Cash till payday loans have
generated controversy in the past and they will continue to do so in the
future. What lawmakers and the "higher-ups" don't understand is that
payday cash advance loans offer a real service to the everyday consumer. Sometimes,
a high interest rate loan is better than being evicted out of your apartment or
having no transportation to get to work because your car stalled.
Payday loans are simply a necessity
at points in our lives. Your car breaks down and you have no choice but to fix.
After all, if you don't go to work, you will really be in the poor house. How
will you buy food, pay rent and take care of your kids?
If you find yourself in an emergency
situation or you just need cash to get by until payday, a cash advance loan
secured against your paycheck will ensure that you get cash in 1 hour to 24
hours with no hassles.
There are three minimal
qualifications that you must meet, as follows:
1. You must have a steady job. To
some payday loan lenders, a "steady job" means that you've had the
same job for 90 days. For others, it means working at the same job for 180 days
or approximately 6 months.
2. You must have a checking account.
This is logical since that is how you will be able to get your quick payday
loan cash. You complete a short online application, a loan officer calls to
verify your information and then wires the cash immediately to your checking
account. Payday loan lenders usually offer $250, $500, $1000, $750 and $1500 in
cash. If you don't have a checking account but rather a savings account, the
lender maybe be willing to work with your bank to get permission to wire the
cash to your savings account.
3. You must be 18 years or older.