Instant payday cash advance is a real life savior
When you are low on cash and wait for your payday in the next month, a cash advance may seem like the answer. Fortunately, an instant payday cash advance requires no credit check, so that you can borrow money, even if you have bad credit. If you are a fulltime employee with the minimum salary up to 1,000 per month getting payday loans will be an excellent idea.
How to apply for an instant payday loan
Applying for a payday loan cash is as simple as filling out a form and sending a personal check for the loan amount plus fees. You are required to submit a simple application form with basic details like name, age, employment position, bank account, contact number etc. The amount of instant payday cash advance is deposited automatically in your account. This online mode of application endows you a lot of convenience because it is free from credit check and faxing documents. Some payday lenders may require borrowers to pay upfront fees. In this case, your personal check only covers the borrowed amount.
Repayment of payday loans
Instant payday cash advance should be repaid within 10 to 14 days. This is just enough time for most people to receive a paycheck and repay the borrowed amount. If you are not able to repay the payday loan cash when it is the due date you can extend or “rollover” the loan for a few days or weeks. Just pay an additional fee and write another postdated check. Extending a payday loan very often is quite expensive as the costs will accumulate.
The downside of fast cash
Payday loans provide a temporary solution if you have a temporary financial crisis. It is advisable not to abuse this option, because if you keep extending payday loans, you’ll pay a lot more interest and charges you have never meant to borrow in the first place.