Payday advance – solutions that help you from bouncing checks and missing important bills.
Do you feel harried by the economic downturn? Are your bills becoming ever expensive, with the prices of gas, food, and other essentials on a continuous rise? It can get particularly tricky when your property taxes are due, your car needs to be repaired, or you want a vacation. With your income stuck at the same level, it can be difficult to keep up with it all.
What can help in this situation?
Here’s where a payday advance can be a lifesaver - for those small things that come up unexpectedly, creating a need for immediate cash. This advance loan is hassle free i.e. you can receive your loan within 24 hours. The loan amount is deposited straight into your account the very next business day. Now, isn’t that truly incredible?
How does payday advance work?
Payday advance companies grant you loans until your next salary. They charge a fee and an interest rate against the amount lent. When you opt for a payday advance, you write a check to the lender, to be charged on your next pay day. Occasionally, you can opt for an incremental payment plan where you can pay back the loan over the course of several paychecks. This also means that you pay additional finance charges and interest.
How to apply?
While applying for a payday advance loan, you need to give your employment details, your credit history and your income. Even borrowers with poor credit records typically have no problems with getting a loan approved. However, it could make a difference in the interest rate and finance charges.
In a nutshell, payday advance is a benefit that can prove to be quite a handy savior on those occasions when your spending needs catch you unawares.