We've all been where you are at some point or another. You're sitting at your kitchen table or office desk going through a stack of bills, but you don't have enough money in your account to pay them all. Maybe it's even worse and you're late and face having your power cut off or your car taken away.
You need to pay your rent or mortgage, but you don't have enough money.
How will you heat and light your home if you don't have electricity, natural gas, or heating oil?
How will you get to work to make money if your car is taken away because you are so far behind on payments?
You don't qualify for a short-term loan, and you have bad credit, so the bank can't help. Even if you were approved, the application process would take weeks, and you need money right now.
You might have tried to borrow the money from friends or family but were unable to do so. This is where a cash advance from a payday loan comes in.
A payday loan is a short-term cash advance that is easy to apply for, easy to get approved for, and the money can be in your bank account within a couple of hours. This gives you, the borrower, the money you need to pay your bills before it's too late, with loan terms you can afford. Most payday loans even let you push back the date you have to pay back for a small fee.
If you look on the Internet for payday loans or cash advances, you will find thousands of companies competing for your business. This is good for you, and if you know what to look for, it will let you borrow the money you need on terms you can afford.
So, what should you look for in a cash advance or payday loan company to give you the best chance of getting cash until your next paycheck?
Find a company that has a track record of approving at least 90 to 95 percent of the cash loan applications they get.
With the high speed of transactions today, your payday loan company should be able to transfer your loan directly and quickly into your bank account. So, you should only work with a company that can give you the loan at the latest the next day. Some companies can send the money in just a few hours.
Look for a company that takes privacy very seriously. You want to make sure your personal information is safe, so read the company's privacy policy to find out what they will and will not do with your information.
Check that the transaction is safe. Make sure that the address in your browser starts with when you fill out your application form.