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SlideShare utilise les cookies pour améliorer les fonctionnalités et les performances, et également pour vous montrer des publicités pertinentes. Si vous continuez à naviguer sur ce site, vous acceptez l’utilisation de cookies. Consultez notre Politique de confidentialité et nos Conditions d’utilisation pour en savoir plus.
What is a payday loan?A payday loan is a short term loan, usually less than $1000, that is borrowed and must be paid backwhen you get your paycheck, reason why they are also referred to as paycheck loans. You can take apayday loan by either going to your local payday store or get one online.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 checkcashing store as many of those stores also offer payday loans. When heading to your local store to takea payday loan, we recommend you take your State picture ID and a second form of identification toprove your identity. Take your previous paystub(s) to prove you are employed, and some bills with youraddress so lender can verify your residential address. Some payday stores may require you to take yourbank Statement with you to prove that you have an open checking account. This way they can checkyour 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 rightaway. They may call your bank, your employer, and may require you to fax in more information. And aswe said before, many of these payday stores are also check cashing stores so there may be a line orprocessing 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 paydayloan online. The great advantage of taking an online payday loan from payday loan lenders is it can bedone 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 onlineor via phone, then there is no faxing required.Online Payday Loans from Direct Lender Getting a payday loan from a direct payday lender gives you peace of mind because online paydaylenders are required to secure their website with the latest SSL encryption, and other online securityprograms such as VeriSign and McAfee, so you know they offer payday loans securely.Also direct payday loan lenders do not pass your information to other lenders, unless they have yourconsent.Instant Payday Loan ApprovalAnother great advantage of taking an online payday loan is that in most cases you will get an instantonline approval. That way you know if you were approved and, in most cases, how much you wereapproved for in just a few minutes. Just make sure you enter all of your information correctly, one of themain reasons instant approvals aren’t possible is because customers enter their information incorrectly.
No Credit Check If you have bad credit or less than perfect credit, then payday loans are one of your few options. Mostpayday lenders don’t check your credit as long as you can prove you can pay back the loan by provingyou have a stable job with stable income and a fixed pay day. Most lenders require you to have a fulltime job, steady paycheck dates, and you make at least three times the amount of what you are askingto borrow each month net. For example, if you are asking for a $500 loan, then most lenders would likeyou make $1500 net a month. But if you make less than that, don’t be discouraged, still apply for a payday loan as some lenders, like us, like to make exception for first time customers or good returningcustomers.No Faxing Payday Loans If you apply for a payday loan with a pay day lender that offer the loans directly, and you entered allyour employment information correctly, along with your bank account and your paycheck amount, andit can all be verified online, then there is no faxing required. A faxless payday loan is a much faster loan,so make sure you enter all necessary information correctly on the online payday application.Direct Deposit Payday Loans All online payday loans are deposited directly into your checking account. In some cases, lenders mayrequire you have direct deposit. That means you get your paycheck from your employer via directdeposit. Having direct deposit helps the verification process but it is not completely necessary, if youneed a payday loan but don’t have direct deposit go ahead and apply for one anyway.