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Tuesday, January 20, 2009

Pay Day Loans Online - Do you Need Emergency Cash in a Hurry?

By Gressly Stevens

Is everything suddenly piling up on you? The rent is due, your bills are getting worse, or maybe you need to repair your car? This is a financial crisis and you know you don't get paid for another week or longer, so what do you do? You could call family and friends for a loan, but that is never fun.

There are pay day loans online that you can get and they are very fast. The process is a piece of cake and they don't require much of you. Here is what you need to know to get a pay day loan online in a hurry.

Start by finding a few payday loan companies. You will want around 5 for various reasons. You can find all the loan companies you need by doing a search with your favorite search engine. Once you have a short list of lenders you will want to check them all out and start eliminating the ones that dont work for you.

Start by checking the qualifications to see if you fit. There is usually a pre approval questionnaire that will help you with this. If you fit the requirements, then leave that company on your list, but if you don't, then get rid of them.

The next step is to see if the sites are legit or not. Start with their customer service number and make sure it works. You want them to have an address other than a PO Box listed somewhere on their website as well.

Checking their testimonials from past customers is another good thing do to. You should also check the better business bureau and the Attorney General as well. This will give you enough information to make a decision to whether they are legit or not.

Now that you have crossed off all they companies that have thrown up a red flag or two, you can apply for your loan. Depending on how much you need and how much you qualify for will make the difference as to whether you apply with just one lender or with more than just one.

You have to know, though, that you will be paying back all the loans you take out within about 30 days. Some companies will give you an extension if you need one. However, this will cost you more in interest and they might charge a fee for this as well.

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