Do You Need a Payday Advance Online?
A Payday Advance or Payday Loans are a useful way to get fast cash when you need to cover an emergency expense, like an unexpected medical bill or a car breakdown. Let’s explain the basics and discuss how this type of loan from My Payday Loan works.
What Is A Payday Advance?
A payday loan is a short-term loan that’s usually provided for 2-4 weeks, and is intended to be repaid on your next payday. This is a short loan that helps you cover unexpected expenses that may pop up between pay periods.
This type of loan is relatively high-risk, so the fees charged by payday lenders are higher compared to other types of loans. However, no collateral is required, and your credit score usually does not matter, so they are a good option for some people who may have trouble qualifying for other types of loans.
How Does A Payday Advance Work?
The way payday loans work is simple! At My Payday Loan, the process consists of the following three steps:
- Apply online – Get started by clicking here to fill out an online application. The entire process takes only a few minutes, and you don’t have to visit an in-person loan office.
- Accept your loan & get cash – Once you’ve been approved, you’ll need to accept your loan. In most cases, we can deposit your funds on the same business day you apply.
- Repay your loan – You can spend the loan money on whatever you need. Just make sure you have adequate funds in your bank account on your due date. We’ll automatically withdraw what you owe on your payday loan due date.
What Do I Need To Apply?
This depends on your payday lender, but at My Payday Loan, we have only a few basic requirements. If you meet these criteria, you’re likely to be approved for a loan.
- You must be a U.S. citizen and be at least 18 years old, as it is illegal to lend to minors.
- You must currently be employed, and you must have a verifiable income. We will ask for income verification during your application.
- You must have an open, active checking account. We deposit funds using an ACH transfer. We cannot deposit funds into savings accounts.
How Do I Get Started? Just Apply Today With My Payday Loan!
At My Payday Loan, it’s easy to get started. All you have to do is click here to apply online. In just a few simple steps, you can fill out our application, see how much you can borrow, and get your cash.
It takes only a few minutes, so you can get the cash you need and get on with your life. And as part of the Online Lenders Alliance, we’re dedicated to safety and transparency, so you’ll be in good hands with My Payday Loan. Get started now, or contact us if you have any questions or require assistance.