In applying for a payday advance, you will generally supply loan company with your name, address, phone number, employment and checking account information. There is no credit check. You can qualify for a payday advance up to $1000 dollars or more that is to be repaid when you receive your next paycheck or over your next two to three pay periods. Payday advance companies may require you to receive your paycheck through direct deposit, but some allow you to qualify for a payday advance even if you receive a paper check from your employer that you deposit into your checking account.

If you have poor credit, you will pay a higher rate of interest than those with good credit. The amount of your down payment will also affect interest rate you receive. The larger down payment, lower interest rate. A small down payment will mean you pay more interest and your payments will be higher. You can get either a variable interest rate that changes over length of your mortgage, or a fixed rate that never changes. Do not hesitate to ask questions of your lender and make certain you clearly understand terms offered to you.