Payday Loans – No Credit Check No Fuss Loans

Payday loans are the fastest and most convenient option for getting a cash advance for emergencies before your next payday. However getting payday loans and their repayments involve certain important aspects. Herein we are attempting to answer all your general queries related to Payday loans and we hope it will serve as a tool to open up any mystery surrounding payday loans or cash advance.

What Is A Payday Loan Or Cash Advance Loan?

We daily come across many loan types like housing loan, personal loan, and education loan. However, the payday loans are a new buzz in the market, and it is very popular. This loan is known by many names like “Cash Advance”, “Paycheck loan”, “Check loans”, and “Payday advance loans”. Let us understand what is a payday loan or cash advance loan and how and when it should be used for your maximum advantage. Payday loans are unsecured loans, which can be used for meeting your emergency financial needs and is paid back out of your next paycheck on your payday. Thus, payday loans are the shortest tenure loans among the other loans available in the market.

Are there any limitations on payday loan or cash advance loan usage?

Many a times we face a situation when we need money badly but feel like our hands are tied as our payday is still several days away. In such a scenario, we either have to shelve or defer our plan of purchasing something or go for a heavy interest credit card loan to meet the obligation. The requirement could be to pay up unexpected medical bills, your kid’s school fee, to avoid bouncing of your issued checks or any other financial obligation. In such trying times, payday loans or a cash advance comes in handy. Thus, you can use this cash advance for whatever purpose. There is no restriction on the usage of payday loans.

Am I eligible to receive a payday loan or cash advance loan?

The best thing about payday loans is that they can be had even if your credit rating is not very good. The second best thing about payday loans is that taking a cash advance does not affect your credit rating. All you need to be eligible to receive the payday loans is to have a running checking account and a regular job.

How should I apply for a payday loan?

To apply for the payday loans, we would say it is easier to do than to say. You can apply for payday loans online using Internet. You may be required to supply some basic information such as your Name, Address, and your employer details. Some companies offering payday loans may ask for your Bank Statement or pay stub over fax. The documents required by these companies for payday loans are minimum in comparison to other types of loans.

What is the fee charged for payday loans?

Before applying for payday loans, we suggest that you scan 5-6 companies for the fees they are charging. Some companies offer payday loans without any fee for the first week.

How much cash can I get with a payday loan?

The amount of payday loans ranges from $100 to $1000 depending upon the repaying capacity of the borrower.

What is the length of payday loans?

Normally a cash advance is supposed to be paid back on or before your coming payday. Therefore, the maximum length of payday loan could be up to 30 days. However, some companies are flexible with respect to the loan duration as well. Payday loans can be extended until the next payday. This extension of payday loans however comes at a price.

How long does it take to get a payday loan?

Payday loans are much easier to get and in less time than other loans. After applying for a payday loan online, you will get a telephone call from the payday lender. After completing the small formalities, the cash advance will be credited to your checking account the next business day.

Does this mean I can enjoy my pay without waiting for my payday?

Before you jump for a payday loan, please note that the rate of interest charged for these loans are higher than other loans. Extending the duration of payment will only increase the fees charged. The payday loans or cash advance loan should be used very prudently and only for meeting financial exigencies that cannot be avoided. Please remember that getting a payday loan or cash advance loan too frequently could upset your monthly budget and you may find it difficult to get out.

Bannerbit Review

Every now and then a investment system comes out that truly has the power to change people’s lives.

BannerBit Software has many special features, a superb computer algorithm and it seems to actually work.

Such systems do not just appear randomly. Instead, they are the product of many years of hard work, experience and extensive development.

BannerBit is advertising marketplace that provides marketers with a fun, exciting and potentially lucrative way to participate in the online advertising ecosystem.

Working with leading publishers and performance-based marketers, BannerBit has created a way for banner ownership to be traded between BannerBit users in real-time through an intuitive user interface.

Once a marketer purchases a banner placement, he or she will generate revenue from each and every click that the banner receives.

The marketer can then put the banner placement up for sale, setting a reserve price and a countdown timer. Once the countdown timer runs out, the banner will be awarded to the highest bidder, who can then go on to earn revenue for every click the banner generates.

BannerBit also provides ‘short-selling’ functionality that enables marketers to profit from declining banner prices.

BannerBit given grounds for success to many members of the online investment community.

Using The System

All you have to do in order to get free access to this system is to create and account, place initial deposit and start making money on autopilot mode.

In addition, we were able to come across information that the BannerBit technology is the main reason why this investment solution is preferred over other profit increasing systems.

No Download Required

BannerBit system does not require any downloading or installing process. Furthermore, it is responsive to almost every operating system, such as: Windows, MAC, iOS and Android. You will only have to create your account in order to start.

Get Started In 3 Steps

Starting with the BannerBit software is actually a 3-step procedure that takes just a few minutes. You only have to fill in the provided form on bannerbit.com website, select a recommended banner and place your deposit.

The needed amount is only $250. However, you should be aware of the fact that the more funds you decide to invest, the more profits you are likely to win.

Returns

Our investigation brought us incredibly high results as we managed to verify its winning rate of 92%. And this is amazing and really unmet achievement.
Therefore, we are happy to announce that the BannerBit is one of the best systems released on the market.

Cost

Flipping banners with BannerBit software is 100% free and online investors won’t be required to pay anything in order to take advantage of this unique platform.
You can be sure that there are no hidden taxes, delayed payments or some additional costs.

Is BannerBit a Scam?

According to the results we managed to accumulate during our thorough investigation, we have to say that there the BannerBit software being a scam is just not an option.

All the users are satisfied with the results they get on regular basis. In addition, almost all the other reviews on the system and its performance are positive.
You should stop hesitating anymore and join this exceptional income-generating system.

Withdrawals

Our investigation has shown that there have been no reported problems with the withdrawal procedure. It does take between 3 and 5 business days, but the monetary amounts get transferred to one’s bank account safe and sound.

Testimonial

The truth is that I was really skeptical the first time I heard of the BannerBit. Still, I decided to watch the whole promo video at the landing page of the system.
I finally made up my mind and created account in the software by depositing just $250. The first results came so fast that I couldn’t believe it.
I managed to earn over $3,000 for less than 24 hours. I was really shocked!
I really recommend this amazing system, it just really works!
David, 41

Conclusion

Our final verdict is going to be 100% positive as we confirm that this system is highly reliable and trustworthy.

To sum it up, we consider our BannerBit review finished as the system is really proven to be legit, reliable and trustworthy. You can safely proceed to invest with it.

Pocket Money USA – Quick Loans

Don’t worry. With Pocket Money USA you will always have a real friend that will give you instant cash loans with amazing terms. The app excludes the awkward situations of asking money from your friends or family and instead enables short term payday loans online. Get quick cash in a matter of hours from the comfort of your home.

EASY & WITH GREAT TERMS

With the first loan up to $500 at 0% signed for a period of 30 days, be sure that our no credit check loans are a great option that you’ll want to use frequently. Everything is easily accessible and done online with our neat and intuitive app!

FAST ISSUING OF LOANS

We know that sometimes you need the money fast on your account. Gives us a few hours, it’s all we need to issue a quick cash loan and give you the money. We hate complicated things, we are all for making things handy and functional, and that resembles through our payday loans no credit check policy.

HIGH APPROVAL RATE, NO DOCUMENTS

With 90%+ approval rate and online application for easy instant payday loans, we are sure you will have a stress-free and easy experience. We don’t need your documents, credit history, nor we do credit score check. We just need your name and basic info to get you the needed no credit check loans.

POCKET MONEY USA FEATURES:

– First loan up to $ 500 at 0% signed for a period of 30 days
– No documents sent by mail. All applications are accepted online
– 90-95% of approved applications
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– Light & intuitive
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Use Pocket Money USA same day loans whenever you need some quick loan.
It’s easy, convenient and highly reliable.
Get the app for free, and apply for an online payday loan today!

Payday Loans – Get no Hassle Fast Payday Loans to Answer Your Financial Crisis

If you find yourself in a financial crisis and are short of ready cash to pay for your monthly utility bills, car repairs, medical bills, your child’s school fees, credit card dues, and there is no other way out, in that case, submit an application for fast payday loans and divest yourself of any financial condition without any hassles and get the ready money right away. Of course, at present it is achievable through fast payday loans. In fact, there are a few aspects that make it more popular in USA such as, there is no credit check so even people with bad credit can apply confidently and get approved for such loans. You do not have to pledge any collateral, no documents to fax in and unnecessary formalities to run after, faster approval, cash transferred directly to your checking account within 24 hours of application so that you can attend your urgencies fast. These aspects are sufficient to make this type of finance popular and widespread and a motivation to apply for. Even people with bad credit are welcome to get the same services just like others get without any dithering. An individual with a previous bad credit record of debts, defaults, insolvency, delayed payments, missed payments, foreclosures, outstanding amounts, liquidation, etc. can as well avail such loans since you just have to prove your ability to pay back the said amount which in most cases is your paycheck. You can get approved by submitting an online loan application form. It is the most excellent and easy way to get the necessary cash without any uncertainties. Your loan amount is approved within minutes of application with no formalities to run after. Once approved lender directly transfers the loan amount to your checking account within 24-hours. Fast payday loans are easily accessible in the finance market. With a few necessary details the approval turns out to be quick and prompt without any hindrance. The amount that an individual can apply for varies from, $100 to $1500 with the settlement tenure of 7 to 21 days. There are a few eligibility criteria to be met, you should be US citizen, having a secured job with steady income of $1000 and above, and should have an active checking account. In addition, the settlement terms are flexible and easy. Lending rates are high given that there is no security involved which makes this kind of credit risky for the lenders on the other hand it is completely risk free for the borrower. Fast payday loans are unsecured loans; as a result, it needs no security or collateral to secure such loans. This is a short-term loan with a very small loan amount and has to be settled up in time to keep away from the late fees. On the other hand, there is the provision for extension of such loans. The amount can be used for several reasons home improvement, settling credit card dues, paying school/college fees of your child, vacation, car repairs, hospital bills, marriage ceremony, and so on. These loans are best option when you are in need of cash and your payday is still a few days away.

Payday Loans – Online Fast Payday Loans Are Cheaper Than Various Fees Charged by Banks

Ever since the economy has grown multifaceted with time, people have had to depend increasingly on financial institutions for cash management. The trouble is that banks are not impartial or neutral moderators instead are business firms together with an inherent concern in how people deal with cash. For that reason, while banks recommend individuals must avoid payday loans, you should, ignore it. In any case, how do online payday loans be blamed for what happens if you overdraw on a bank account or your credit card both issued by so called honest banks. Online fast payday loans are issued by online payday loan lenders to people for a very short tenure of 7 to 21 days. The usual charges for a short-term payday loan are $10 to $30 per $100 over the loan term. Usually, these loans are frequently obtained to deal with an impetuous, urgent cost that arises during the middle of the month when your paycheck is still days away when the loan is repaid promptly, the charges are flat and predetermined. Consider this, if an individual writes a check and there isn’t as much as necessary cash in the account to clear it, the bank will enforce a late fee which usually is around $30 to $40 in most cases. In practice, at this instant, taking out $250 from an online payday loans is nevertheless economical. In the similar fashion, several banks charge recurring fees for an overdraft that is not paid back in a set period of time often 5 days. The charges are again extremely high and you can expect to be end up paying more than $80 to $90 in bank overdraft charges. The above amount is enough to cover $500 payday loan, which is normally the maximum limit in the majority of states. Now consider this if a credit card is used to pay the bill and is accepted, however the card exceeds the limit and is overdrawn, the fee situation can as well be quite bad. Usually, a credit card late fee is again around $30 to $40 dollars. The outcome of an over limit fee on a credit card can be a great deal more as crossing the card limit can raise the interest rate for the entire amount overdue. If this amount is not settled, an additional $30 to $40 fee can be charged every month until it is settled, which can increase growingly to several hundred dollars in over limit charges alone. To be fair enough, online payday loans might look as if to be expensive, on the other hand can be of assistance to a individual to get around from the horrendous of sickeningly expensive inadequate balance amount, credit cards late charges or check bouncing charges together with the additional over limit charges from the so called honest banks and credit card companies. As we have seen in this article online payday loans are not as bad as they are publicized and given a chance even up market and so called honest banks try to fleece the customers with their very high late fees, over limit fees, check bouncing fees in case of a default from a customer. So, if you use payday loan appropriately you won’t find a payday loan in anyway expensive.

The Easy Payday Loan – Why Payday Loans Are Easier To Get Than Credit Cards Or Personal Loans

Payday loans are easier to get than credit cards or personal loans since there is no credit check involved. And because payday loans are meant for a short period, usually 30 days or less, payday companies don’t require an extensive background check. No Credit Checks Credit checks take time – several days in fact. And when you borrow large amounts, like with a car or home loan, it makes sense for a lender to make sure you aren’t too high a credit risk. Cash advance companies deal with much smaller loan amounts, between $50 and $1500, so they can afford to lend to anyone with a regular source of income. Not only do you not have to worry about your credit score with a payday loan, but you also reduce time spent processing your loan application. Quicker Turnaround Time Getting a cash advance is also quicker than applying for other forms of credit. By submitting your contact and checking account information, you can be approved within minutes. After a quick verification of your information, your lender can wire your cash into your checking account within a few hours. A credit card or personal loan can take weeks to process as lenders check your financial background. Flexible Hours By using an online payday loan company, you can apply anytime. Most applications are processed over the internet, so you can get a response even in the middle of the night. And with most lenders, you can contact a representative outside of typical business hours. Easy Comparisons Besides the ease of the process, you also can compare lenders much easier than with credit card companies or banks. Most cash advance companies will post their fees or APR on their website in the FAQ section. By checking out several lenders, you can be sure you are getting the lowest fees. No Credit Affect Payday loans stay off your credit record as long as you pay them on time. With credit cards or personal loans, using credit or having several open accounts will lower your credit score. Payday loans don’t have that affect, and they make sense for short-term financial emergencies.

Payday Loans – Online Hassle-free Fast Payday Loans to Respond to Urgent Cash Needs

Payday loans are small short term loans approved by payday loan lenders to respond to individual’s urgent and momentary cash scarcity and are typically for a short period only, from one payday to another. These are often used when there are unexpected expenditures that cannot wait or cannot be postponed until the next payday. The need may crop up from unexpected expenses like, car or appliance repairs, urgent home repairs, children’s school fees, medical bills, utility and credit card bills and so on. Since the individual’s need is urgent and short term, it is crucial that the borrower should have access to cash very fast at times within 24 hours, any later and it would be of no use. Knowing this, payday loan lenders normally get rid of the typical lengthy formalities and extensive checking of a borrower’s credit record related with conventional loan process. There are a few requirements like, the person in need should be 18 years or more US citizen, employed, earning a stable income of $1000 or more and having an active checking account. You just need to apply with a simple online form stating your name, address, contact details and checking account details. Besides, the amount being too small, often ranging from $100 to $1500, the lender does not seek any collateral from the borrower. However, even if the amount is small, it is nevertheless a financial commitment; therefore the borrower should go through the deal completely ahead of signing it. The repayment term for payday loans is often between 7 to 21 days or till your next payday, so remember to make arrangements for that well in advance to avoid late fees. The conventional means of getting a cash loan is to visit the bank physically, discuss the terms and conditions, and if satisfying, submit a physical application for loan and abide by the lender’s conditions. To get rid of the lengthy procedure, the majority of lenders at present follow online loan application method, which is suitable, in particular for people who do not have time for travelling and waiting in line at a bank. As soon as you submit the application, the lender receives and processes the application. Depending upon the borrower’s qualification the lender approves or disapproves the loan, and if approved, the borrower is informed. The loan amount is deposited directly into the borrower’s account within 24 hours. As it comes to repayment, the lender needs a post dated check, mostly payable on the borrower’s upcoming payday. A payday loan will have to be paid in full, along with the interests and other lending fees. Despite the fact that it is very easy to get payday loans, a borrower still has to adhere to the previously mentioned few conditions. Lack of any one of these preconditions will, almost certainly be a reason for disapproval of the loan application, or in any case, holdup the processing and approval of the loan amount and the borrower may need to provide some more documents. Finally search the internet for a dependable payday lender to get a best payday deal.

Payday Loans – Short Term Fast Payday Loans to Deal With Unexpected Financial Urgencies

With the downturn in the economy, it is no surprise that it is very tough to deal with unexpected financial urgencies these days. At times, you have an urgent situation and you want some ready money at once. Whether you want to have a loan of $100 or $1500, you can get help online with a fast payday loans. Avail yourself of this fast cash loans in case you have a pending bill to pay or you want repair your car, shopping for a sports equipment for your child, paying off your credit card bills or monthly mortgage payments or for whatever reason you want it for. These are short term payday loans accessible to you, and are offered for 7 to 21 days or until your next paycheck is credited to your bank. You want the cash and payday loans provide you with the cash, at rates that are as good as to other lending companies. Payday loans realize, with job hours being cut and job losses at record highs that it is difficult and difficult to deal with short term unexpected urgencies. For this reason, we are here to lend a hand with expedient hours. Get your hands on once your work is over and if you want cash for that utility or medical bill, these are available for you. Despite the fact that your credit record is substandard, you can still get this fast cash help. Your employment and your salary is enough to act as your credit. If you have a bad credit problem like, delayed payments, low credit score, bankruptcy, insolvency, defaults, it is not an issue. Payday lenders are familiar with that every person has gown through a circumstances where they just aren’t able to pay their bills and something unexpected occurred. Payday lenders are aware of that, and for this reason, if you need short term payday loans, you can avail yourself and take care of all your needs. Usually, in particular, towards the last week of months, there are just too many days and not as much as necessary salary left. For example, it happens, at times something unexpected crop up like, a medical urgency, or you have to repair a car so that you can go to your work. This is not a rare incidence. No matter what your difficulty is, you just have to visit online website, fill in online loan application form, a few formalities, provide a repayment check, in advance and get your cash transferred to your account within just a few hours. Visit, try for yourself and see what it can do for you in hour of your need. To cut a long story short, financial crisis do take place. Unexpected things do occur, and if you would like one of these short term fast payday loans, online payday loan lending companies are always there to help you out of you financial crisis and get you the money you want and help you bounce back at once.

Understanding Best Payday Loans to Make Them a Rule Rather than an Exception

Any loan resulting in a release of cash during times of immediate financial crises would be termed as best payday loan. It is only after the purpose for which the loan was taken gets satisfied that we start thinking critically of the loan. It will be wrong to term this tendency as selfishness. Payday loans are actually made dearer by loan providers. Many borrowers actually decide to take loans at any terms stated by the lenders because of the urgency involved in the situation. Lenders will not miss to profit of this opportunity. Thus, we find best payday loans costing dearly to its borrowers. High rates of interest and large fees are often appended to the payday loan, thus increasing the cost of the payday loan.

However, this was not what you had expected of the best payday loan. High interest rates were expected, but not of the extent that adorns your payday loan now. Neither had you expected that the lender would charge as high a fees. It is when the payday loan comes over for repayment that the expensiveness of the loan comes into view.

Though it may be too late to think of this now, this serves as a lesson for the next time that you plan to take a payday loan again. Proper planning ensures that the payday loan can be conveniently termed as a best payday loan.

Firstly, borrowers need to understand that payday loans differ from the other regular loans in terms of the purpose to which they are employed. The needs to which the payday loan is employed are characterized with urgency. These are generally routine monthly expenses, requiring only a small amount towards their disbursal. Thus, regular loans, where large amounts are exchanged, may not be appropriate. Moreover, regular loans that take several weeks to be approved and sanctioned may not be appropriate for these expenses because of the urgency involved.

Individuals, who may have ended their monthly paycheque before the next paycheque becomes due, find themselves hapless in making any extra payments.Best payday loans provide access to funds at a very short notice. Through payday loans, borrowers can draw funds in the range of £80 to £400. Depending on the needs of the borrowers and the lending policy adhered to by the lender, the borrowable amount may further go upwards. These funds will be used by borrowers to expend with ease.

Payday loans are short-term loans. The amount has to be returned with the interest within a month; sometimes within weeks. Lenders may employ different methods to get back the money. The most popular of these is the post-dated cheque system. The cheque is dated for presentation on the desired date. On the specific date, the amount is automatically cut from the borrowers account. For this purpose, some loan providers would require the borrower to have a checking account.

The post-dated cheque may also serve as collateral. In this sense, Best payday loans may also be regarded as secured loans. Borrowers, who desire to have best payday loans without the clause of collateral, will have to further search the UK financial market. The concept of unsecured payday loans is fast catching up with lenders in the UK, and it may not be much difficult to have best payday loans without collateral.

There are certain essentials that the borrower needs to have in order to become eligible for best payday loans. The borrower needs to be employed with a regular income that is transferred directly into his bank account. The borrower must have a chequebook and a checking account as mentioned before.

An important advantage of best payday loans is that credit history will not be checked. Borrowers with bad credit history will specially find the clause beneficial. Many loan providers may not even require borrowers to present their social security number.

Online application and online processing suit best payday loans. Best payday loans need to be approved fast in order to meet the immediate needs. Online applications transfer personal and loan details quickly to the loan providers. Thus, online application contributes towards a faster approval of best payday loans.

Though best payday loans present a convenient method of drawing cash during emergencies, they must not be misused. Expert advice ensures that borrowers have enough knowledge to make a proper use of payday loans.

Payday Loans – What You Need to Know

There are more payday loan stores in the United States than there are McDonald restaurants so if you are in desperate need of an emergency infusion of cash you may be one step away from your goal. But if your car is sitting in the driveway leaking vital fluids, you may not even have to leave home to get a payday loan as many purveyors of the service are now online.

How a payday loan works

Before you rush to do a search for “payday loan online” there are a few things you should know about how these types of loans work and what alternatives are available. A payday loan is a short term small-balance loan that is intended to tide you over till your next payday arrives. They can be conveniently obtained as payday loans do not require a credit check. If all you have are a checking account and two recent paychecks, you may be a customer. But there’s a price.

Payday or payroll advance loans are offered by companies that usually fly under the radar of state and local government consumer protection laws. In some sates such as Georgia, which has the stiffest regulations in the country, payday lenders have been accused of predatory practice and have sometimes been run out of town on rails. In their defense, payday lenders say they provide a much-needed solution to consumers with less than perfect credit and who must have a quick infusion of cash to tide them over till their next pay day.

In exchange for these high risk loans, payday lenders charge a fixed fee for a fixed period, usually fourteen days and if you happen to miss the fourteen day deadline, there’s a penalty fee that is added to your charges along with another set of fees to roll over the loan through another period.

Rapid escalation

In short order, if you borrowed $500 for an emergency situation, you could end up owing as much as $700 if you miscalculated your cash flow and were forced to take a payday loan for a month. That equates to 480% or so per year and on the face of it, looks like a dreadfully large price to pay for a small amount of money. So payday loans are usually a good idea only when you have run out of options entirely.

Whether you are applying online or in person, you must at least have a checking account. Payday lenders will require you to write them a postdated check for the loan amount plus the finance charges. They will be more than happy to extend the life of the loan if your needs are pressing. And the sheer convenience of payday loans online is difficult to resist. These sophisticated sites require your routing and account numbers from your check book and will routinely deposit money in your checking account almost instantly.

What can go wrong?

You run the risk of miscalculating your budget and getting into a cycle of using one payday loan to pay the other. The Center for Responsible Lending, a Durham, North Carolina non-profit, reports that the vast majority of payday loan borrowers do five transactions a year, while more than half of all borrowers take twelve or more loans per year. If you get into a cycle of dependency on payday loans, it may be hard to wean yourself from the habit.

Several states led by Georgia recognize this and have banned payday loans at one time or another, including Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont and West Virginia. But you should take heart if you live in those states, or if you have had all you can take of onerous interest rates.

The alternatives

You may be surprised to learn there are alternatives to payday lending and certainly to the beguiling online payday lending sites. If your credit rating is in the cellar you may find the following suggestions just short of annoying but I’ll make them anyway:

Use your credit card for which you’ll pay a much lower rate than a payday loan.

Ask your payroll department for a salary advance.

Ask a friend or family member for a loan.

Offer your supplier or service person a post-dated check.

Ask for an extension on your car loan that defers one month’s payment and frees up some cash.

The other alternatives

Realistically speaking, if you had good credit or a reasonably well-off family member, you would probably not be in the market for a payday loan. So your only reasonable alternative may be to minimize the damage. Searching for a payday loan online may be your best option for finding a reasonably low interest rate. But you must brace yourself for prompt repayment in order to avoid getting on the lender’s treadmill. Once you have lined up a reasonable rate and obtained your cash, you should start planning how to avoid becoming repeat business.

Breaking the cycle

A great place to start would be to learn how to make a simple personal budget so you can put aside small amounts of cash each payday for an emergency fund. If budgeting does not work for you, consider joining a credit union before your next crisis occurs. Credit unions now offer a nifty device called a Salary Advance Loan Program. State Employees Credit union in North Carolina has one of those. They will lend you up to $500.00 at 18% and with no fees attached and they allow borrowers to set up a loan by phone. They require that you have a direct deposit account with the credit union, into which your paycheck goes.

But what if you don’t work for the state of North Carolina? Or what if you don’t belong to a credit union or have a family member who does? All is not lost. The National Credit Union Administration has a nifty web page accessible from their “Resources” page where you can search for credit unions by type and state. This is pretty useful because some credit unions will allow you membership just because you live in a particular city or county. Take ACCESS Federal Credit Union in New York state for instance. According to their web site, “if you live, work, worship, or go to school anywhere in Oneida County or the City of Oneida, you are now eligible to join.”

Otherwise

If you absolutely, positively cannot find a credit union near you that offers salary advance loan programs, try to minimize the damage by shopping around for the best possible rate, before you run into an emergency. With a little luck, payday lenders online and off may realize a little restraint can go a long way. Any day now congress may decide to take up legislation to cap payday loan rates at lower levels, much as they have done for military personnel, whose rates have been capped at 36%.