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payday loan simple3 .pdf

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How to Get Payday Loans Online
A payday loan simple is a short-term, small amount loan that the borrower agrees to pay back
upon receiving his next pay check. Consumers can normally apply online in the privacy and
comfort of their own home.
Fill out an online application once you've selected an online company. These are normally very
short forms. Generally, you must be at least 18 years or older, have a steady source of income
and a bank account with direct deposit. You may also need an active home phone number in
your name.
Make sure that you don't have any outstanding payday loans. Bounced checks or excessive
overdraft fees may disqualify you from obtaining a payday loan depending on the company.
Read the contract thoroughly before signing it. It should specify the loan fee and annual
percentage rate (APR). The length of the loan should be clearly stated, and the total amount of
the loan should be in U.S. dollars as well as written out.
Ensure that the agreement shows the due date and your options should you not be able to
repay the full amount within the specified period. Depending on the state you reside in, you
may be able to refinance the loan, which could result in additional fees.
Verify that you don't need to fax any documents after filling out the online application. In order
to get a payday loan, some companies require consumers to fax a signed copy of the
Expect to have the funds direct deposited into your checking account the next business day.
Most payday companies deposit the funds within 24 hours after approving the application.
Payday loans are increasingly popular in America. Seemingly overnight these creditors have
sprung up in storefronts and on the Internet. These lenders give loans to anyone with proof of
an income, sometimes with a specific percentage going directly to the company. However,
some offer onetime deals to new customers for a free payday loan.
Find a free payday loan offer. This can be as simple as driving down the street and looking for a
loan storefront with a sign advertising free loans. You can also search online for such deals by
typing the words "free," "Payday" and "Loan" into a search engine. Most likely several
companies will show up. See Resources below. Sign up as a new customer. Traditionally, free
loans are only offered to new customers. This will require you to submit many things such as
your bank account number, social security number, birth date, address and full name.
Read the fine print on the contract. While payday loans can be a lifesaver for many people, they
are equally reviled for their fine print. Payday loans are not in the business of helping you out,

they exist to make money. They make money based on interest and penalties for default. Read
the fine print.
Apply for the loan and wait for your credit check. The lender will determine your ability to
repay, and if your credit history checks out you'll get a check on the spot, or the lender will
deposit the loan amount into your bank account. Both online and brick-and-mortar loan stores
work the same way.

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