Electronically Deposited Money

Once your cash advance has been approved, your money will be electronically deposited to your checking account overnight. You don’t have to wait for a check to process or take a trip to your bank. Most loans are approved for between $500 and $1000.

Convenient Payment Options

Payments are also handled online. By default most cash advance companies will debit your finance charges from your checking account each due date. However, you can also arrange to have part or all of your loan’s principal paid. You don’t have to worry about mailing in loan payments since it is processed electronically.

Additional Information

Reputable payday loan companies will answer your questions through their website or by through a company representative. Basic information such as rates and payment options typically can be found on a FAQs or similar page. For more detailed information, you can contact these companies through email, fax, or phone.

Compare Financing

Lenders don’t charge same rate, so it is best to compare rates and terms. Fees are one of hidden costs of loans, so be sure to add them into total price of loan when comparing prices.

Mortgage websites make comparison shopping easy by sending your request out to several lending companies for bids. You no longer have to rely on local lending companies for offers. With internet, sub prime lenders have become more competitive as they vie for loans.

Read The Terms

Once you find a competitive financing offer, print off a copy of terms and read them carefully. Look for terms that charge a high late fee or several points up front. People with a bad credit history will pay higher fees, but they should not be excessive.

Lock In Rates

After you have done your comparison shopping, lock in rate by completing your loan application. Most mortgage lenders can complete process online, and send out a final copy of paperwork for your approval and signature.