If you are between paychecks and in a bind for cash, there are ways you can make it quickly. This will allow you to get by until your get your next paycheck. One great way to get quick cash is by getting a payday loan.

What a Payday Loan Is

A payday loan is a short-term loan, and typically has high interest. You may be able to get up to a few hundred dollars for your loan.  Much of this depends on your current wages. If you decide to get a payday loan, you will need to find a payday lender like #1 Cash Stop.  

Filling Out the Application

The application you fill out is not like a standard loan application. They will need your contact information, employment information, and checking account information.  They may also ask you to put down some references, such as your friends and family. They will call these references, so make sure you put down people you know will give them good feedback.

How the Payday Loan Works

The loan lender will verify your employment, but they will more than likely not check your credit score. Because of this, if you have bad credit you should not hesitate to visit a lender.

Once you are approved for the loan, you write a check for the same amount you are going to borrow from them, agreeing to pay the loan in full by a certain date. Finance charges will be added to this loan, so make sure you know what the total of these charges will be.

The lender will either give you a check, cash, or deposit the money into your account.

They will hold the check that you gave them for a certain amount of time, such as for two weeks. When the loan payment is due, the lender will debit the checking account or cash the check.

If you do not have the money in your account to pay back the loan, you will have an option to roll it over into another term. Make sure you visit the office before the payment is due so you do not bounce a check, and have to pay fees to your bank.

These applications are very quick, and in most cases, you will be out the door within an hour.

If you find yourself in need of cash to put gas in your car, purchase groceries, etc., a payday loan can work for you.