First of all you need to know what a payday loan is: it is a short term, high interest cash advance with your paycheck as collateral. This means that when you get paid the lender will withdraw the loan amount from your account by direct debit. You can borrow up to $1500 for a period of not more than a month with interest rates of between 15 and 30% and administration fees of between $20 and $35. You can find reputable companies or individual lenders by Internet and fill out an application online.
A lot of lenders will promise 100% guaranteed approval, but in reality this isn’t always quite true, as no lender will give you a loan if you don’t meet certain criteria:
You must be a US citizen of over eighteen years of age; you must have a steady job where you have been employed for more that six months. Some loan companies will only lend to people in full time employment with a salary equal to $1000 after tax deductions; other lenders will consider your application if you have a part-time job, are self-employed or even unemployed if you receive state benefits. You must have a current checking or savings account that isn’t overdrawn and which accepts direct transfers. A lot of lenders will ask to be repaid by direct debit, while others will only accept you if you can repay by debit card.
Some lenders won’t do a Teletrack check on you, which will improve your chances of getting a loan. Quite a lot of companies will do a credit check and refuse you a loan if your credit rating isn’t high. If you have a bad credit score it’s best to look around to find a company that does no credit checking.
If you meet all the loan company’s requirements you can be 99% sure of getting approval for your loan, but this doesn’t mean that you should accept the first offer you see on Internet. You should always take the time to compare various lending institutions or individuals to find the best rates and most flexible repayment terms.
So you see, payday loans guaranteed approval publicity isn’t just a way to get people to borrow money, they really do exist – under certain conditions.
Everyone knows that sinking feeling when the final reminder for a bill comes in the morning mail, demanding payment by the end of the week and threatening that some essential service will be cut off otherwise. You get the letter on Thursday, it’s the middle of the month, you’ve just forked out for your daughter’s ballet lessons and you’re strapped for cash. No one in your family or circle of friends can be touched for a quick loan, so how to get through the weekend without the electric stove, hot shower water – and even worse, without the television! Don’t panic, a one hour payday loan is only a few clicks away.
All you have to do is to surf through the Net to find a reputable one hour loan company. Before settling on one, check out the interest rates, the terms and conditions of the loan and customer feedback. You fill in your application form online with the few personal details the company needs to approve your loan. Then you wait. A few minutes later you’ll get your approval and within an hour the money is transferred into your account, ready to be used straight away.
http://paydaylendersreviews.com/payday-loan-saved-me-from-eviction/ is an actual review from a satisfied customer of the direct payday lender.