Fast cash online paycheck advance bad credit payday loans refer to the cash advance that you can borrow when you need money immediately. There are many situations when you require cash insurance for car, shopping when the school reopens, medical expenses and any utility bill. It is a comparatively cheaper option of getting quick cash. Moreover, the finance charges depend on the amount you borrow.
Payday paycheck loan usually involves small amount of money from as little as £100 to maximum £1000 or even more. The interest charge is reasonably higher than credit card. For a £100 loan you will expect to pay £115-£120 in two weeks.
Quick Approval:
The biggest advantage of fast cash online paycheck advance bad credit payday loans is that you do not have to wait for a long time for getting approval. Usually, lenders sanction this kind of loan within hours of receiving the application. In some cases you may get approval even within thirty minutes. The reason for this speedy approval is that lenders do not bother about checking your credit history.
As payday paycheck loan is borrowed for very short period most of the lenders do not ask you to fax any documents for verification of facts. It saves you from the frustration of gathering the required papers and going to the nearby fax shop at a time when you are already in trouble.
Let us take an example. You have to make payment for insurance of your vehicle and your pocket is empty. Instead of getting caught uninsured, it is better to apply for a payday paycheck loan. Otherwise, it could be expensive. Similarly, if your car troubles you then you can get it repaired immediately so you do not have to miss work.
Simple Process:
The process of availing payday paycheck loan is not very difficult. You need to submit your personal information, details of your bank account and proof of employment. You should have completed the age of 18 years at the time of applying for fast cash online paycheck advance bad credit payday loans.
Most of the companies also require that you should earn a minimum amount every month. There are some limitations on how much money you can borrow too. Your salary determines the amount of money you could be eligible for.