Now you can apply for easy cash loans and get quick money until payday to resolve your temporary financial problems. The loans are easy to get considering minimum requirements that you have to fulfill. Basically, you simply need to confirm that you have a full-time employment, a regular salary, and a bank account. Having a bad credit does not really matter as the loans require no credit checks.
Easy cash loans are classified as forms of payday loans. The loans are secured against your next pay. The loan amounts are usually between $100 and $1000 or more, depending on the lender and your salary capacity. You have between two and four weeks to repay the loan, even though partial repayment or extension is always possible.
To qualify for payday loans, you have to be an adult U.S. citizen earning a minimum of $1000 per month. Your job has to be at least 3-6 month old and you need to have a consistent bank balance. You have no need to wait for paper work approval as all verification is done over the internet. There is no need of even faxing important documents; just a proof of your employment details and an electronic authorization to withdraw from your account is required.
If you have a poor credit history, don't fret as the companies seldom check previous records. The loan amount is based on either your salary or your bank account statement. A cash advance of $1000 can be taken at one go. For this all you do is fill up a form, pass the minimum qualification and wait for a few hours to receive the approval.
The cash is deposited by the lender into the borrower's account. To repay, you can either give a post dated check to be cashed after your payday or you can authorize the company to directly withdraw from your account after your payday. The company charges an interest fee along with the loan amount which it adds. The rate of interest is about 15%, which is reasonably high compared to other traditional financial institutes like credit cards or bank loans. However, some companies waive the interest for the first time borrower if you pay back within the due date.
When money comes so easy, it is natural to get tempted to spend it even for casual reasons. Browse around and only choose a lender that offers you best interest rate with minimum extra fees. You should only borrow at a substantial amount that you can repay.
