400 Articles Articles on Every Conceivable Topic

In case you are caught between you paychecks and have an immediate need of cash to meet some emergency, payday loan yes is the right answer to your problems. Among all types of loans out there, these cash advances are the simplest and the fastest way to get instant cash. The application process for these cash advances is fast, simple and completely hassle-free. Most of the lenders don’t even check your credit score and grant you instant loan.

The Application Process

The application process for these cash advances consists providing the lender with your documents that prove your identity, regular source of monthly income, an active bank account and a proof of your age. Most of the lenders allow you to apply online, and fax the documents to their office. Once the application is submitted, the lender goes through your information, verifies your income from your employer, if required, and then the amount is transferred into your bank account. This whole process takes not more than 24 hours. The entire process is based upon your proof of regular employment. You need to have a job that has had been continuing for the last 6 months, and your bank account should have been active for the last 90 days.

No-Fax Cash Advance

There are certain creditors who are ready to provide you with cash advance even without the need to fax your documents. And, some of them also provide the cash to individuals with a poor credit score. Since, they have made their application process completely online based. The benefits of such services are:

? You need not go outdoors to find a fax machine, saving you time and effort.
? Since you are applying online from your home, no one will ever come to know that you have applied for a cash advance.

Repayment

In lieu for the cash advance the lender would require you to provide a check with the same amount as to be paid at the time of repayment. On the receipt of your next paycheck, you are required to repay the payday loan yes. In case at any point you find that you have trouble repaying the amount on the due date, you always have the option to get an extension from the lender. However, it should be noted that getting an extension over the current repayment period would mean a higher fee on the already high rate of interest.

Click here for more information about payday loan and payday loan yes.