Resources for people who need Quick Payday Loans or Cash Advance Fast and Easy.

Payday Loans Resource Guide

What are Payday Loans?

Payday loans are small, short term cash advances for emergency needs, usually only up to $1,000. These loans are given without a credit check to help with financial difficulties between pay days. Payday loans are used in cases where unexpected expenses arise and you want to avoid costly bounced-check fees and late payment penalties.

Payday loans are usually approved within 24 hours and is transferred directly in the borrower’s checking account by the next working day. As long as you can prove that you are working with a regular paycheck coming in, and a checking account, you should be approved. In some cases you may not be approved, and this would be if you have a history of not paying Payday loans or if you were refused a loan in the past. Even though these lenders don't check your credit, they do check you prior loan history.

Payday loans can also be referred to as cash advance loans, check advance loans, post-dated check loans or deferred deposit check loans.

Minimum Requirements to get a Payday Loan:

US resident over 18 years old
Active checking account
No outstanding payday loans
$1,000 minimum monthly income

Payday loans usually have high rates, loan fees, interest and other types of credit costs. On average the fees total 20% of the loan amount. This means if you borrow $100 you will be paying back $120, and if you borrow $500 you will be paying back $600. Usually what happens is the borrower writes a post dated personal check to the lender for the amount to be borrowed plus the fee. The lender gives the borrower the amount of the check(without the fee). If the borrower needs to extend the time frame of the loan, more fees will be charged.