How to get money fast via a payday loan

If you need to get money fast and without credit check, you may not have too many options open to you.
You could buy a scratch card and hope you got extraordinarily lucky or start digging up your garden looking for buried treasure. Prepare to be disappointed though!

More practically, you could also apply for a payday loans online without credit check. Unfortunately, most conventional loans are geared up to providing larger sums of money to be repaid over lengthy periods of time. You may also find that there’s a fair bit of paperwork involved and possibly delays while lenders think about whether to say yes or no.

Fast it may not be!

However, you could apply online for what’s called a payday loan. This is a relatively new idea that allows people to borrow modest amounts of money until they next get paid. So you can get a loan and repay it fast when you next have money coming in.

It’s a cash advance on your next pay day and is designed to work very simply:

  • you apply to a payday loans company
  • you key in a few facts about yourself
  • you’ll usually get a very fast decision
  • if approved, the money could be on its way to your bank account within few hours. (How long it takes to arrive in your account itself will depend upon the policies and systems of your own bank but typically it will not be more than a working day or so).

So the 24-hour loans no credit check offers you the possibility to get money fast but like all loans, it has to be repaid!

Even there though, it’s good news. When you take out these loans, the lender will agree with you the exact date (typically your next payday) that the loan plus all charges need to be repaid. They’ll confirm the exact amount and then on the day itself they’ll debit your account to recover the sums agreed. You don’t have to do anything at all!

To get money fast through a payday loan, you just have to show that you’re in permanent employment and getting a regular wage or salary. Your loan request will also need to be for an amount that is realistic when viewed against your earnings. It couldn’t be easier! Of course, as with all types of lending, reputable payday loan lender can refuse an application if they think that a cash advance loan is not right for you.

Quick guide to a fast cash payday loan

The majority of us at some point find ourselves strapped for cash during the month. This may come about for many reasons and often it is due to an unforeseen cost cropping up (such as a big vets’ bill; car repairs; an unexpected household bill). Rather than struggle on, or rely on friends or family to help you, may wish to consider a fast cash payday loan.

How does a payday loan work?

A payday loan may be a solution for you if you need cash and you need it fast for the short-term. For instance, a final reminder drops through your letterbox and needs paying immediately yet payday is some time off. You may be able to borrow the money, clear the bill and then repay the amount you borrow, with interest, when you are next paid by your employer.

Applying is easy – you can do it online and some payday loan providers do not even require you to fax any documentation through, making the whole process quick, easy and eco-friendly!

How long do I have to repay the loan?

Unlike traditional borrowing, the fast cash payday loan is typically repaid on your next payday or sometimes even the one after, whereas a traditional loan is repaid back over so many months or years.

When applying for a payday loan you will usually be asked to provide your bank account details so that the fast loan can be paid into your account and also your debit card information which allows the lender to take the money owed from your card on the agreed repayment date.

What is this type of loan suitable for?

The payday loan is suitable for any type of emergency where you simply cannot stretch your money to meet the cost. It can provide short-term financial relief. It is not a type of loan to be relied upon from month to month if you are struggling financially and indeed most reputable payday loan companies will discourage regular borrowing.

Criteria for the loan

Lenders always require that you meet certain criteria when applying for any type of credit and the fast cash payday loan is no exception. Typically, you have to be over 18 years of age; be in full time employment; and have a bank account and a debit card linked to your account.