All online payday loans sites require the consumer to fill out an application detailing personal information, occupational information, current banking and financial information, and references.All online payday loans have minimal requirements applicants must meet in order to complete the application. These requirements usually follow these guidelines:• Have a current job for at least 3 consecutive months.
• Take home a minimum of $800.00 monthly after taxes.
• Have a valid chequing account open for at least 3 months.

Certain lenders also require current bank statements and paycheck stubs. Online payday loans lenders also take into account the number of NSF’s (non sufficient fund) charges an applicant has incurred in the past 30 days, and the number of current outstanding online payday loans.

Read the rest of this entry »

Payday loans are easier to get than credit cards or personal loans since there is no credit check involved. And because payday loans are meant for a short period, usually 30 days or less, payday companies don’t require an extensive background check.

No Credit Checks

Credit checks take time – several days in fact. And when you borrow large amounts, like with a car or home loan, it makes sense for a lender to make sure you aren’t too high a credit risk.

Cash advance companies deal with much smaller loan amounts, between $50 and $1500, so they can afford to lend to anyone with a regular source of income. Not only do you not have to worry about your credit score with a payday loan, but you also reduce time spent processing your loan application.

Read the rest of this entry »

If you are in a hurry for a payday loan, the last thing you want to have to do is fax in your documents of verification. That’s no problem, nowadays, you can find many faxless payday loan companies that can verify your income and identification without you having to fax in any documents.

To see a recommended faxless payday loan company, click on the link toward the end of this article. Payday and cash advance loans are good in a situation where the fees you may incur not paying a bill on time, like rent or a credit card payment, exceed the fees of a payday or cash advance loan, which usually range from $20-$30 per every $100 borrowed for every 2-3 week period.

When you are in a hurry for the money, you most likely don’t want to take the time to fax in and gather documents. Most faxless or no fax payday loan companies will verify your income and other information by phone or electronically. Read the rest of this entry »