Archive for the ‘Finance’ Category

Payday Loan Lenders: Are They Asking For More Than Others Lenders?

Sunday, November 20th, 2016

Payday Loan Lenders: Are They Asking For More Than Others Lenders?


Laura J Solomon

Borrowing from payday loan lenders isn\’t a difficult process. It is no more difficult than the application and approval process with a \”traditional\” lender. These types of loans are generally very easy to apply for and approval is quick and easy. The payday loan lenders have an easy qualification process. Getting access to the money you borrow will usually take just a few hours. In some cases, the time between applying and approval can be as little as one hour. Here are some of the basic requirements you must meet in order to get approved with payday loan lenders.

You must be able to provide proof of income. This can be in the form of check stubs or a payroll print out from your employer. Whatever the case may be, you need to make sure you take this information with you when you apply. Online payday loan lenders will work a little differently. These lenders can call your place of employment and request proof of income from them. The main thing is the ability to prove your income and the source it comes from.

Proving your identity is another thing you will need to be able to do. If the lender cannot verify that you are who you say you are then the processing of your loan could very well be delayed. If you cannot verify your identity, you will most likely not be approved for the loan.

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You will also have to give the lender your home address. They will want some type of verification which could consist of a utility bill in your name or other piece of mail that verifies that you live where you claim to live. This is for your protection and theirs because there are predators out there who will try to get loans in someone another person\’s name or use a different address. This helps avoid this risk and gives the lender a way to get in touch with you if they need to.

Another bit of information a lender will request will be personal references. They will most often need two to three personal references. These are individuals that you have known for a while. It can be a family member, friend or co-worker. The lender will keep the information on file and if they cannot get in touch with you by the contact methods you give them, they will try to touch base with you through one of your references.

A payday loan is about like any other cash advance loan you can receive. Their terms and conditions will be very much the same as well. You are generally given until your next payday to pay the loan back. Once you satisfy the terms of your first loan, you can always return to the lender if you should ever face a need in the future.

Reaching out to reputable payday loan lenders may be a good solution that can help you through a short term financial crisis. You can use the money you receive from a payday loan for any reason.

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Payday Loan Perfect Loan Option To Deal With Unexpected Financial Emergencies

Monday, December 21st, 2015

Submitted by: Shane Dayker

Our lives though hectic than before has become much easier and manageable as a result of solving the financial problems faster and easier and the tribute for all such huge developments goes to no one but the loans. At the moment there is an extensive range of loans that are accessible in the financial market that one does not even have to wait more than 24 working hours for getting a certain loan amount approved. Of these one such loan type that has made the most impact on and helped a number of people till now are certainly the payday loans or at times also called cash advance loans.

The given name of these loans itself speaks for it and as the name payday loans suggests these are secured against the next paycheck the person will receives and therefore as well denotes you can get it without any difficulty and repay it on your payday well in time. These loans are by far the most hassle free loan plans that are available, no lengthy formalities, no papers or documents to fax in, no credit checks, no appraisals of property as it does not involve any type of collateral, apply with simple online application and the money is transferred to your checking account within 24 hours, it s that simple. You do not have to be bothered even if you have a bad credit, since these are, provide to the bad credit holders too. So, if you have bad credit records as mentioned here like, deferred installments, arrears, bankruptcy, defaults, delayed payment or court verdicts you are still eligible.

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There are a few requirements to be met by aspiring individual these include, the applicant should be US citizen having an age of 18 years or more, the applicant should be employed for last 3 months with a good company, and the job should provide the applicant with a stable income of $1000 or more. In addition, the applicant should have an active checking account so that the lender can transfer the loan amount and in a similar fashion debit the bank account of the applicant when the loan has to be repaid.

Payday loans are approved instantly and available for a term of 7 to 21 days and the offered loan amount ranges from $100 to $1500. Extending the date or delaying of repayment will bring about additional cash fines and for avoiding it one can alter the settlement date with his payday. The advantage of doing so is that the loan amount along with relevant fees will be debited from your bank account and transferred to the lender s account on your payday well in time and you will be spared of heavy fines.

To cut the long story short, payday loans are very easy to get and the whole approval and loan amount disbursal process is very fast. Therefore, payday loans are considered perfect for dealing with financial emergencies like paying off your utility bills to avoid disconnection, paying off mortgage payments, car repairing, medical bills or settling credit card dues.

About the Author: Shane is an expert in the field. For more information on

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