Same Day Payday Loans – Bad Credit and No Credit Check Cash Advance Loans
Posted on | March 30, 2010 | No Comments
If you are seeking a bad credit or no credit check cash advance loan then you may want to consider a same day payday loan. This loan type will often allow you to borrow up to $1500 in under one hour. There are many payday lenders that can have case in your hand within an hour of qualify for this loan type.
Before you decide that a same day payday loan is right for you it is very important to step back and understand how this process works. With a bad credit payday loan you are going to have to pay for your cash advance up front in the form of a post dated check. The date on the check will be for the next day you are expected to get paid.
You will also have to pay for fees on top of the amount you want to borrow. Fees usually range from $15 to $35 for every $100 that is borrowed. If you are a new customer you may find that some payday lenders will offer you fees under $10 for every $100 borrowed. It would be wise to call around and see what the best rate is.
If you have any concerns that you can pay this loan off with your next paycheck then you should consider other loan types. If you cannot fulfill your commitment to the post dated check you will have to return to the payday lender and pay even more in fees.
Author: Jeremy North
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