subject: California Payday Loans. A Good Idea? [print this page] Cash Advances in California Cash Advances in California
You live in California, you are totally broke until your next paycheck, and you dont know what to do. Is there anyone you know who can lend you the money? No. Now you are in a bad situation. You have a job but wont have money until you get paid. It seems like you are out of luck. Well, not exactly. You can take out a payday advance; in California they are still permitted. But do you really want to? Maybe, lets find out.
You may have heard that payday advances are a bad idea or a scam even. I wouldnt call them a scam at all, but if you wont have the money or dont plan to pay back your loan, they can definitely be a bad idea. So if you cannot pay back or just are not going to pay back your loan dont get one. It will end up being way more trouble than it is worth. Now most payday loan lenders will give you about $300-$500 on your first loan. After that you can get more, but you have to gain their trust first, showing that you will pay back your loan. The max is usually $1000 maybe $1500. But smaller loans are better, because they are easier to pay off. So dont be upset if you dont get the amount you were trying to get. Just look at the bright side, you owe less.
So, are you going to get your loan from a cash advance store or online. They both have their advantages and disadvantages. Stores get you your money faster, but their hours are crappy. A website will get you your money the next day, but at least they are open 24 hours. So depending on your schedule you can choose either. Also a website has a higher approval rating, because they are usually a bigger company than a store and can afford to give loans to people with poor credit. So if your credit is poor you will probably be better off using a website, but it wont hurt to go to a store and see if they will give you a loan first. Now it is time to choose your store or website.
Choosing a store is pretty easy. If they are still open it probably means they have a decent reputation. Payday Advance websites however can be trickier. You have to be careful because not all websites are honest, and could be a trap. As with any place you put personal information. Make sure the site is secure, and check its copyright to see if it is an older site. An example of a secure and reputable payday loan site is www.nofax-paydayadvance.com. Notice the stamp on the application page with todays date showing the site is secure. Also look at the copyright, 2006, so this site has been around for a while without getting shut down. That is a good sign. Just be sure the site is secure and reputable. Something else that you may want to look for is if they have flexible repayment options. Notice how the Nofax website has flexible terms. Just be sure to examine the site and make sure it is right for you before you use it.
Now that you are at the store or on a website all you have to do is fill out an application. The store will give you your money. A website will approve you then you sign a digital loan agreement (do this in the store too). Be sure to read the agreement. Then the next day you will have money in your account. Cash advance loans are actually really easy to obtain, and used correctly can be a great emergency cash tool. Just always use your head when taking out any loan. You get a loan to help yourself, not stress yourself out. So take out loans responsibly.
