Welcome to PaydayNow.com! Your One-Stop Source for a Payday Advance
A payday advance is meant to be a quick, easy service suited for people who are faced with financial emergencies and need money immediately. This type of loan is recommended for necessities such as utility bills, urgent house or cars repairs, college tuition, hospital bills and the like. The interest rates for a payday loan are usually higher than a regular loan, but the cost is offset by the ability to get the funds you need within 24 hours, with no credit score required.
With a traditional bank loan, you must meet stringent requirements. These criteria traditionally include a good credit rating and employment history, guarantees for secured loans, proof of income and so on. Your credit application means lots of paperwork and it can take up to two weeks or more to complete. During this time, your initial debt can increase due to penalties.
On the other hand, a payday advance is very convenient because it requires only a simple online application that can be completed from your home or workplace. Our site is available 24-hours a day and, once approved, you can have access to the money you need within 24 hours.
Definition of a Payday Loan
A payday advance is a short-term, unsecured loan for a small amount of money that is meant to fill the borrower’s immediate financial needs until they receive their next paycheck. In the U.S., the laws that refer to payday loans differ from one state to another.
The amount you can receive is between $100 and up to $1,000, and the loan period varies from two weeks to two months, according to each lender. The process for receiving a payday loan does not require a credit score. Moreover, this unsecured loan gives you fast access to the money after being approved; this is one reason why the interest rates are higher in comparison with the same loan from traditional sources such as banks or credit unions.
Your Online Application
If you need fast money to cover your immediate necessities, visit PaydayNow.com. It is important to know that our website facilitates the process between you, the borrower, and available lenders. Here, you can choose the right offer for your needs from a list of lenders with good reputations. All you need is a good Internet connection to complete your online application.
Start your application by entering the amount you wish to borrow, your name, email address and your ZIP code and you are a few steps away from receiving the money. You will also be required to provide your home address, how long you have been living there and if you own or rent, a home and a work phone number and what time of the day you can be reached for further contact. You may also be asked for information such as date of birth, social security number and driver’s license. You will also need to add proof of income or your bank account. The application is 100% secure and encrypted, so you do not have to worry about entering personal information.
Just enter these details and you are ready to submit the application for your payday advance. It should not take you more than half an hour to complete. After completion, your loan will be pre-approved by a number of lenders. You will be able to compare the fees and rates of the available lenders and choose the best deal for you. Afterwards, the contract and its subsequent details will be discussed between you and the potential lender. If you agree to the terms, the contract can be finished and you will receive the money within 24 hours or by the next working day.
It is important to mention that PaydayNow.com does not collect any fees on your behalf; you will directly pay all the fees and rates of the loan to the lender of your choice.
U.S. Laws concerning Payday Loans
Each U.S. state has its own laws regarding this type of loan. We recommend you to search and read the latest laws and regulations in your state before applying.
You should also know about The Truth in Lending Act, a federal law that is meant to have a protective role for consumers in the relation with lenders. The most important part is that the lender is required by law to give the potential borrower a written document with information concerning the total costs of the loan, its terms, rates and fees and the annual percentage rate before accepting the contract.
The Truth in Lending Act is enforced in all the U.S. states, being a federal law, but it has differences from one state to the next. The common feature is the disclosure of key information to protect the borrower from any hidden fees and, for the lender, to reduce future complaints.
The payday loan industry is regulated by law in the majority of U.S. states, while some states payday loans are considered illegal or are not feasible for lenders to provide. The strict regulations are meant to prevent excessive, unreasonable interest rates and, in some states, the concept of interest limits is present. This refers to the limitation of interest rates that are calculated by the annual percentage rate or APR.
A payday advance is a useful tool if you need fast money to cover immediate necessities. There is no credit score requirement, the application can be submitted online, and it usually takes little time to complete. There are minimal requirements and you benefit from a fast online approval. The best thing is that you do not have to travel from one lender’s office to another to find the best offer; you can compare the terms of the available lenders and select the one with the smallest fees without leaving your home. All you need is an Internet connection to PaydayNow.com and submit a 100% secure application. Then select the lender you find most suited, finish the contract and the money will be available in your bank account within 24 hours. The necessary paperwork for a payday advance is minimal; you might need a proof of income or of your bank account, and you are done.