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      November 22, 2017

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Payday Loans Offer Fast Cash When You Need It

Fast Cash Payday Loans vs Traditional Loans

Payday Loans FAQ

The Benefits of Payday Loans

Applying for Payday Loans Online

How to Find Lenders Specializing in Payday Loans

Reasons Why You May Need a Payday Loan

Payday Loans and Your Credit

Tips for Getting and Repaying a Payday Loan

 

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Payday Loans FAQ

Question: How much can I request when applying for payday loans?

Answer: Some lenders will grant up to $1,500.00, while others will loan a maximum of $500.00 in payday loans to an applicant. The maximum amount will vary depending on the lender and their policies regarding these types of loans. In addition, the amount that you are approved for will be determined largely by your income.

 

Question: Are payday loans available for self-employed individuals?

Answer: Generally, payday loans offer fast cash for those with a steady job and paycheck. Because self-employed individuals often have sporadic income and they do not work for a traditional employer nor are they guaranteed a weekly paycheck, they are not usually eligible for payday loans.

 

Question: I need a payday loan, but have been turned down by other lenders due to a poor credit history. Will I qualify for payday loans?

Answer: Because payday loans do not generally require a credit check, your past credit history will not be a factor in whether or not your loan is approved. What is more important is your current employment and income, which the lender will evaluate while deciding whether or not to issue you a loan. Even if you have bad credit, you may be able to qualify for payday loans.

 

Question: I’ve heard that payday loans have excessive fees. Is this true and what, if anything, can I do to minimize them?

Answer: Most payday lenders charge a fee based on the loan amount. This cost may range from $10.00 to $30.00 per $100.00 loaned. There is no way to minimize these fees as they are calculated by the lender in accordance with their policy on payday loans. However, if you want to avoid future fees and the continued cost of payday loans, pay the loan off with your next paycheck as opposed to extending it further.

 

Question: How long will the application process take for payday loans?

Answer: Most applications will take only a few minutes of your time and some can even be completed online. The latter is often the most convenient as they do not require that you even leave your home.

 

Question: Once I submit an application, how long will it take to receive my payday loan?

Answer: The answer to this question will greatly depend on the lender and their policy on payday loans. Because these types of loans are designed to provide fast cash, you will generally receive your funds quickly. Some companies promise to issue your payment within 24 hours, but you should check with the lender regarding schedules before submitting an application.

 

Question: How can I find payday lenders online?

Answer: The best way to find legitimate fast cash loans online is by reading independent reviews, which are designed to evaluate a business and its services. Through this, you will have the opportunity to read about the amount of payday loans offered, the services available and fees required for these types of loans.

Richard Cordray's departure should end the campaign against payday loans

by Patrice Onwuka | Nov 20, 2017, 4:39 PM Share on Twitter Share on Facebook Email this article Share on LinkedIn Print this article In many cases, these loans, even with high interest rates, are cheaper than incurring daily fees for overdrawing their ...

Published:  Tue, 21 Nov 2017 11:22:00 GMT



The Perfect Coda for Cordray's Tenure: Nullifying the Payday Lending Rule

Some people don't like payday loans, but there's a huge difference between viewing something unfavorably and using the power of the federal government - through an independent agency whose structure has been ruled unconstitutional - to effectively ...

Published:  Wed, 22 Nov 2017 09:32:00 GMT



Number of hard-up Brits applying for payday loans to help cover rent or mortgage has more than doubled in two years

The number of hard-up Brits applying for payday loans to help cover their rent or mortgage has more than doubled in just two years, shocking new figures reveal. The stats reveal that the number of total applicants looking for emergency financial help has ...

Published:  Wed, 22 Nov 2017 09:58:00 GMT



Insight: Who Uses Payday Loans

The world economy has become more and more complex and volatile in recent decades. Income inequality continues to rise. Meanwhile, companies find new ways to make money. Financial "˜products' abound, including those targeted at people who can't get ...

Published:  Fri, 17 Nov 2017 10:16:00 GMT



Trapped in payday loan debt Here's how you can escape.

That's how the 12 million Americans who take out payday loans each year usually feel. That's understandable, considering they pay out around nine billion dollars in loan fees. But there is hope - you don't have to be stuck in the payday loan debt ...

Published:  Sun, 12 Nov 2017 04:38:00 GMT



This Democrat Is About To Give Payday Lenders A Big Boost

The legislation would allow payday lenders to ignore state interest rate caps on consumer loans as long as they partnered with a national bank. Although it has been generally overlooked amid the GOP's stumbling attempt to repeal Obamacare and its ...

Published:  Tue, 14 Nov 2017 04:00:00 GMT



350 Percent Interest Rate Senators Bankrolled By Payday Lenders Can Live With That

In addition to traditional payday lenders, newer financial technology companies want to become bigger players in the high-interest loan business, the Huffington Post reported Tuesday. Warner is an outspoken proponent of fintech, and should his bill become ...

Published:  Fri, 17 Nov 2017 09:54:00 GMT



Trying to Get a Low APR Payday Loan Consider These 4 Tips

When you take out fast cash loans, it means that it can help you get out of a financial jam pretty quickly. However, you are then faced with finding a way to pay the loan back with huge APR charges. Believe it or not, the solution to this problem may be ...

Published:  Wed, 22 Nov 2017 07:34:00 GMT



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