subject: Cash Advance Payday Loans: Approval In 24 Hours [print this page] A cash advance payday loan could be just the financial help you need right now to pay for that emergency that just cropped up. With a cash loan, you do not need any collateral, there is no paperwork to fill out, you can get approved right away for the loan, and you can have the loan money deposited into your checking account the very same day. If you have a job, but need extra cash before you receive your next paycheck, a cash loan can set your finances straight until pay day.
In order to be approved for a loan, there are certain criteria needs that you will have to meet:
1) To qualify for a loan, you must be at least 18 years old, hold a valid savings or checking account, and have a job with a steady paycheck.
2) Decide how much money you want to borrow. Although loan amounts can vary from state to state, you can apply for as little as $200, or if your financial need is greater, up to $2000. When you pay off your first loan, you can apply for a larger amount the next time you need some emergency cash. Keep in mind that cash advance loan interest rates can be as high as 30 %!
3) After you decide how much money you will need, you can go online and fill out the online loan application. Some reputable loan companies include Sonic Cash, PayDay One and National PayDay. Ask these companies to disclose their interest rates. Compare the interest rates to help you choose the best loan company with the lowest rates, and read over each companys terms and conditions carefully before you apply for the loan.
4) After you have chosen which loan company you will do business with, submit your loan application. You should hear back from the loan company within 24 hours, and if you have been approved for a payday loan, you should have the loan money in your bank account before the end of business day, if not sooner.
Since it can be extremely easy to misuse cash loans, choose your loan and the lender very carefully. Cash loans are helpful when you are in a financial crisis, but use them wisely and carefully to avoid any further financial ruin.
