How to Know if Payday Loans are Right for You?

The payday loan market is the fastest growing financial services industry in the nation. But how do you know if payday loans are right for you? Here is a list of a typical payday lender’s basic requirements for a loan between $100-$1000:

1). A borrower must be employed or have a regular source of income

2). A borrower needs to have an active checking account

3). A borrower must be 18 years or older

4). A borrower must be a US citizen

Payday Loans Work like Cash Advances

A payday loan and a cash advance are the same type of loan. Depending on your income, payday loan lenders will approve you for up to $1000. In two weeks, or whenever you get paid, the loan is due back. Payday loans are great for people who just need a little bit of extra money to get them through to their next paycheck. Most people use payday loans for medical bills, car repairs, home repairs, or any other non-typical expenses they are facing at a certain time.

Payday Loans are the Easy Way Out

Payday loans are easy to apply for, easy to get approved for, and easy to pay off. Our lenders don’t perform credit checks with the three major credit bureaus. Bad credit is okay. No faxing is required. There’s a reason the payday loan industry is booming—we meet the needs of everyone in every situation. Click here to learn more or apply.

by “Mindy Lowber“