Buy More Gifts with a Payday Loan

Christmas is behind us but that doesn’t mean the gift giving needs to stop. What’s the solution to the problem? Work longer hours at work? Complete a few extra shifts? No, the solution to the problem is to take out a payday loan.

What Exactly Is A Pay Day Loan?/b>

A pay day loan is a simple short term loan where you will have the ability to borrow up to $500 without having to fill out a stack of paperwork or go through a complicated verification procedure to get your money.

The only requirements to get a payday loan are:

1.You must have a job that pays you every two weeks.

2.You must have a valid checking account.

If you meet these two requirements the first step to getting your pay day loan is to find a copy of your most recent paycheck stub, copy of recent utility bill and copy of your recent bank statement. Once you find these documents you will need to bring them with you on your first visit to the cash advance location of your choosing.

The payday loan company will call your employer to verify that you’re still gainfully employed and they will also call your bank to verify that you’re being paid at least every two weeks via direct deposit.

Pay the Loan Back Quickly

It doesn’t matter if you’re borrowing $100 or $500, you must make the effort to pay the payday loan back quickly and not re-advance the original loan. Many people make the mistake of re-advancing their loans and it’s very easy to pay hundreds of dollars in interest and fees when they could have saved themselves the money and hassle by paying back their loans two weeks on their loans due date.

If you can’t pay back your payday loan completely on its due date you should pay back the loan a small percentage at a time. For example: if your loan is for $400, you should re-advance for only $300 instead of $400 that way you’re making progress and are moving forward towards paying off the loan.