Many times you may have seen advertisements for instant payday loans. What these loans are, are loans that can be obtained quickly. They are designed to meet short term financial needs and must be paid back. They will usually work with you pay dates as a method of having the loan repaid.
There are many ways to locate this type of service. The first place that you can look would be the local yellow pages. You may see many different listings. There may be some listed that offer additional incentives to use their services. You will also know the location as well as the phone number to contact them.
You may want to sit down and figure out how much you would like to borrow. In some cases they may offer you more than you planned on borrowing. You may find that it will save you money in additional fees if you do not take the maximum loan that is offered. It is best to let the employee know of your needs and they can advise you on the best course of action to take.
You may find it easier to make an appointment to apply for your loan. Many times walk-in services are offered however with an appointment you can be assured that you will be seen promptly. You can also ask what supporting documents to bring with you to your appointment and how long it takes to receive your decision.
You can also begin to make arrangements on how you will handle your loan proceeds. If you do not have an active bank account you will want to find out where you can cash their checks. If they offer cash you may want to consider if you will need to find a place to safeguard your money.
You will need to know how your payments are to be made. Most situations they will withdraw their payment from your account on a certain date. If they will be doing this you are going to want to make sure the funds are available to avoid overdrawn bank accounts or a decline from your bank.
You can ask them to carefully explain any documents that you will be signing. Some businesses will have you sign a form that they can garnish your wages if payments are not paid on time. You can also inquire if you will be dealing with a credit bureau. Many times they may report your payments and you will want to know which agencies will be receiving your information. This can be useful if you are trying to maintain or gain positive reporting on your credit history.
They may let you know if they offer any additional credit counseling services. In some instances they may help you in creating a budget. You can always ask if they have tips or suggestions to help you with your finances in the future.
