www.WireFastLoans.com

www.WireFastLoans.com

There will always be times in life when you need fast access to cash in order to cover unexpected expenses or emergencies. People who have bad credit often fear those times because of a lack of resources for fast cash. However, that fear is not necessary. In fact, payday advance loans can cover all of your temporary cash needs without the need for a credit check. This means even those with bad credit can avail the use of these quick and easy loans.
Payday Advance Qualifications - They're Easy!
In order to receive a payday advance loan, all you need are a few small pieces of information. They are:
· Proof of age (you must be at least 18)
· A valid bank account (this can be a savings or a checking account)
· Proof of citizenship (only U.S. citizens or permanent residents can qualify)
· Proof of employment (you need to have a steady job, with reliable income for 6 months)
That's all you need. Often just one or two documents can be scanned or faxed in order to meet these basic qualifications. No credit check will be performed and approval is nearly instant. Therefore, getting a payday advance can be completed, from start to finish, in under 24 hours. This includes having the money in your bank account!
Understanding the Details and What to Expect
Payday advance loans work a bit differently than traditional loans that you get at your local bank. The terms for these loans are often short - only 14-30 days. This is because, as the name implies, payday advances are used to serve as a paycheck would. Instead of waiting for your next pay period, however, you can "advance" the money through these fast and easy loans. There are some lenders who are willing to extend the terms of their payday advance loans to up to 60 or even 90 days. However, when they do so that usually means that the fees (interest) for the money will go up as well.
On that note, the amount of money that you can expect to borrow through a payday advance loan is limited. Since the idea is to repay the loan on your next payday, the amount will be less than your actual paycheck - usually anywhere from $100-$1,000. However, longer term payday loans can be given in amounts up to $5,000.
Finally, payday advance loans are charged differently than regular loans. Rather than an interest rate, you pay a fee for each $100 you borrow. This fee can be as little as $10 or as much as $30 per $100 borrowed. That is why researching different lenders is essential in getting the best deal for your situation.