In these hectic times regarding the economy, falling wages, and increasing cost of living its important to have a couple of backup plans in your toolbelt. One very important tool in your toolbelt that you must be aware of is the payday loan.

Did you know that it is way easier to get a short term payday loan than trying to get a credit card or loan since there is no credit check involved.  Also if your in trouble with the law, theres no need to worry because background checks are not required with payday companies, and also note that payday loans are short term loans that are usually less than a month.

Credit Cards Bad PayDay Advance Good

Credit Checks take time and several days in fact. And when you borrow considerable amounts, as with a car or home loan, it makes sense for any loan provider to successfully arent excessive the credit score danger.Cash advance businesses deal with smaller loans, between $50 as well as $1500, so they can manage to lend to a person with a regular source of income. You don’t only not have to worry about your credit rating having a payday loan, the time spent to qualify the application is much less.

By submitting your contact and checking account information,approval for a qualified short term payday loan takes minutes..

After a quick verification of your information,the loan provider can wire your cash in a few hours so you wont have to sit around waiting until your next paycheck arrives before you receive your cash. A normal loan can take a few weeks if not longer to process so why would you ever want to go through the hassle of applying for a loan when you can have the cash now. Remember the movie Willy Wonka and the Chocolate Factor, “I want it now”, and maybe Jerry McGuire suits you, “Show me the money”.

Most applications are processed over the internet, so you can get a response even in the middle of the night. And with most lenders, you can contact a representative outside of typical business hours. Your able to determine who would be the best payday provider based on comparing who offers the lowerst rates and apr finance charges for the short term advance. Most cash advance companies will post their fees or APR on their website in the FAQ section. By checking out several lenders, you can be sure you are getting the lowest fees.No Credit AffectPayday loans stay off your credit record as long as you pay them on time. Payday loans dont have that affect, and they make sense for short-term financial emergencies.