Cash in One Hour: Solving Your Financial Crunches for Sure

Imagine getting a surprise bill that is the amount of half of your paycheck. It happens sometimes with home or car repairs. Even if you have insurance you may still have to pay some medical bills out of your own pocket. If you don't have any savings, this situation can put you in a bind. If your credit score is low, chances are banks won't approve you for a loan. You can turn to friends and family but you could risk disrupting relationships in your closest circles. A better alternative might be a payday loan which does not require a credit check and is much quicker to get approved, regardless of your financial history.

Basic Requirements

In order to get a payday loan you must be at least 18 years of age and be a legal resident of the United States. You also need to be employed and present pay stubs or earn a certain income level from a source such as social security or a pension plan. It is possible for self-employed individuals to get payday loans but it depends on the lender and usually involves submitting tax returns as proof of income. You will also need a checking account so that the cash advance can be deposited in your account.

Simple Fast Process

The loan application process only takes five minutes and can be done online. While banks make the loan process complex by requiring a lot of time-consuming paperwork, lenders of payday loans are mainly concerned with your employment and whether or not you have a bank account. The approval process can take as little as one hour and most likely less than 24 hours.

Your main concern should be a commitment to repay the loan as soon as possible. Payday loans typically must be repaid within 30 days before high-interest penalties kick in. If you are not careful it can lead to debt that expands out of control. That's why you should only take out a payday loan if you have a solid repayment plan. Payday loans work best for emergencies but can also be used for vacations.