One Hour Bad Credit Payday Loan – Cash and Check Advance Money Today
Posted on | February 24, 2010 | No Comments
If you are looking for a cash or check advance today than you might want to do research on a one hour bad credit payday loan. This loan type will allow you to borrow up to $1500 in less than one hour with no credit check. It is important to understand you will pay for this loan in the form of fees.
Unlike most loan types payday loans require you to pay the money up front with a post dated check. The date on the check is usually the day you are expected to receive your next paycheck. The amount of money that you will write the check for is the money you are going to borrow plus fees.
Fees are usually regulated at the state level and the maximum amount of fees that can be charged by most lenders is between $15 and $35 for every $100 borrowed. This may not seem like a significant amount of money but it can add up very quickly if you have borrowed several hundred dollars.
It is also important to note these fees will reset every time you receive a paycheck and do not pay the loan off in full. You will have to return to the payday lender and write another post dated check with the amount of money you borrowed, the original fees, and even more feeds.
Author: Alan Lake
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