Instant and Easy Payday Loans with Jackson Cash
Instant and Easy Payday Loans with Jackson Cash
Instant loans are short-term cash loans usually ranging from anywhere between from 0 to 0. Instant loans are also called instant cash loan, no credit check payday loans , bad credit loans, instant cash advance, fast cash loans, pay day advance, and instant payday advance.
Instant loans assume importance in face of a financial crisis. Let's say you're running short on cash, but you won't get paid for another few days. You want to borrow 0, so you write a personal check to payday advance service provider to cover the loan plus the fee to borrow the money.
The payday advance service provider would then hold the check until your next payday. When your payday arrives, you can pay off the check with cash, allow the provider to deposit it, or write another personal check to the payday advance service provider to cover the amount of the original check plus a new loan fee.
The fees charged for pay day advance are usually a percentage of the face value of the check or a fee charged per amount borrowed - say, for every or 0 loaned. And, if you extend or "roll-over" - say for another two weeks - you will pay the fees for each extension.
Under the Truth in Lending Act, the cost of fast cash loans -like other types of credit - must be disclosed. Among other information, you must receive, in writing, the finance charge (a dollar amount) and the annual percentage rate or APR (the cost of credit on a yearly basis)
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Instant cash loan is an excellent way to get cash fast online. Though there are brick and mortar instant payday advance lenders as well but the process is time consuming and requires you to personally visit them.
When you need an instant cash loan, online payday loan service providers are the best option. This is so because online payday loan service providers give you the freedom to apply for the instant payday advance from the comfort of your home or office.
Before you receive instant loans, online payday loan service providers would ask you to fill up an online payday loan application . The online payday loan application will help provide some basic information about you and your income to these online payday loan service providers.
Once they have the information, your online payday loan application would then be processed and checked to see if you meet the requirements of these online payday loan service providers. Once approved, the instant payday advance will be there in your account the next business day.
The advantages of instant payday advance are many. To begin with, they are:
1. Simple----All you need to do is visit the website of any loan provider such as Jackson Cash and fill up an online form.
2. Safe----Your information is usually secured by SSL to ensure the safety of all your confidential information as in the case of Jackson Cash.
3. Convenient---It takes only few minutes to fill an online payday loan application
4. Quick---The cash will be deposited in your account within 24-hours once you fill up the form
5. Discreet---The information is shared only between you and the loan provider.
6. No faxing ---In most of the companies (such as Jackson Cash), you are not required to fax any income or personal details
7. No Collaterals---No collaterals are required either. Hence, no paper work involved at all.
8. No credit check---You credit history does not comes under scanner. Even if you have one, itís of no consequence
Because of no credit check, instant loans are also known named as no credit check payday loans or bad credit loans . There is no other provision to borrow money if you have a bad credit history. This also happens to be the most beneficial aspect of instant cash advance -- you can always count on them during times of urgency.
No credit check payday loans or bad credit loans can be repaid anytime. A common misconception is that there's a concrete time period within which you need to pay back the amount of the no credit check payday loans or bad credit loans . This is not the case. You may ask for an extension at any time and may be approved instantly for it.
A word of caution
Though instant cash loan is easy available and has some inherent advantages, still donít trust without checking the credentials of any online payday loan service provider. Always collect all the necessary information, go through their websites thoroughly and then decide. If you proceed with a little caution, you will be able to easily tide over your financial bind without losing out on anything.
About the Author: Oliver Truong is the founder and CEO of Jackson Cash , a leading provider of online payday loans and no fax cash advance services nationwide. He and his team at Jackson Cash are dedicated to meeting the high demand for emergency funding needs of today's fast paced consumer lifestyles.