Fast Cash Payday

2007-03-08 10:33:40

( Financial )



Fast cash payday, also known as fast loan or loans fast, is a short-term loan made before payday. This loan is taken to provide as your cashflow until payday comes.

Fast cash payday requirements

To be eligible for a fast loan, companies require that you are at least 18 years old. Also, you have to be employed and have a checking account under your name. Your fast cash payday is most likely to be approved if you are working in your current company for at least 6 months. This is for the reason that it increases the possibility that you have steady income and you are credible enough to pay later for the loan.

Fast cash payday process

As part of your application process for a fast loan, each lender requires that you fill out a form stating basic information about you. Besides your name and address, the information includes your duration of employment and employer's name and address.

Since fast cash payday lasts for a very brief time, the amount of the loan is usually not that high. In exchange of the cash you get as a loan, you usually give the lender a post-dated check having the amount you borrowed plus the interest. The date stated on the post-dated check is usually the date of your payday. There are some cases when payment is done not through a check but through bank transfer. This is most likely the case when application for a fast loan is done online.

Fast cash payday features

While most companies claim that they grant fast cash payday without credit checks, some do otherwise. There are some companies who approve and immediately send money to you within 24 hours of application but this usually depends on your credit rating and location.
There are a number of companies whose requirements include faxing your application form to them. However, most companies employ a more convenient method, having applications sent online to them so that you do not have to use a fax machine and, instead, make a few clicks in their website to finish your fast loan application. Just as interests range among different lenders, the maximum amount of fast loan also varies.


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