Please see information on Payday loans below.


Payday loans

Payday loans are offered by many companies in most states. They are designed to cover you financially until your next payday accordingly, length of the loan is usually between 2 weeks and 30 days.

Here are aspects that make payday loans attractive:

  • Easy Application Process
  • Fast way to Access Cash
  • Bad Credit? No problem
  • Borrow as little as $80 and up to $1,000 (loan amounts vary)

How to Apply for a Payday Loan

Payday lending firms have very simple application processes which usually involve:

  • Applying via the lending firm website
  • Filling out a short online form with
  • Name:
  • Date of Birth:
  • Contact Details (address, email, phone):
  • Details of checking account (to receive the loan):
  • Details of your employment (how often do you receive paychecks?):
  • Await fast decision (often under 1 minute)
  • Receive your loan by same day, next day or within 48 hours

Who is Eligible?

The eligibility list for getting a payday loan is usually easy to fulfill. In general, lenders will ask that you:

  • Have a job (you may be able to be self employed check in advance)
  • Have been employed for over 3 months
  • Have an active checking account
  • Earn a minimum amount (this varies between lenders so check in advance)
  • Are a full US resident with a permanent address

What about my Credit Score?

If you have a bad credit history, defaults, court judgments, unsettled debts or any other factors that make lenders usually turn you down for credit you can still apply for a payday loan. Payday lenders rarely carry out credit checks and in the unlikely event that they do, they will notify you in advance.

Do Lenders Offer to All States?

Some lenders will only offer loans within their own state while others will offer loans in a wider area. Check this while you are shopping around. Note that your loan agreement might be governed by your state.

What are the Benefits of Payday Loans?

Payday loans provide one of the easiest methods to access credit. Lots of banks are becoming tougher on credit application which is why it is a great comfort to many Americans that there is still a way to get cash fast. Another benefit of payday loans is that the are so simple to be accepted for regardless of your credit past. To get up to $1,000 direct into your checking account you are not even required to leave the comfort of your own home!

What are the Disadvantages of Payday Loans?

Payday loans offer an easy and fast way to receive funds until payday. However there are one or two aspects which should be considered prior to application.

The interest rate on payday loans are usually high compared to normal loans so if you do not pay back the loan as fast as possible it could become expensive.

Before applying for any type of loan you might like to seek independent financial advice.


Please Note: is not authorised to give advice under provincial and federal regulations.

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