| You probably already know what payday loans | | | | will only apply for your first payday loan, |
| are - who has not seen the ads on the | | | | and you probably will only get about $400 or |
| Internet, on TV, or in the mail? They seem to | | | | less for your first one. After the first one, |
| be just about everywhere. Yes, the interest | | | | it will cost you. |
| rates on some of them can be rather high, | | | | |
| too. But did you know that there is a way | | | | High Interest |
| that you can get one free? Here is how you | | | | |
| can get a free payday loan. | | | | The interest rates on a payday loan can be |
| | | | rather high. You can expect it to be anywhere |
| Payday loans have got to be one of the | | | | between 15% up to 30% of the amount you |
| quickest ways to get access to some cash - up | | | | borrow. So, in order to get those lower rates |
| to $1,500 with some lenders. These loans do | | | | after your first free one, be sure to shop |
| not take long, probably only 10 minutes to | | | | around some. Many payday loan lenders use a |
| fill out an online application. Some do not | | | | network called TeleCheck, which will tell |
| even take that long. | | | | them whether or not you have had a payday |
| | | | loan before or not, and if any are currently |
| Required Information | | | | outstanding. |
| | | | |
| The information that you will need to fill | | | | Getting your payday loan only takes about 10 |
| out the form is rather simple. Here are the | | | | minutes to fill out the application, and, |
| requirements that the lender will be looking | | | | with some of them, you can have your cash in |
| for. You need to be 18 or older. Then, you | | | | your account within an hour. There are two |
| will need to have worked at the job you are | | | | basic types of payday loans called fax and no |
| at now for at least three months, and are now | | | | fax. |
| making more than $1,000 each month. | | | | |
| | | | Standard Payday Loan |
| Then there is the matter about how the | | | | |
| transaction is to be completed. In order to | | | | For a standard payday loan, you may be |
| satisfy their requirements on this one, you | | | | required to fax copies of your current |
| will need to have an active checking account | | | | paystubs to them, as well as current checking |
| for at least three months. This is where they | | | | account statements. This is to verify your |
| will put the money once you are approved, and | | | | information about income and your account |
| it is how they will get their money on the | | | | numbers. |
| due date. You will need to either write a | | | | |
| postdated check to them (if you go to one of | | | | No Fax Payday Loan |
| their stores), or give them permission to | | | | |
| withdraw it electronically from your checking | | | | A no fax loan will ask for the same |
| account. | | | | information, but without requiring that you |
| | | | fax anything to them. Since you are not |
| Free Payday Loans | | | | giving them copies of the exact information |
| | | | they need, they will need to verify it for |
| Now, about how to get your payday loan | | | | themselves in other ways. While this speeds |
| absolutely free. All you need to do is to | | | | up the application process, it also may delay |
| look for this type of ad when you shop around | | | | your cash up to 24 hours. |
| for a payday loan - you will see them. This | | | | |