Monday, November 26, 2007

Payday Loans

These days most people live paycheck to paycheck. But sometimes, due to unforeseen circumstances, we may need a short infusion of cash to tide over a certain adhoc requirement when our current paycheck gets exhausted and the fresh one is yet to roll in.

A payday loan comes in handy during such emergencies and is a small, short term one that is intended to offset our temporary expenses. Loan amounts are in the range of $100 and $1500 for a period that can range from 4 to 30 days.

Cash advance 1500 is one such service which provides us with payday loans. Its transactions are all online.

Benefits of this service are plenty:

  • Easy to process unlike personal loans.

  • Time taken for approval is fast.

  • No credit checks are done. However certain minimum criteria like employment status, threshold monthly income and an active checking or savings account are looked into.

  • Loans are unsecured. So, there is no question of giving up of assets as collateral.

  • Completion of application in the privacy of your own home.

  • Avoid sticky situations like bouncing of checks due to low balance, borrowing from family and friends or selling hard funded equity.

  • Secure and anonymous.

  • Option of “rolling over” a loan,which means that the loan can be extended to the next payday.

  • Access to several other websites that cater to payday loans for specific groups and their needs.

  • The website also educates you on the steps to be taken in choosing an online payday lender.

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