Payday loans cater to a wide range of requirements in size from $100 to $1,000, depending on state legal maximums. The average loan term is about two-weeks. The finance charge ranges from $15 to $30 to borrow $100. Shorter term loans have higher APR.
Payday loans are legally approved by the appropriate authority.
Pay day loans is a well-calculated facility for meeting your short term cash needs. It is a loan equal to your one month's pay to be repaid on
your next pay date.
It can be repaid even later than a month but financial charges are to be paid by the due date.
There are no questions on affordability and not even a full credit check.
All the transactions are processed through bank only. All you need is a bank account in relatively good standing, a steady source of income and a valid proof of your identification.
Apply online. Any payday loan stores, check cashers, pawnshops or rent to own companies would act quick to your loan requirement equal to your next month's pay. We charge affordable rates.
Repayment made simple. Just a personal check for future deposit or you signature over electronic access to the bank account to receive and repay payday loans. Redeem the check for cash and allow the check to be deposited at the bank on the loan due date.
It gets automatically renewed every payday, with the finance charge electronically withdrawn from the bank account. It can also be availed on the same day of re-payment of previous loan.
Non-repayment of the loan as per the agreed terms of period causing Check bounce would have negative credit ratings on specialized databases. In such cases, a borrower can lose her/his bank account or have difficulty opening a new bank account if she develops a record of "bouncing" checks used to get payday loans.
The end of Financial problems-Payday loans!