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If you are looking for a cash advance, you have found the right place. Our lenders are specialists in offering payday advances to people like you every day.
They are industry experts in payday lending. So you can rest assured that you will receive a fast, professional service and that your cash is deposited directly into your bank account, quickly and securely.
AdvanceLoan.net offers a payday cash advance loans service that quickly allows you to borrow $100-$1000. Then have the money credited directly into your bank account via a secure bank transfer. If you need money to sort out your personal finances before you get paid, approved payday loans can be a viable short-term credit option. These cash advance loans work because they are meant for you to meet needs like hospitalization, car repairs, medical bills or any other urgent bill. They are secured against your next paycheck which is one of the benefits of this type of loan funding. That's why you do not need to worry about having a deposit to get a loan.
Our trusted service works nationwide across the USA (except for states in which payday lending is not allowed by law). Services are open 24/7, 365 days per year, providing cash advance loans for all credit types. You do not have to search for locations locally as your application is completed quickly online.
Consumers who get a shorter term loan are often young, such as parents who need money to pay bills that have mounted up. One of the advantages of this type of loan is once approved, the funds can be deposited directly into your bank account the next working day. Sometimes, depending on the lender that you are matched with, money could be transferred as soon as that same day.
The basic requirements are the following: a checking account, personal identification and a proof of income. Cash advances need to be paid back within 2 weeks of them being taken out. Sometimes these cash advance loans are the easiest solution for people who are in need of money immediately due to urgent financial problems.
Consumers write a check for the amount that they are borrowing plus the additional interest fee. This check is then given to the lender as collateral against the payday advance. If you apply for an online cash advance double check the amount you will be repaying to the lender. Its not unusual for the annual percentage rate or APR of these loans to hit 400%!. This is why borrowers are advised to get small loans only if it's really necessary and not to buy things that can wait until their next net pay check.
An online payday loan is a swift solution to cover immediate money needs. Since the application and approval period only takes about a day (sometimes even overnight) this is perhaps the perfect way for one to acquire cash for urgent situations. However, with the shortness of term of this cash advance loan comes the disadvantage of having a very high interest rate. A person who wants to get payday loans online should be fully aware of what they are getting themselves into. The customer will have to pay a separate fee on top of the initial capital and one installment payment to pay the loan off. These are temporary loans that are meant to cover a borrower's costs until their next payday. The bank generally charges a fixed amount per $100 borrowed and the loan is until your next payday, irrespective of when you apply. Pay advance loans regularly help those who can't get credit easily anywhere else. Used responsibly, they could be a valuable and viable credit option for certain types of people.
Financial emergencies can cause stress and can also be very expensive in terms of the interest added on payday loan funding. This is why consumers should always educate themselves when it comes to short-term cash advance loans so that they avoid potentially drowning in too much debt. Whilst they are relatively easy to acquire, they are also expensive. There are many lending options available now, especially due to the rise of Internet banking. We aim to provide a secure, legitimate service that you can trust to help you get the loan that you need. Each application is faxless and a personal reference is not required.
AdvanceLoan use the latest SSL technology that has up to 256-bit encryption to keep your loan application private and secure. Quick online funding has never been so accessible and there is no faster service than our web-based lending solution.
So if you are in need of some immediate cash and you haven't got the time to apply for a normal personal bank loan. An online payday advance is an option to consider.
Recent Customer Questions July 2019:
Question: How long do I have to pay an online payday loan back?.
Answer: Your loan is paid back on your next payday, which is normally between 7 and 30 days after you have taken the loan out. If you are not quite sure of your exact payday is you can ask your employer who will be able to tell you. To give you an example, if you got payday advance loans on the 5th day of the month. Your pay date is the 30th; you will have 25 days before the loan is due to be paid back.
Question: How do payday loans work?
Answer: Payday loans give you immediate cash that you can use to pay bills and cover other necessary expenses. You can use the funds from a payday loan for anything that you need to buy. In general, people take out payday loans for emergency cash flow. In exchange for granting a payday loan, lenders have you write them a check that will be deposited on the day when you receive your next paycheck. Some payday loans are repaid over several pay periods, but these loans can be more expensive because the interest charged on payday loans is generally higher than with other forms of financing, such as credit cards or personal loans.
Most payday loan companies will not let you borrow more money than you receive in a single pay period. Since payday loans are immediately deducted from your next paycheck, it is important to budget ahead to ensure that you can afford a payday loan. For many borrowers, however, payday loans can be a great source of emergency capital that can help you get through periods of limited cash.
Question: Can I apply for cash advance loans over the phone instead of using the website?.
Answer: Yes, you can apply for a cash advance via the telephone instead of doing it online. Our payday loan advisors are waiting to take your call, and they can answer any questions that you may have over the phone before you proceed with an application. Before you make the call, take a minute to write down any questions so that you are ready and won’t forget them. If you would like to use this option please call: 1-877-534-5330.
Question: How do I get another payday loan if I already have one?.
Answer: It will depend on the laws that cover payday lending of the state that you live in. It's important to consider that it's always better to repay one loan before taking out another. Otherwise, you could end up with larger repayments, which will make it difficult to pay off the loans.
Question: I'm a bit confused, what is the difference between a cash advance online and a payday loan, or are they the same?.
Answer:Yes, they are the same. It's just a different way of referring to essentially the same type of loan. Of course, all payday advances that are done online are directly credited to your checking account. Rather than you receiving actual cash in your hand at a store for the loan.
Question: Do I have to own a house or apartment to get a payday cash loan?.
Answer: No, a payday loan is an unsecured loan, meaning that you do not have to put any collateral down to take one out. This means you do not have to own a house or a car to apply for a loan.
Question:I need a cash advance fast but I have a bad credit rating, can I still get one?.
Answer: Yes, just because your credit rating is bad doesn't mean you will be disapproved for a loan. Payday advances are unsecured, short term loans so even if you have a bad credit rating the lenders will still consider you. Please be sure to fill out all your details accurately.
Question: I get paid at the end of the month, can I take out a payday loan at the beginning of the month?
Answer: Yes, payday loans generally last up to 30 days, so if you get paid at the beginning of the month, you can pay it off at the end or sooner if you prefer.
Question: What is an advance on a loan?
Answer: An advance gives you a short-term loan based on your future earnings. You can obtain advances immediately in most cases as long as you have the documentation needed for your loan application and a clean lending history. Unlike with long-term loans that you gradually pay down with monthly instalments, advances are ordinarily paid back with automatic deductions from your future paychecks. You will, therefore, need to budget with care by considering your near-term income and expenses. Once you get your advance, the money you receive can be used to cover short-term gaps in your budget to keep you going during hard times.
Question: Is a cash advance a loan?
Answer: Cash advances are different from loans because they are not borrowed for extended periods of time. Ordinary loans involve borrowing capital in exchange for paying interest throughout the life of the loan. Although cash advances generally carry interest, the short repayment term makes the interest rate less significant than with long-term loans. Instead, payday loan companies usually charge service fees that are added to your principal balance.
Question: What are short-term loans and advances?
Answer: Short-term loans are designed to give you a small amount of capital to cover cash flow shortages during difficult periods. Advances are a specific form of short-term that is repaid with a portion of each paycheck you receive. People take out short-term loans for a wide range of reasons. Most short-term loans are taken out for personal emergencies, but some people also use these loans to fund their businesses. Advances and most short-term loans are paid in cash, so you can use the funds for whatever you need.
Question: Is a payday loan the same as a personal loan?
Answer: A payday loan is not necessarily the same as a personal loan. Payday loans are a type of personal loan, but there are many different forms of personal loans that you can take out. People with excellent credit can usually take out large lump sums at a bank, but these loans are almost never repaid with paycheck deductions. Student loans are considered a form of personal loan, and these loans are repaid with monthly installments over a period of many years. With a payday loan, in contrast, you will repay your balance over several months as funds are deducted from your paychecks.
What does a loan advance mean?
Answer: A loan advance is a type of loan where a lump sum is given to a borrower at one time based on their projected ability to repay their loan in the near future. Advances give you an immediate sum of cash that you will repay in the short term using earnings from employment.
What type of loan is a payday loan?
Answer: The finance industry considers a payday loan as a form of short-term loan. Short-term loans are primarily paid for with fees instead of interest, and they are generally borrowed on the basis of your near-term earnings from employment. Advances are often synonymous with payday loans, but there are some advances that are available for retirees or self-employed individuals.
Do payday loans require a credit check?
Answer: You can take out a payday loan in most cases without having to go through a credit check. Lenders will look at public information related to your creditworthiness, such as your history of bankruptcy or defaults. Your income and expenses will also be considered. As long as your public information does not raise any serious red flags, you can be approved without a credit check in most cases. However, if you have good credit, you should look for lenders who offer credit checks because these payday loans are generally less expensive.
What do you need to apply for a payday loan?
Answer: The main requirement for applying for a payday loan is a consistent history of employment. Lenders want to see that you have a stable job and that your income is consistently above a certain level. You will also need to document your monthly expenses, including rent, utilities, and credit card payments. In general, payday loan companies that let you apply online ask you to input information about your income and expenses without requiring you to provide documentation. Payday loan companies that operate out of brick-and-mortar stores, in contrast, tend to ask for documentation before agreeing to disburse funds.
How long does it take to get approved for a payday loan?
Answer: Filling out an application for a payday loan takes less than 10 minutes in most cases. As part of the application process, you should take the time to read the entire loan agreement before moving forward. Once you have completed your application, most payday loan companies can approve your loan in less than an hour. Some loan companies advertise that they can approve your loan in less than 10 minutes. If your loan gets flagged for manual review, however, it may take up to 24 hours to get approved. You do not have to sign for your loan until after the approval process is complete, so you can apply with other lenders while you wait for your initial loan to get approved.
How do I qualify for a payday loan?
Answer: Your paycheck is the primary factor that lenders consider when you apply for a payday loan. If you have been employed for several months and your expenses are low, getting approved for a payday loan is generally simple. Lenders will also look at your history of bankruptcy and your monthly expenses. Most lenders are able to qualify customers who have bad credit for payday loans because these loans generally do not require a credit check.
How much does it cost to get a payday loan?
Answer: Most payday loans can be taken out without putting any money down. You will, of course, have to pay interest and fees depending on the type of loan that you take out. According to the Consumer Financial Protection Bureau, the average payday loan company charges fees of about 15 percent. If you are willing to shop around, some payday loan companies can give you cash for lower rates. Additionally, the cost of a payday loan can be less expensive when you borrow higher amounts of money.
In some cases, you can get better rates on payday loans when you have good credit. Most payday loans do not require a credit check, so you should not let bad credit hold you back from considering a payday loan. However, if you have good credit, you should try to find a lender that will give you more favorable rates on account of your credit history. There are also payday loan companies that can offer you favorable terms when you borrow money and pay it back without any issues on a regular basis. If you plan to take out payday loans frequently, therefore, you should look for a company that offers discounts for good borrowers.
Do payday loans show up on your credit report?
Answer: In most cases, lenders will not report your loan to the major credit agencies, such as Equifax, Trans Union, and Experian. As long as you pay your loan on time, you will probably never have to worry about your loan impacting your credit history. You should read your loan application carefully to determine whether a lender will report your loan to credit agencies.
Borrowers should keep in mind that payday loans will be reported to credit agencies in many cases when they are seriously delinquent. Your loan agreement will usually tell you a payday loan company's policy on credit reports. At a minimum, your loan is almost certain to show up on credit checks if it has been turned over to a collection agency. In an attempt to force you to pay your balance, collection agencies will usually report seriously delinquent loans to all of the major credit agencies. On the other hand, responsible borrowers who pay their loan balance on time almost never have payday loans appear on their credit history.
Do payday loans build your credit?
Answer: In most cases, payday loans do not help to build credit because they are not usually reported to credit agencies. For a loan to improve your credit score, it has to first be reported to a credit agency. You also have to make your payments on time and in the proper way for your credit score to increase. When credit agencies are not able to see that you took out a payday loan, they have no way of scoring you based on how you repay your loan.
If building credit is the main reason why you are looking to take out a payday loan, you should look for lenders that can offer payday loan products that are reported to credit agencies. In general, most borrowers who take out payday loans do not want their activities reported to credit agencies. You should ask your payday loan company if they can report to credit agencies on request, if you are looking to build credit.
How much can payday lenders charge?
Answer: Payday loan companies are subject to state and federal laws. There is no federal limit on the amount that a payday loan company can charge, but all 50 states limit the fees and interest that borrowers can be required to pay. In California, for example, payday loans cannot be larger than $300, and fees cannot exceed 15 percent. Some states impose restrictions on the interest rates that payday loan lenders can charge while other states have no restrictions on interest rates. You should talk to a lender that offers payday loans in your state to find out how much you can be required to pay in your jurisdiction.
What is the maximum payday loan amount?
Answer: In general, you cannot take out a payday loan for an amount exceeding the value of your next paycheck. State laws can prevent lenders from loaning you more than a fixed percentage of the amount that you receive in each pay period. Some states, however, do not limit the portion of a paycheck that a lender can deduct. Payday loans are in the range of $100 to $1,000 in most states.
The money that you receive each pay period determines the maximum amount that you can receive from a payday loan. Borrowers with high salaries are able to take out more from a payday loan than an individual with low income. There is no fixed maximum value for a payday loan, but the average payday loan is $500 or less. Lenders also impose a minimum loan value of about $50, but some companies enable you to take out smaller amounts.
Where can I get a payday advance?
Answer: It's possible to receive a payday advance online, over the phone, or in a physical store. Some payday providers operate retail establishments, and you might find it easier to speak with someone in person. Getting a payday loan over the phone is undeniably convenient, but you'll have more control over the process and avoid being put on hold if you handle the loan application process online.
How do I determine if an internet-based payday loan provider is trustworthy?
Answer: Before you apply with a payday loan provider, check out reviews from other users of this service. If these reviews paint the lender in a negative light, choose a different company. If the reviews are positive, however, go one step further and look for any complaints with the U.S. Consumer Financial Protection Bureau (CFPB), and never pick lenders that send spam emails or make unsolicited phone calls. If a company asks for up-front fees, funds wired via Western Union, or offers unprofessional customer service, it's a no-go.
Which internet-based payday loan provider is the best choice?
Answer: Look for a lender that's been in business for a long time and has satisfied thousands upon thousands of customers. Lenders with low interest rates are always preferable, and if a lender has a good reputation with past customers and consumer protection groups, it's probably a winner.
Can I apply for a payday loan online?
Answer: Not every payday loan provider will allow you to complete the application process for a loan online, but most do. In many cases, lenders that have physical locations and phone loan services also provide loans online, and it may be best to work with one of these multitaskers than to pick an institution that only offers payday loans over the internet.
What is the approval process for payday loans?
Answer: To receive a payday loan, you'll need to fill out a detailed application. This application will ask for a number of different personal details such as your name and social security number. It will also ask about your banking information, and some of the types of data requested may include your bank account balance and the names of the institutions that you bank with.
Most importantly, you'll also need to provide information on your employment status. A payday loan company can only stay in business if they can verify that their customers will pay back their loans on time, so ensuring that you are gainfully employed will be a vital aspect of every payday loan application you fill out.
How does a payday loan provider verify my employment?
Answer: A payday loan company may use a variety of different methods to make sure that you are employed. In some cases, a lender may ask you for your paystubs or some other form of proof of income, and they may also ask for copies of your bank statements to ensure that your income can cover the loan. Both of these methods are, however, time-consuming and inefficient, so most payday loan providers will choose to contact the payroll department of your place of employment directly.
How do you get approved for a payday loan online?
Answer: Approval for most payday loans are instant. However, many lenders have age requirements that must be met. Also, a person usually needs to have an active checking account. Unlike traditional bank loans that require piles of paperwork, payday loans are much more simple and take less time to complete.
How do payday loans verify income?
Answer: One of the most common ways a payday lender verifies income is through pay stubs or with proof of direct deposit. Another way ensure income is by checking bank statements for regular paycheck deposits.
Do payday lenders contact your employer?
Answer: Sometimes, payday lenders do to contact an applicant's employer. However, an employer is limited to the information that can be shared. If an individual is able to provide solid proof of income, it may not be necessary to get an employer involved.
Can I get a payday loan if I already owe one?
Answer: In certain states, it is possible to have multiple payday loans. However, the likelihood of receiving more than one is low. Since most payday loans are short-term, it should be simple to repay the first loan before another one is needed. Also, a second loan brings greater risk for the lender.
Can I pay a payday loan back early?
Answer: Before you decide to pay off your debt, it is wise to understand your contract. Sometimes, you can save money in fees by paying the loan off early. However, some payday loan companies charge penalties for an early payoff.
Question: Are the details for a loan that I enter on your site secure?
Answer: Yes, we use the very highest quality security certificate and all the data that you enter is secure.
Question: Will I have to fax any information to take out the payday loan?
Answer: No faxing is required to apply for a payday loan, the lender will have the information that they require in the application. They may ask for further information if they need it.
Question: When is your service open?
Answer: We are open 7 days a week, 24 hours a day, even on a Sunday. As all applications are made fully electronic online, we are always open.
Question: I am based outside the USA, can I still apply for a loan?
Answer: We only accept applications from USA residents within US states that allow payday lending.