow between $100 to $1,500 dollars for up to 1-2 months and at a flat fee of $15 -$30 per $100 borrowed. If you make timely payments you can repay the money back and the interest is also added up. If you miss one or two payments, your credit rating is hurt as well as a penalty on your account.
When Do I need to take a Fast Cash Advance?
You are making good money and are trying to pay off a credit card. Your credit card has the highest interest rate. You have been making regular payments of $200 per month to pay it off as fast as possible. Because your interest rates are high and you make regular payments the card is paid off at a higher price of $1200. You were going to pay it off for $800 but now you cannot do that.
So what do you do? Take out a Quick Payday Loan so that you can pay off the credit card and save $400 and avoid the additional cost of having your credit ratings hurt by not making regular payments. This happens more often then you think and if you need money and dont want to be late on your payments then taking out a Quick Payday Loan can be just what you need.
How can I get a loan instantly?
If you need money quickly you can go online to a website and request a loan. A company will review your application and if it is accepted they will send the money you need right to your bank account within minutes.
How can I get a quick $100 payday loan?
You can get a $100 fast loan on the internet. You go online and enter your information into an online form and within minutes you have the money you requested. This is a great way to get extra cash without leaving the comfort of your home and get your loan right when you need it.
You will need to wait up to one business day for the money to be transferred to your bank account after you have made your request.A typical $100 loan is repaid by paying back $112 over 14 days. If you dont repay in 14 days you will be charged late fees, interest, and sometimes additional charges. You can repay the loan at any time. If you choose this option you can repay $102 over 14 days or pay it off all at once when you receive the money.
What are the requirements for fast payday loans?
There are a few requirements to get a fast payday loan.
- You need to be over 18 years old and have an active checking account. The direct lenders usually perform a full check of your credit history so this is why they require this.
- If you can prove you are employed, or have proof of money in your bank account and a valid form of identification you may be approved for a quick payday loan online.
- Lender may check if you have no previous history of getting a payday loan before.