What is a payday loan?
Have you ever had immediate financial needs? A payday loan is a quick and easy way for people to receive a fairly fast cash loan of $100 – $1500‡ to take care of short term cash needs. With an online fast payday loan, you can be approved instantly** and have your cash deposited directly into your bank account on the next business day.* Payday loans allow you to take care of your urgent financial needs or fast cash needs, as some call them, by applying from the privacy of your own home. Unlike other types of loans, an online payday loan typically does not prevent people with less-than-perfect credit† from getting a cash advance. Sometimes, even if you have been declined from loans before, CashNetUSA could still offer you a fast payday loan. A fast cash payday loan can be the easiest way to get funds directly into your bank account upon approval of your application. Then you can take care of your urgent short term cash needs. Visit our How it Works page for details on how to apply today.
Definition: A payday loan is a loan that you get from business that is not a bank. It is called a payday loan, because you generally borrow just enough to get through to your next payday, upon which the money is due. Payday loan businesses operate under a wide variety of titles, and may take postdated checks as collateral. Generally they charge a large fee for the loan, which puts the interest rate very high, some rates are as high as four hundred percent. Payday loan businesses cause customers to become reliant on them because they charge large fees, and expect quick repayment of the money. This can make it difficult for a borrower to pay off the loan and still be able to meet monthly expenses. Many borrowers have loans at several different payday loan businesses, which worsens the situation. Payday loans should be avoided at all costs. If you need help turn to other sources first. Some credit unions and banks have begun to offer a similar service, but at much lower interest rates. Th
There are many other names for payday loans,cash advances, payroll advances, deferred deposit loans, payday advances and paycheck advances just to name a few. Payday loans are short term loans that are usually due the next time that you get paid. A lender charges a fee, in exchange for loaning you money until your next payday. Most storefront locations require you to provide them with a physical check as security for the payday loan. Online payday loan companies simply take an ACH (Automated Clearing House) authorization to secure the loan, the same process your employer uses to directly deposit your paycheck each month. In addition, online lenders save you the time and hassle of having to drive to a location and then wait in long lines when they are busy. PaydayLoan.com is the longest running state licensed online company in California. We have been providing cash advances online since 1999 and are the Home of the Payday Loan sm. Let us serve your cash advance and payday loan needs to
