"When my son was hospitalized, we thought that we would lose everything. Being able to borrow the money we needed now until payday saved our home and helped us keep our minds on the important things. "

Kim in Arizona

"Applying online for this loan was simple. All I had to do was fill in a simple form and within hours, my loan was in my checking account. Thanks for making it so easy to make ends meet. I will definitely use this service again."

Alex in Colorado

How Does a Payday Loan Work?

All of us need some help from time to time and you may have considered taking advantage of one of the payday loans that are available, either on the Internet or in your local area.  There seems to be a lot of confusion that surrounds these different companies and what exactly it is that you're going to be getting yourself involved in whenever you sign on the dotted line.  Here is a little bit of information that will help you to understand what goes on behind the scenes.

The first thing is that you need to figure out is exactly where it is that you're going to be getting one of these instant payday loans.  The most popular places to do so are either by walking into one of your local offices or by taking advantage of some of the Internet cash advance companies that are available.  Either of these are going to be able to handle the situation for you in much the same way, it's just that the Internet tends to be a little bit more convenient as you can do it on your own time frame.

There are going to be very few pieces of information that are needed by one of these payday advance companies but they are going to need that information accurately.  The more accurate you are when filling out the loan papers, the better of an opportunity you have of getting the money in your hand quickly.  The basic information that they are going to need from you is information about your employment, your checking account information and some form of identification to prove who you are.  They will not be checking your credit report, so that is not something that you need to be concerned about.

Some of the payday loan companies are going to verify your employment and your bank account information by making you fax in that information to them.  There are also plenty of faxless payday loans that are available and these tend to be much more convenient.  Simply fill out the information that is required on the Internet and they will be able to get the money to you very quickly.  How quickly?  Typically, they will wire the money directly into your checking account within one business day, depending on what time of the day you fill out the form.

One of the most important things about taking advantage of one of these cash advance loans is that you stick with the terms of the loan as closely as possible.  There will be some loan fees that are associated and these will have to be paid within the terms of the loan, typically anywhere from seven to 30 days.  If you are not able to pay back the loan during that time, additional interest will accrue at a very high rate.  That is why it is best to make sure that these loans are paid back in a timely fashion and you will be able to take advantage of it again in the future if necessary.

This site does not make any credit decisions. It is designed to help you find the right company to go through. This site does not represent any single company. The application process may be different from one company to another.  In no way are you guaranteed to be approved for any funds from this site.  You will need to contact the lender to determine what is needed for the application process.