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Filling Out The Application
Once you have necessary information, you can fill your online payday loan application out at anytime. Payday loan companies are able to process your information over secure severs 24 hours a day.
Waiting For Approval
Online payday loan applications are usually approved within a matter of minutes, but sometimes they can take up to an hour. Your loan amount will depend on your income level and your state’s laws. Usually loans will be approved for $500 although some states allow loans for up to $1000.
Just like your application, payments on your loan can be processed online. Most payday loan companies offer at least three payment options. You can choose to pay only finance fees, part of principal, or whole loan amount on your loan’s due date. Payment options can also be changed if you find yourself short during a pay period. Just remember, longer you take to pay back loan, more you will pay in finance charges.
To see a list of recommended payday loan companies online, visit this page: http://www.abcloanguide.com/paydayloans.shtml - Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans.