Thursday, May 24, 2007

Loans Up to $1500 in less than an Hour

Get payday loans up to $1500 with no faxing, no fees and no credit check. Cash to your bank account in under 24 hours! No faxing means you can get payday loans from the comfort of your home. Get the money you need right here, right now!

Payday Loans are unsecured, short term, usually small loans, offered with terms which can be compared to those of street loan sharks. They are dispersed by check cashers and small finance companies with astonishingly high interest rates and carry excessive fees. Payday Loans are also called cash advance loans or check advance loans.

Payday Loans are for up to 14 days. In order to get a loan one must have a stub as proof of employment, a checking account and often a verifiable address and a phone number. You write a check to a company extending credit to you, and the company will cash it on your next payday. The cost of a loan is between 15 to 30 percent, sometimes even higher, which translates annually into paying hundreds if not thousands of percent in interest. In addition to extremely high interest rates, cash loans often carry very high loans origination fees. They are also easily extendable for the next fourteen day period, with a charge of the fees mentioned above.

In the age of electronic fund transfers and online banking, more lenders are offering payday loans online. You usually have to fax paperwork to the company, and, if approved for a Payday Loans, the money is wired (additional cash wire fee) to your account within 24 hours.