How You Can Get A Free Payday Loan

How you​ Can Get a​ Free Payday Loan
You probably already know what payday loans are - who has not seen the​ ads on​ the​ Internet,​ on​ TV,​ or​ in​ the​ mail? They seem to​ be just about everywhere .​
Yes,​ the​ interest rates on​ some of​ them can be rather high,​ too .​
But did you​ know that there is​ a​ way that you​ can get one free? Here is​ how you​ can get a​ free payday loan .​
Payday loans have got to​ be one of​ the​ quickest ways to​ get access to​ some cash - up to​ $1,​500 with some lenders .​
These loans do not take long,​ probably only 10 minutes to​ fill out an​ online application .​
Some do not even take that long .​
Required Information
The information that you​ will need to​ fill out the​ form is​ rather simple .​
Here are the​ requirements that the​ lender will be looking for .​
You need to​ be 18 or​ older .​
Then,​ you​ will need to​ have worked at​ the​ job you​ are at​ now for at​ least three months,​ and are now making more than $1,​000 each month .​
Then there is​ the​ matter about how the​ transaction is​ to​ be completed .​
In order to​ satisfy their requirements on​ this one,​ you​ will need to​ have an​ active checking account for at​ least three months .​
This is​ where they will put the​ money once you​ are approved,​ and it​ is​ how they will get their money on​ the​ due date .​
You will need to​ either write a​ postdated check to​ them (if you​ go to​ one of​ their stores),​ or​ give them permission to​ withdraw it​ electronically from your checking account .​
Free Payday Loans
Now,​ about how to​ get your payday loan absolutely free .​
All you​ need to​ do is​ to​ look for this type of​ ad when you​ shop around for a​ payday loan - you​ will see them .​
This will only apply for your first payday loan,​ and you​ probably will only get about $400 or​ less for your first one .​
After the​ first one,​ it​ will cost you.
High Interest
The interest rates on​ a​ payday loan can be rather high .​
You can expect it​ to​ be anywhere between 15% up to​ 30% of​ the​ amount you​ borrow .​
So,​ in​ order to​ get those lower rates after your first free one,​ be sure to​ shop around some .​
Many payday loan lenders use a​ network called TeleCheck,​ which will tell them whether or​ not you​ have had a​ payday loan before or​ not,​ and if​ any are currently outstanding .​
Getting your payday loan only takes about 10 minutes to​ fill out the​ application,​ and,​ with some of​ them,​ you​ can have your cash in​ your account within an​ hour .​
There are two basic types of​ payday loans – called fax and no fax .​
Standard Payday Loan
For a​ standard payday loan,​ you​ may be required to​ fax copies of​ your current paystubs to​ them,​ as​ well as​ current checking account statements .​
This is​ to​ verify your information about income and your account numbers .​
No Fax Payday Loan
A no fax loan will ask for the​ same information,​ but without requiring that you​ fax anything to​ them .​
Since you​ are not giving them copies of​ the​ exact information they need,​ they will need to​ verify it​ for themselves in​ other ways .​
While this speeds up the​ application process,​ it​ also may delay your cash up to​ 24 hours.

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