Cash Advance Payday Loans
Cash advance payday loans offer fast cash to those suffering a personal emergency and are without adequate financial means to handle it. They are often processed on the same day of application and can be as much as $1500, depending on state laws. Applications request such information as full name, address, and employment history. Applicants must be US citizens, of 18 years old, have lived in their current residency for at least 3 months, and have held their current employment position for at least 3 months. They must make at least $1000 a month, depending on the company. Applications can be filled out online while the necessary documents are faxed over before approval. Necessary documents for approval include a complete bank statement, recent pay-stub, copy of state issued ID, a voided check, and a recent telephone bill as well as the loan agreement. Also, a checking account that has been open for at least 3 months is necessary. Fast cash services do no check credit reports. Employers are contacted to verify information. The money is usually put into your account the same day of application. When the loan is due and hasn’t been paid back, the fast payday company will likely debit your account for the full amount. Usually, you can request an extension, which will have the company debit your account for the interest incurred, and extend the due date of the full loan. Cash advance payday loans are only to be used for emergencies because of the high interest rates they often involve.