Did you know that there are actually several types of payday loans payday advance loans It’s true. People know them by their different names such as payday advance loans, paycheck advance, payday cash advance and cash loans, just to name a few. Payday loans are not really big loans; you can borrow from $100 to about $2,000.
Here’s some information on the various types of payday loans available today:
Low-Fee Payday Loan
This kind of payday loan offers very low finance charges starting at $10. With other payday loans, the finance charge can be as high as $20 per $100.
One-Hour Payday Loan
This is the fastest type of loan, with processing and approval taking only one hour.
Bad Credit Payday Loan
This would be applicable to those who do not have a good credit rating. They do charger a much higher interest and finance charges.
Online Payday Loan
This kind of payday loan cash advance loans direct can be availed on the internet. Payment and processing are done via their websites.
Military Payday Loan
This would be for military personnel. They will be asked to submit proof that they are in fact serving the US Military.
24-Hour Payday Loan
This would refer to the type of payday loan that takes 24hours to process.
No Fax Payday Loan
The documents they need would only be sent via email or application form. You can send them by scanning or taking screen shots.
You can avail of any of these payday loans online cash advance depending on your status and needs. If you need money very urgently, you can use the 1-hour payday loan; if you have bad credit history, you can use the one more apt for that, and so on.
