www.18002Paydays.com

www.18002Paydays.com

The term overnight loan is usually used to refer to a payday loan. Payday loans are loans that don't use traditional collateral but are instead guaranteed by your next paycheck. You can typically borrow up to $2,000 (depending on your income) and have to pay the loan off in full on your next payday. You will turn over to the lender your bank account information and they will automatically debit your checking account for the loan amount plus fees on your next payday. Because they can be obtained very quickly, payday loans are often referred to as overnight loans. You can apply for a payday loan today and in most cases you can have the money in your checking account the next day.

Qualifying for an Overnight Loan
Are payday loans hard to get? The simple answer to that question is no, they are not hard to get. If you have a job with verifiable income and a checking account you can get a payday loan as long as your income meets the lender's requirements. Because payday loans are secured by your next paycheck they do not require the lender to look at your credit report. This can be beneficial for a consumer that has bad credit and needs to get emergency cash immediately.

Payday loans are easy to get but they are an expensive way to borrow money. Payday lenders do not usually attach an APR to their loans as is the case with traditional loans like auto loans and mortgage loans. Instead, they collect a flat fee based on the amount you borrow - a typical example would be a fee of $15 for every $100 borrowed. Payday loans usually go up to a maximum amount borrowed of $2,000. In the case of a $2,000 loan you would pay the lender approximately $300 in fees. When you consider the fact that this loan has to be paid off on your next payday (2-4 weeks from now) you can see that this is a very expensive way to borrow money for a very short period of time.

www.22Santa.com

www.22Santa.com

There comes a time in everyone's life where their luck works against them and they need cash in a hurry. It could be something minor like an automobile breakdown or something major like ending up at the emergency room. Regardless of the reason, you feel totally helpless, which makes things even worse. You find yourself at the mercy of others. For many of us, asking for help is one of the hardest things to do.

So what do you do when you are in urgent need of cash and have no one left to turn to? It's called a payday advance loan. Payday loans are available in nearly every state. All loans aren't the same. To find the best pay day advance loans, you need to dig a little.

Payday loans are usually considered very expensive in terms of interest rates but when you look at it in perspective, they really aren't that bad. If it comes down to missing a payment on a credit card, which would affect your credit rating and cost you $29 for a late payment, the fees you pay for a payday loan seem cheap. Missing a credit card payment will increase your interest rate costs on every loan you need in the future for a couple years.

Let's say you are going to buy a new car for $10,000. If you have good credit, your rate might be as low as 7%-8%. Your payment would be about $200/mo. If you have bad credit because you missed credit card payments, your rate might be as high as 18%-21%. Your payment will now balloon to $250/mo, a 25% increase in your monthly payment. Is it any wonder that people with bad credit never get ahead?

Would you rather make one payment of $50 to use a payday loan to save your credit or pay $50 a month extra for 5 years when you buy a car? Considering the expense of a payday loan, it is worth your time to shop to find the best payday advance loans. There are literally hundreds of websites that offer payday loans. How do you know if you are getting the best deal?

www.RightChoiceFunding.com

www.RightChoiceFunding.com

A new law that has been written into the books this year may interfere with the ability of many to get emergency funds by limiting access to payday loans across the state of Washington. The law which officially took effect January 1, 2010, has already received some seriously mixed reviews from both sides of the debate. Many are wondering whether the new legislation, which drastically affects the payday loans industry in the state, will be helpful or if it will be a hindrance for both the borrowers and lenders who rely on such services on a regular basis.

Legislation began as a result of years of bitter fighting between the payday loans industry and consumer advocate groups who were concerned about the potential risk for abuse and dependency from borrowers and loaners alike. The main idea is to set strict limits on what consumers can borrow and provide them with more payment options. The objective of the new law is to encourage borrowers to step up and take more responsibility for their monthly budget and get their debt under control. What lawmakers fail to take into account is that many consumers honestly need the money and feel the sting of the recent legislation. Lawmakers shouldn't have the right to tell people how they spend their own money. It isn't the government's place to baby sit people after all.

The new law requires payday lenders to be more lenient on receiving payment by forcing them to provide a payment plan rather than requiring to be paid in a one lump sum. Unfortunately for consumers, the new law severely limits the amount of money a person can borrow and places a cap on the number of payday loans one can take out in a given year. The new limit makes it so that loaners cannot provide consumers with a loan that exceeds either $700 or 30% of their total monthly income before expenses, whichever amounts to more. It will also require a database to be setup that requires all loans to be reported and recorded by the state to make sure that no one is taking advantage of the system. That means less privacy for everyone.

www.LoansFastCashAdvance.com

www.LoansFastCashAdvance.com

Payday loans can be a lifesaver when you have a sudden emergency and need a cash advance fast, but there can be a serious downside to this type of borrowing if you are not careful about who you borrow money from. The danger comes from excessive penalties that are charged on late payments by some of the less scrupulous payday lenders.

Payday loans are quite different to any other type of borrowing. They are a way of accessing extra cash extremely quickly and usually without any kind of credit check. The reason credit checks are not necessary is that payday loans are always for very short periods of time and for relatively small amounts of money. Provided you can demonstrate that you have a job and a bank account, the lender can be pretty sure of getting their money back.

The cost of a payday loan is usually a fixed amount, which will vary with the size of the loan. This charge in itself is perhaps not unreasonable for the service provided, but it is only appropriate as a one-off fee over that short time period. If you were to work out what that charge represented as an annual percentage rate (APR), you would see that it then became astronomical, perhaps a hundred times higher than a typical personal loan. This is because that charge is not meant to be applied over a period of time like the interest on a personal loan would be.

If you don't pay a payday loan back on the due date, you are leaving it open for the lender to apply extra interest or penalty charges. It has to be said that this is what happens all too frequently, and this is where many payday lenders really make their money, and is what they hope for and depend on. Once this process starts, the extra charges can very quickly amount to more than the original amount you borrowed. This leads to a cycle that is impossible to break out of, because the debt is for more that you are ever going to have spare in any month.          

www.LoanDentist.com

www.LoanDentist.com

Payday loans are an increasingly easy way to get a cash advance, and with some of the best online lenders the process is now incredibly fast. When lenders will not approve payday loans until they see certain documents, this can add a lot of time onto the application process. In such situations you normally have to fax documents through and wait until someone checks it and responds. The extra time this takes is at best an inconvenience and at worst can cause long delays that are a major problem when you need money fast.

You need to narrow down your search for a lender to avoid companies that have these extra procedures as part of their standard approval process for every application. There is really no need for it, and there are enough payday lenders out there now who have very streamlined approval processes that require no documents. Even with the best companies there can occasionally be delays, but these are often to do with the information provided on the form, and some of these delays can be avoided.

There are a few things you can do yourself to ensure that you minimise the chances of doing anything to slow down the process. One of the most common causes of delays is people not filling in part of the application form properly. This can either mean entering information inaccurately, or missing something out that needs to be included. Every tiny error or omission on an application form can add time to your application process. Think about what information you are going to need to provide before you apply and make sure you have all the necessary documents to hand.