Same Day Payday Advances Online

Did you know that some lenders offer same day payday advances online? Make no mistake about it, payday advances are expensive but they are convenient. When you have that cash emergency that requires fast cash, a payday advance could be the answer. Despite the cost, a borrower could apply and have the cash they need in their bank account the same day. NOT all lenders offer same day cash but the worst possible scenario is the next business day your loan can be funded. Additionally, filling out the application takes less than three minutes and approval is in less than 90 seconds. Same day payday advances are fast, reliable, and convenient without the red tape of a conventional bank loan.

Never a traditional credit check

Borrowers never need to worry about a credit check. Payday advance lenders don’t run credit checks like the ones we are accustomed to. They never report to, nor check with, the major credit bureaus like Experian, Equifax, or Transunion. Nevertheless, they do make what payday advance lenders call a “soft credit check”. In a nutshell, a soft credit check will provide lenders with valuable information so they can make an intelligent decision in a few short seconds.

Payday advance lenders make it following checks:

• Verify your identity
• Payday advance history
• Any history of default
• Military status
• Employment history
• Minor banking information
• Direct deposit...and more

Same day payday advances online run 8 to 31 days depending on the lender. All payday advance lenders require that your loan is paid back on your pay date. If your payday is less than 8 days away, they will extend it to the next pay cycle. Some borrowers get paid once a month; in that case, your loan will be paid on your pay date never to exceed 31 days.

Same day Payday Advances and Installment Loans

Lending Leaves provide the borrower with two types of loans. First, we search through our network of hundreds of lenders to find an installment loan lender for you. Your installment loan will allow you to make payments, while at the same time, pay down your loan. The borrower can pay off their loan at any time without any penalties. Rates are the same but you have some flexibility.  Second, Lending Leaves continues the search for a payday advance lender because getting you back on track is our number one priority. Either way, we do our best to get you the cash you need and the service you deserve. Lending Leaves believes that if we can’t find you a lender - no one can.

Same day Payday Advances Online Are Expensive

Regardless of the many benefits, seek out every option to get the cash you need before borrowing. Try asking family, friends or even an employer. It’s important to realize that these type of loans are convenient, albeit they are expensive. For example, on a $300 loan, you could be charged a fee of $45 to $75 dollars depending on your state and your payday advance lender. The sole purpose of these small microloans is to meet a short-term cash emergency without putting the borrower further behind. It’s a good idea to evaluate all the pros and cons before diving in.

PROS

• Fast cash same day or overnight
• Convenient apply from home or office
• Application takes less than 3 minutes to complete
• Approval in less than a minute and a half
• No red tape like a conventional loan
• No traditional credit check

CONS

• Expensive - could have rates from $15 to $25 per $100
• Very short time to pay back
• Could put you behind further, if not careful

Take time to evaluate your financial situation carefully. Borrow wisely and only what you need. Borrow only when you're in a cash crunch and never for pleasure such as gifts or vacations. Same day payday advances online can be an effective tool when used wisely.

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