Need to get cash fast? Find a payday loan online

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  • What is a payday loan

    A short-term decision can help to get through the hard times until your next paycheck when unexpected expenses arise.

    You can get it online or in the nearest sale office. You should be over 18 years old, have a bank account and income source to apply.

    Amounts range from $250 to $40,000 and are offered by banks, credit unions and online lenders. The amount borrowed will be directly deposited into your bank account.

  • Payday loan as credit card alternative

    This can be a good alternative to a credit card.

    You can get a payday loan faster than a credit card will be issued.

    Also, you get no grace period, so your payment discipline will be stronger and your credit score will be higher.

  • What is APR

    Rates should be clear - this is the rule in the US. According to the federal Truth in Lending Act the lenders must disclose the cost of the loan.

    Lenders must give their clients the finance charge (a dollar amount) and the annual percentage rate (APR — the cost of credit on a yearly basis) in writing before the agreement will be signed.

    The APR will vary depending on the following conditions: loan amount, the interest rate and credit costs, and the length of the agreement.

  • Payday loan process

    The basic loan process involves a lender and a borrower who needs to apply for a loan. Today it is possible to apply online or in lender office. The borrower must have an active bank account, steady source of income and a valid phone number. The application should contain information about basic borrowers needs such as loan amount and term. If application will be approved the lender will disclose loan details including ARP, all fees and other conditions. After the signing the agreement lender will transfer money to borrower's account. Secured loans may require little more time to estimate securitisation asset. Read the whole text of loan agreement or you can miss something significant!

    Short-term loan which can be used for different purposes. This type of loan can be secured or unsecured. Borrow limit differs from a lender.

    This can be a good alternative to a credit card. Usually without any grace period, but the cost of money is lower. You can borrow online or in your local credit store.

    Your credit score affects the interest rate, so if you are going to get some cash, check your credit score first.