Short Term Payday Loans - Use One Online To Get Cash Quick

Written by Carrie Reeder

Short term payday loans are now available online. After filling out your application online, you can have an emergency loan deposited into your checking accountrepparttar next day. You donít have to stand in line, fax information, or even have good credit. Online payday loans offer convenient cash advances for those unexpected expenses.

How It Works

Payday loans are short term cash advances designed to get you through torepparttar 147314 next payday. You fill out an application providing information about yourself and your income online for instant approval. Once approved, a cash advance is deposited into your checking accountrepparttar 147315 following day. The loan company will debit payment from your checking account on your next payday.

You can handlerepparttar 147316 entire process online or you can speak with a payday loan representative. Reputable payday loan companies list their loan rates online and have representatives you can call. They will also keep your information confidential.

Payment Options

Most payday loan companies offer three payment options. You can pay onlyrepparttar 147317 finance charges for up to four due dates. Another option includes making a series of payments that include finance charges and principal payments, spreading outrepparttar 147318 time to pay backrepparttar 147319 loan. You may also pay offrepparttar 147320 entire amount ofrepparttar 147321 loan. The sooner you pay backrepparttar 147322 loan,repparttar 147323 less finance fees you will have to pay.

Your Rights Under The Equal Credit Opportunity Act

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It wasnít all that long ago that lenders blatantly discriminated when it came to approving credit for women and minority groups. Women were actually asked personal and demeaning questions like, how many children do you plan to have inrepparttar future or are you on birth control?

Despiterepparttar 147261 fact that they were enteringrepparttar 147262 workforce in record numbers, single women were often required to get a cosigner or denied credit altogether. Members of minority groups were denied credit as well, even though they were fully qualified.

Today thanks torepparttar 147263 Equal Credit Opportunity Act, millions of consumers from all walks of life are given and equal chance to obtain and use credit to finance educations, buy or remodel homes or get small business loans.

The Equal Credit Opportunity Act, which was passed by congress in 1973 first banned discrimination in credit access onrepparttar 147264 basis of sex or marital status and was later amended to include race, religion, national origin and age. Of course, this doesnít mean all consumers who apply for credit get it. Factors such as income, expenses, debt and credit history are considerations for credit worthiness.

Butrepparttar 147265 law protects you when you deal with any creditor who regularly extends credit, including banks, small loan and finance companies, retail and department stores, credit card companies, and credit unions. Anyone involved in granting credit, such as real estate brokers who arrange financing, is covered byrepparttar 147266 law. Businesses applying for credit also are protected byrepparttar 147267 law.

When You Apply For Credit, A Creditor May Not.

Discourage you from applying for credit because of your sex, marital status, age, race, national origin, or because you receive public assistance income.

Ask you to reveal your sex, race, national origin, or religion. A creditor may ask you to voluntarily disclose this information, except for religion if youíre applying for a real estate loan. This information helps federal agencies enforce anti discrimination laws. You may be asked about your residence or immigration status.

Ask if youíre widowed or divorced. When permitted to ask marital status, a creditor may only userepparttar 147268 terms: married, unmarried, or separated.

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