Pay day loan interest rates vary from company to company. Some lenders offer discount rates for new or returning customers. After supplying pay day loan company with required information, usually your name, address, employment and banking information, you can be approved in as little as one hour and funds can often be in your checking account very same day. Occasionally you may be required to fax your last pay check stub and bank statement prior to approval, but funds can still be deposited into your checking account very quickly.

Bad credit should not stop you from applying for a pay day loan. There will be no credit check, only verification of information you supply. Pay day loan companies do not check your credit report or contact your employer, except as necessary to verify employment. Applying and getting approved is quick and convenient. Online lenders can approve you application quickly and you'll have cash you need as soon as very day you are approved.

Apply Online

Once you have compared companies and found best lender for you, you can finish process by applying online with subprime lender. Mortgage lenders will process your information and send out paperwork for your final approval and signature. The whole process can take a matter of days.

Read Your Paperwork

Whether you are refinancing or buying a home, make sure you know what type of deal you are getting into by reading paperwork subprime lender sends. If you have any questions, you can contact lending company by email or phone. You can also take paperwork to a lawyer to get their opinion. You should be comfortable with all terms before you sign.