People who've been rejected for credit urgently want to get approval for a same day cash loan. Direct lenders are prepared to provide you with fast cash today, even if you have a really bad credit history. Here are some hints, tips and advice to get your application for a payday cash advance loan approved today.
How to get cash loans until payday
It doesn't matter if your application for a bank loan has been rejected because payday lenders use a totally different set of eligibility criteria. Their objective isn't to ascertain your creditworthiness, it's to establish your identity and ensure that you're in a position to afford to make repayment on the due date. Full-time work If you need a fast cash loan, you'll need to have a full-time job. It doesn't matter if you aren't in a permanent contract or are still in your probationary period, you just need to prove that you're earning a full-time income. You'll be expected to prove your earnings by providing the lender with a copy of your pay check. Proof of identity The risk of fraud means that you're expected to provide identification. You'll need two forms of I.D., one of which must be photo identification. Acceptable forms of I.D. include your driving licence, passport, bank statements and utility bills. This enables the lender to verify who you are before providing a payday loan yes decision. Checking account in your name You cannot receive payment in cash so you must have a bank account in your own name. Online cash advances cannot be made to a third-party account. If you don't have your own checking account, you'll need to open one before making an application. Over 18 years old Unless you're over the age of 18, your application won't be successful. Citizenship You must be a citizen of the country where your applicaton is being made. For example, a UK citizen won't get approval for a $500 payday loan in America. Submit the application in your own country.
How much will a $1000 cash loan cost you?
Cost of borrowing Given that you've been declined for credit by your bank, it's reasonable to assume that you constitute a high risk customer. Not surprisingly, the rate of interest that you'll pay reflects the likelihood of you defaulting on the terms of the agreement. Although you should check the rates offers by different lenders, you'll find that fast credit will cost you 25% per month. Default Payday lenders use their own eligibility system, but default does have consequences. Not only will interest and charges continue to accrue, you'll also be pursued by collection agencies for repayment. Don't bury your head in the sand, talk to the lender if you've fallen upon hard times.