A quick cash advance payday loan may come in handy in many situations where your next pay day is some time off but you need cash now. A payday loan typically allows you to borrow money on the same day, usually around $300 (though this depends on the lender), and repay the money borrowed along with interest and / or a fee when you next get paid.
For instance you might need to get your hands on money fast due to the following circumstances:
you have a direct debit going out of your bank account in two days’ time and your wages are not paid into the bank for another week;
your washing machine or fridge stops working and you need cash for repairs or to replace it;
you find a bargain holiday online but do not have the cash to book it;
that settee you had your eye on is on sale and at a bargain price – but for a few days’ only;
you want to make sure that you have enough spending money whilst on holiday;
your children need new school uniforms and you do not have enough in the bank until your next payday.
These are just some of the many things that may typically crop up and cause you worry. Taking out a quick cash advance payday loan may – depending on your own circumstances – sometimes be cheaper than using your credit card to get cash, or may work out more cost-effective than risking bank charges if your account goes into an unauthorised overdraft.
A quick cash advance payday loan is typically easy to apply for online, providing you live in the USA, have a bank account with an active direct debit card and you are in full time employment earning an amount of money that is sensible in relation to the amount you wish to borrow.
You may be able to qualify for a fast payday loan if your credit rating is less than perfect as many payday loan lenders do not make an in depth credit check, just a quick one. Usually you know if your application is successful the same day and may have the money paid into your bank account within just a few hours or the very next day, depending on how quickly your bank can accept transfers.