For some people, Christmas is only Christmas if it is spent at home with friends and family. For others though, getting away over Christmas is how they prefer to spend the holiday period. Either way, December may be a financially-strapped month for many of us but payday advance loans may be a solution to help tide you over to your next payday.
Characteristics of a payday loan
While this may vary among the pay day loan companies, typically these loans: are for amounts of between $100-3000, can be applied for online, have a fast credit check, can be paid into your bank account in as little as a couple of hours, are repaid, together with agreed interest and charges, in one go on your next payday, may be available even if you have had credit issues in the past.
Characteristics of a payday loan borrower
If you want to apply for a payday loan you’ll typically have: to be aged 18+ and be resident in the USA, to be in verifiable employment with recognised pay dates, have a bank account which has a debit card attached, be able to realistically afford to repay the loan amount from a month’s income without having to borrow again the following month.
How it works
The mechanics of these paperless loans are straightforward.
If the application is accepted, the loan may be paid directly into your bank account. If your bank can accept fast transfers then this can happen in an hour or two, otherwise you may have to wait until the next working day.
Then, on your chosen payday, the whole amount to be repaid is typically debited to your account using your card details. You don’t have to remember to do anything apart form make sure you have the money in there – repayment will all happen automatically.
Because the amounts involved in fast cash loans of this nature are relatively small, lenders may be prepared to lend to people whose credit status may mean that they would be turned down by more traditional lenders.
Christmas can be a very expensive time of year either at home or away. So whether you are a stay at home type or just prefer to get away from the razzmatazz of the festive period, why not see how payday advance loans could help you?