Payday Loans
What is a payday loan?
A payday loan is a short term loan, usually less than $1000, that is borrowed and must be paid back when you get your paycheck, reason why they are also referred to as paycheck loans. You can take a payday loan by either going to your local payday store or get one online.http://paydayloanjr.com
Getting a Payday Loan from a Store
Thinking of going to a store to get a payday loan? You must first look for your local payday or check cashing store as many of those stores also offer payday loans. When heading to your local store to take a payday loan, we recommend you take your State picture ID and a second form of identification to prove your identity. Take your previous paystub(s) to prove you are employed, and some bills with your address so lender can verify your residential address. Some payday stores may require you to take your bank Statement with you to prove that you have an open checking account. This way they can check your balance history ensuring that you make enough money to pay the loan back.
In addition to all these, unlike popular belief, payday stores may approve you for a payday loan right away. They may call your bank, your employer, and may require you to fax in more information. And as we said before, many of these payday stores are also check cashing stores so there may be a line or processing time that you will need to wait.
Payday Loans Online
An alternative to payday loan stores or check cashing stores that offer payday loans, is taking a payday loan online. The great advantage of taking an online payday loan is it can be done from the privacy of your home. You don't have to drive anywhere or wait in line to apply for a loan.
In addition, online payday loans require less paperwork, and if your employment can be verified online or via phone, then there is no faxing required.