Where Can I Get A Payday Loan?

Life will often have many unexpected financial emergencies where it may be necessary to obtain some immediate extra cash until your next paycheck. There are a number of different payday loan companies available that will help make dealing with these emergencies a little easier. Short term personal loans like payday and title loans can be a valuable tool if used correctly but can sometimes spiral out of control leaving the borrower worse off financially. It is important to understand the pros and cons before you consider where you can get a payday loan.

Payday loans use an existing pay stub, along with a valid and active checking account, to provide a temporary short-term loan normally for one to two weeks. The belief is that once you get paid in a few weeks time you will pay off the loan including any applicable interest and fees in full. If this happens as planned then there should be no other issues and you can move on with your life. If however, you fail to pay the loan in full or even miss the minimum payments, penalty fees and interest can turn a couple hundred dollars into a thousand dollars in a few months time.

If you decide to go this route you may be asking yourself where can I get a payday loan? First start by asking friends and family as they may have already utilized the services of a payday loan company and can tell you what to expect and where to go. Word-of-mouth from people you trust is the best way to find a lawyer, mechanic, doctor and sometimes a payday loan company. The second step would be to go online and use community feedback sites like Yelp or Google Maps to locate user reviews and view votes for payday loan organizations. You can use these sites to confirm the information your friends and family provided or to narrow the search down on your own.

If you don't have access to the Internet or are more comfortable with using the phone book then check the local Yellow Pages for a list of payday loan companies. This may require significantly more leg work to call around and get information from each company about their terms and conditions. It is worth the effort however as interest rates and fees can vary dramatically between companies so by taking the extra time and effort you may be able to save significant money on your payday loan. While on the phone, ask a few of the companies what is required with regards to paperwork to obtain the loan so you're prepared when you walk in the door.

Once you have found a company you like and are comfortable with, gather together your paperwork such as a personal ID, a few personal or work references and one or more paycheck stubs. These requirements are consistent at most payday loan companies and they use them to both verify who you are and that you have current active employment as a means to repay the loan. After verification most payday loan companies will provide the money on the same day. If you apply online however it may take a few days before the money appears in your checking account ready for use. Don't forget to follow the terms and conditions explicitly to avoid significant fees or interest penalties.