You may have considered a payday loan or cash advance to get you through a tough time or to pay for an emergency medical expense or repair on your car. Payday loans can be obtained fairly quickly, sometimes on the same day as the request, and can sometimes be a lifesaver. You need to know what to expect before you apply.
First, shop around for the company that offers you the best terms and conditions. Dont worry if you have bad credit or no credit. There are companies out there that offer fair terms to people who have had some financial difficulty in the past. Most likely you will need to prove your income. Be prepared to fax information to the lender if it is requested. Most will require faxed information, but some advertise that they are a faxless lender. You do need to have a steady source of income to qualify for just about any loan, including payday loans and cash advances.
If you think that youll be overwhelmed by fine print, just keep a few key rules of thumb in mind. Some companies charge a penalty if you choose to pay the loan off early. If youre not aware of the penalty, you could end up paying more than you anticipated. Try to stick to companies that...