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My Payday Loan is a reliable online company that offers quick cash advances to people facing a financial emergency. They have built up a very good reputation in the industry and have lots of experience helping those who have found themselves in a tight spot. Many people have paid a visit to Mypaydayloan.com and have come away with the cash they needed to see them through with little or no hassle at all.
Fast Loan Approval Process
My Payday Loan offers specifically tailored cash advances to people who do not want to borrow money from family or friends but need to get their hands on cash right now. The loan may be used to cover expenses that the borrower had not planned for, such as medical bills, car repairs or special events like a birthday or wedding.
Payady Loans / Cash Advances up to $1,000
My Payday Loan will lend amounts of up to $1000. They charge a set fee of $25 per $100 borrowed, so for example if you borrow $1000 you will have to pay back $1250 altogether. However if you are a first time customer borrowing up to $400 they will not charge you any fees. You will be expected to repay the loan within two weeks but if you need to you can request an extension and just pay off the fees on the due date.
Normally No Credit Check; No Fax required
One of the plus sides to getting a loan from MyPayDayLoan.com is that they offer a no fax payday loan, which, as the name suggests, means you won’t have to fax any sensitive supporting documents when you fill out your application form. To qualify for this type of payday loan you will need to have had your checking account for a minimum of 90 days and you will need to have been employed for at least six months with a net income of not less than $1000.
Loans / Cash Advance sent to your Account within 1 – 24 hrs.
If you are a first time customer with My Payday Loan and you fulfill the necessary criteria, you will get a loan of up to $300. Your money will be transferred to you overnight as soon as your online application has been approved and as long as you have applied before 5pm Monday to Friday. As soon as you have received your loan you will have to fill out a payment request form to let mypaydayloan.com know how much you are going to pay them on your due date. If you don’t fill out this form My Payday Loan will debit the whole amount owed from your account on the date agreed. Once you have repaid the full amount on your first loan, you can then apply for a subsequent loan of up to $1000.
Checking bank account is required
There are certain things that will disqualify you from application, including filing for bankruptcy in the previous year or having been made bankrupt more than once. You will also be disqualified if you are unemployed or have not been in your current job for at least 5 months. You must have cleared all your previous loans with the company and you must have had an active bank account for a minimum of 5 months. Before they approve your cash advance My Payday Loan will run a quick check with a national database to verify your previous loan history as well as your check writing history. However there is no need to run a full credit check as the repayments will be debited directly from your account.
Employed at Present Job for the last 6 months, and
Have a monthly $1,000 NET Income.
Terms and conditions are very fair and reasonable with My Payday Loan and it is a company that works hard to make sure people don’t find themselves in further financial trouble when borrowing from them. However, as with all payday loans, a cash advance from this company should be viewed as an emergency fix and should not be used to cover shortfalls in your budget on a regular basis.
First-time Customers may apply for a Free Loan
Apply Online 24 hrs a day
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