Payday Loans Guaranteed Approval with No Faxing and No Credit Check
Cash loans are only meant for short term and meager cash needs. The loan amount available varies from a company to another but the average loan amount you can get from a direct lender falls within $100 to $1500. Sometimes the loan amount is fixed based on the borrowers' repayment strength. Thus, it is a must to provide your income data while applying for the loans. Your monthly income with or without a stable job must be able to meet the loan repayment and should not be less than $1000.
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The biggest issue with these types of loans is the very short term of the loan repayment. Usually, you are required to pay back the loan amount on the next upcoming payday. In case, if you fail to repay the loan amount on the due date, you can request for grace periods. However, you will be charged with high rate of fees and the rates will be compounded. So, it is advised to pay off the loan amount on the due date itself and to apply for a fresh loan to recoup the needs. see