EZ Money : The Online Payday Loan Resource For The US & Canada

General Payday Loan Information:

Payday Advance Loans, also known as Payday Loans or Cash Advance Loans; provide cash advances on demand. These are short-term loans, that can range anywhere from $100 to $1,000. These advances are often used to help with any financial matters that may need to be taken care of quickly, when the needed funds are not available.

Some Things to Consider Before Applying:

Payday loans are typically meant for employed individuals. This can vary to a degree, but inidivudals who are not employed, and receiving unemployment benefits will most likely not be able to be approved. An individual should be employed for at least 6 months prior to receiving a payday loan.

Individuals in the military will not be approved for payday loans. For more information regarding the reason, click here.

In order to apply for a payday advance loan, the individual should have a bank account, preferably a checking account, with direct deposit (so they can receive the cash).

Accurate information needs to be provided on the payday loan application.

Individuals who are in default on another payday advance loan, or in the process of getting a second payday advance loan through another lender, will probably not be approved.

Individuals who are paid every other week, typically have the highest chance of being approved. However, individuals who are paid weekly or monthly may also apply.

Some states (in the US) and provinces (in Canada) have specific laws governing payday loans, and may not allow individuals in those states to apply. So, be sure to make sure your state allows payday advance loans.

Additional Information :

Payday loans are meant for short-term use; meaning, you can rely of them to help you out in a financial emergency; but they are not meant to be used on any long-term basis.

Before agreeing to any payday advance loan, be sure to carefully read all the terms and conditions, and understand the finance charges, and timeframes involved.

Payday loans must be repaid in a timely fashion, typically within the first few paydays after the loan is taken out. The timeframe can be extended, but like other financial loans, the finance charges for such extension need to be paid. It is not a good idea to request a loan for a larger sum of money than you can repay as soon as reasonbly possible.

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