My Payday Loan
A payday loan is a cash advance that is offered from a lending company to help in an emergency financial situation. Maybe you have unpaid credit card bills, or an emergency dental appointment. It doesn't matter why you need the money, a cash advance lender will give it to you if you meet the requirements. A payday loan is available from My Payday Loan even if you have bad credit or no credit. However, those who have filed for bankruptcy in the past year, or filed many times, will not be able to get a payday loan.
When you are a first time applicant with My Payday Loan, you can borrow either $100, $200, or $300. After your first payday loan is paid off completely, you will be permitted to borrow up to $400, and then after that, $500. If you have kept up with your payments, you will be allowed to borrow $100 more each time you get a loan, up to $1000. There are fees associated with getting a payday loan from My Payday Loan. These are $25 for every $100 that is borrowed, meaning if you borrow $100, you will be responsible for repaying $125.
Getting a no fax payday loan thru My Payday Loan is always fast and simple, and most people are eligible. You will need a checking account that has been active and in good standing for at least 3 months; you must be employed for a minimum of 6 months, and you must make at least $1000 every month. For online loans that are approved before 5 pm, Eastern Standard Time, the money will be deposited into your account overnight. After applying for a payday loan, the applicant's status will be given via email. Always be sure to submit correct phone numbers and addresses, so the application process can go as quickly as possible.
When filling out the easy online application form, you will be required to submit a few pieces of information. Your personal history, such as name, phone number, address, and social security number will be required. Employment history, such as phone numbers and such, will also be asked. Finally, you will need to give My Payday Loan your bank information, such as your checking account number and routing number. This is so the loan company can deposit the money directly into the checking account.
After you have been approved for a cash advance loan, My Payday Loan will need a payment request submitted that will tell how much payment you will be making on your due date. If you do not, the whole amount will be automatically debited from your checking account on the due date. The due dates for payday loans are typically 14 days after the loan has been given, or the date of your next paycheck. If you choose to pay off the whole loan on the due date, the finance fee charge will be waived.
Your payday loan may be paid by paying the minimum amount each payday. This means that instead of paying the whole amount, you will only pay the finance fee, and your loan will be extended to the next payday. A payday loan from My Payday Loan can be extended as long as you need to. However, a cash advance is intended to be used as a short term solution only, and not as a long term one. My Payday Loan recommends that you pay back your loan as quickly as possible.
There are three different ways that a cash advance from My Payday Loan can be repaid. The simplest is to pay the whole amount due on your due date. This will be the amount that you borrowed plus all applicable finance fees. The second is to pay off the minimum amount of the loan, which is simply the finance charge, and have your loan extended The third payment option is to pay more than the minimum balance due, but not the whole amount of the loan, and again have the loan extended until your next payday.
My Payday Loan is an online payday loan company that is simple and easy to use. My Payday Loan uses every security measure they can to ensure that their borrower's personal information and bank account information is not stolen or hacked. To apply for a cash advance today, simply visit their website at www.mypaydayloan.com
and fill out the simple application form. You'll know within minutes if you are eligible for a cash advance.