PayCheck Loan

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Paycheck Loan - In need of some fast cash?

A paycheck loan is a quick and convenient way of getting money between pay periods. Getting the funds you need to keep you going until your get your next pay check is easy to do with a payday loan advance. You can borrow up to $500.00 without a credit check or references. Anyone who has a job can qualify for this type of loan. All you have to do is present a pay stub from your last pay check to prove that you are working. You cannot get a payday loan if you are not currently working. For quick cash, a check advance will give you the funds you need if an emergency arises and you need money immediately.

When you are approved for a payday loan, you have to write a post-dated check for the amount of the loan plus the finance charges associated with it. These charges are usually high because the loans are only for a short period of time. The funds are deposited electronically into your account and the payment is taken out the same way. Of course, if you realize that you will not be able to repay the loan on time, you will have to make arrangements to repay at a later date, but you still have to pay the finance charges. These cannot be deferred.

Depending on where you get the payday loan, the charges incurred can vary. Most companies dealing with this type of loan, charge a set amount per $100.00 borrowed. This is usually $10.00, so if you borrow $500.00, you will also have to pay an extra $50.00 for the service.

There are companies with outlets in various cities that provide paycheck loan services. You can also apply on line for a payday loan advance. If you apply online, you must ensure that it is a secure site and that the information you provide about your banking does not become public information, opening you up to fraudulent use of your bank account.