If a forgotten about final demand has just dropped through your letter box and payday is still some time away, then cash advance payday loans may be just what you need to tide you over.
Borrowing money from high street lenders can be a long drawn out process.
Following your application there may be a lengthy approval process, more delays to sign things off and yet further delays waiting for the funds to become available.
If you just need a relatively small amount of money quickly (say around $50 – $3000) and for a short time period, then a cash advance payday loan may make more sense.
Payday loans are available from online pay day loan companies and the whole application, approval and payment cycle is typically extremely fast.
The basic principles of payday loans are fairly straightforward:
> there’s typically a short online application where you’ll be asked for some personal and employment details
> you’ll need to provide the bank details of the account you want the money paid into and this will need to have a debit card attached
> a quick credit check may then be carried out
> if approved, the funds are credited directly into your bank account
> on your next payday the loan and agreed charges will be automatically deducted from your account
The main differences between cash advance payday loans and other bank loans include:
> because the sums involved tend to be small you may still be approved even if you have had credit problems in the past;
> you typically won’t be asked questions about why you want the money – you could need it to clear an unexpected bill or just to take advantage of a special offer that won’t be around for long;
> the whole amount including interest and charges is paid back in one payment on your next payday;
> the loan is cleared quickly and you can apply again anytime as the need arises
Cash advance payday loans can help you manage your finances if you find yourself needing a little bit extra just before payday. The process is simple and can typically be completed with just a few clicks of the mouse.