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