Need cash quickly but don't know where to go? You need money to pay a bill, cover an emergency, or just get by until your next paycheck, but you don't have good enough credit to get a traditional loan. A loan from your savings account could be the answer you're looking for.
What's the deal with a payday loan?
A payday loan is a short-term loan that many companies around the world offer. Most of the time, these loans only last until your next paycheck. You can get these kinds of loans at a number of stores or even online to make things easier for you. Usually, you have to fill out an application, which asks for different kinds of information. Most likely, this information will include your name, phone number, address, mortgage company or landlord, and information about where you work.
You may also have to tell them how much you make per pay period, how often you get paid, and information about your bank account. If that's the case, you'll have to show proof. This will include things like your bank statement or a letter from the bank, pay stubs, and probably a copy of your photo ID. After checking out and confirming all of your information, they will give you a short-term loan, usually within 24 hours or less.
Can I get a payday loan even if I don't have a bank account?
Yes, you can often get a payday loan these days even if you don't have a checking account. When payday loans first came on the scene, you had to have a checking account. In fact, you usually had to write a check with a future date that was cashed when the payday loan was due. But now, a lot of companies offer what they call "savings account payday loans." You only need a savings account to get started.
There are times when you don't even need a bank account. They will give you a payday loan if you can show proof of your income and employment that can be checked. When you need money fast but don't have the best credit, you have a lot of options these days.
Where Can I Find Lenders for Cash Advances?
They are easy to find, which is good news. Just look in the yellow pages of your phone book, and you'll find a number of companies in larger cities that may be near you. If you don't have a payday loan service near you, the Internet is a great place to go. All you have to do is type "Payday Loan" into your favourite search engine, like Yahoo or Google.
With a savings account payday loan, it's easier than ever to get the money you need when you need it. You will have enough money to pay off an important bill, fix your car or house if it breaks down, or get by until your next paycheck.
