Welcome to 50PaydayLoans.com! Do you need extra cash to pay bills, make a purchase, or cover unexpected expenses? We give the trusted payday loans USA information. These will help you to get a payday loan approval easily.
What is a payday loan?
A payday loan, also known as a payday advance, a cash advance or a paycheck advance, is generally a small and quick cash loan, usually between $100 and $1,500. The loan is designed to meet the borrower’s emergency financial needs until his/her next payday.
How to apply the payday loan
Simply visit a company website, fill out the online application form, and the lender should contact you via phone or e-mail within a few minutes with the Terms and Conditions of the loan. Review the Terms and Conditions carefully, paying particular attention to the loan’s rates. If you feel the rates are too high, do NOT accept the loan.
The process usually takes less than 30 minutes for approval after the lender have received all of your information.
Note : The payday loans USA approved on Monday through Thursday before 5:00 p.m. Eastern Standard Time will become available to you overnight (or the next banking day). A loan approved on Friday will be deposited in your account on the following Monday. A loan approved on a Saturday or Sunday will be deposited in your account on the following Tuesday. A deposit may be delayed or not immediately available for withdrawal by your bank so you should always verify the availability of the funds with them.
What are usually payday loan requirements for approval
- Have been at your current job for at least 3 consecutive months
- Have monthly income at lease $800-$1000
- Have a valid bank account in your name that has been open for at least 60 days
- Have a current home and work phone number
What are the payment options of the payday loans USA
1) RENEW AND PAY THE FINANCE CHARGE ONLY
The cost of a payday loan is depending on your lender and state legal ; usually between $15.00 and $30.00 per $100.00 borrowed. For example, the total cost of an 14 day loan for $100.00 would be $115.00-$130.00. Please sak your lender fee schedule for more information about payday loan fees and payment options.
The lender will only debit the finance charge on your loan due date unless you notify your lender. This will be done automatically on your due date and the funds will be debited from your checking account. Remember, you will still owe your original loan amount along with another finance charge on your following payday.
Note : You may only use this option four times. On the fifth time and each time thereafter, the lender will debit a minimum payment of $50 towards your principal loan balance plus your finance charge until the payday loan is paid in full.
2) PAY THE FINANCE CHARGE AND A PAYMENT TOWARDS YOUR LOAN AMOUNT
The lender will debit the finance charge due plus a payment towards the principle amount on your loan due date. You will still owe a new, reduced finance charge PLUS your new loan balance on your following payday.
3) PAY YOUR LOAN IN FULL
The lender will debit the full remaining loan balance PLUS the finance charge on your due date. To receive your next loan, simply contact the lender directly. Most lenders allow you to make pre-payments on your current loan. By making a pre-payment, you will lower the interest amount and total amount due on your loan. A pre-payment will pull from your bank account on the following business day in the amount you requested . If you would like to schedule a pre-payment to pull from your account please contact your customer service representatives who will be happy to assist you in making those arrangements.
Note : Most payday loan lenders in USA offer flexible term – You can pay in full at any time with no penalty.
Find Payday Loan Lender USA by State
Find all 50 states payday loans USA information for anyone who are running short of money and probably need apply for payday loans. Please click your state below to learn about the lending service of your state and find our recommend payday loan lenders.
The payday loan lender USA by state above are among the best, having been recommended by real customers who have actually employed their services with a positive and happy outcome! Applying for a loan from the payday loan lender, visit their website now.