A payday loan is a short term financial loan that you obtain usually
from a loan store and not a bank. It's given the name payday loan
because the borrower takes just sufficient amount to last him until the
end of the month when his paycheck falls due. In this article we will
examine the benefits of using payday loans. These benefits are detailed
below.


* Quick to raise and easy to apply - Payday loans provide a quick source of finance. All that you need is a
source of income and a bank account. The procedure is very simple. You
just fill an online application form and money will be deposited
directly to your bank account. Cash will be in your pocket in just a
matter of minutes.
* Low qualifications - The qualifications requirements for you to obtain a payday loan are
minimal. All you need is a source of income. This is in particularly
beneficial if you do not qualify for other loans due to poor credit
ratings. This is a major reason why payday loans have become so much
popular. For this type of debt finance there is no credit checks
required. Otherwise people who have good credit rating will borrow
cheaply from financial institutions such as banks.
* Protective legislation - Another merit of using this source of finance is that many states have
enacted laws to protect you from being exploited by unscrupulous lenders
 who may be willing to charge you super high interest rates and offer
harsh term and conditions in the payday loan agreement. These laws
includes caps on interest rates which set the maximum percentage a
lender can charge as interest.
* Convenient - Payday loan stores are usually open beyond the regular banking hours
allowing you to borrow funds at your convenience. They also offer online
 services which saves you the problem and inconveniences of travelling.
You can borrow from the comfort of your sofa. In addition payday loans
are convenient when borrowing small amount.
* No set restriction - Payday loans usually have no restrictions on the amount that you can
borrow. The only limit is your income. Also there are no restrictions on
 the purpose for which the fund can be used. This type of finance is
therefore flexible.
* Confidentiality - When you apply for cash loans, your financial information is secure
since payday lending institutions cannot let other companies and
individuals obtain access to your information.
* Valuable for emergency financial needs - Payday loans provide an important source of finance to cater for bills
and expenses that need to be paid before your next pay check arrives.
You will find this most beneficial in case urgent financial needs arise
at a time when you have no savings. The alternative to payday loans is
paying higher charges as result of penalties imposed due to lag
payments. You may also use payday loans to cater for unexpected cost
such as upcoming bills. This ensures you are not disconnected from
enjoyment of benefits and utilities. You will also find this type of
debt finance instrumental in funding items you may have under budgeted
for.
Providing documentation to be approved for a loan
Acceptable proof of income for a cash advance in a hour may be in
various forms. Cash advance lenders approve gainful employment, Social
Security or Disability checks, and retirement pension as steady income.
One hour cash advance loans target a large section of average wage
earners who have unexpected money emergencies between paychecks. Pay
monthly bills on time and avoid costly re connection fees due to high
summer cooling and winter heating bills with a short term payday loan.
When a credit card company threatens high late fees and penalties,
borrow enough to make an on time payment and save money in the long run.
The process for a cash advance in an hour can be handled through online
lenders
Borrowers must have a bank account in good standing in order to
 receive fast cash. The electronic depositing systems affords customers
to receive a deposit in their account and ready to use within sixty
minutes. Take the worry out of personal finances and rely on the service
 of payday loans in an hour lenders. The current state of the nation has
 brought many consumers to the brink of financial disaster and no one to
 turn to for help.
Double digit unemployment, salary cuts, and furlough days are creating
smaller paychecks that cannot keep up with rising inflation. Every now
and then most consumers need the assistance of a 1 hr cash advance loan
until their next regularly scheduled payday. With a payday loan in one
hour, customers can be assured that approval involves no credit check at
 all. No collateral is expected with a one hour payday loan, your
paycheck is the only collateral needed to secure this type of a fast
cash loan. 
These lenders are in the business to provide a valuable
service for millions who cannot be approved for traditional loans;

* Loans may mean the difference between paying for expensive
 medicine or taking a risk and delaying the purchase until your next
payday. There is no reason to hesitate with a 1 hour payday loans no
faxing that are readily available. No paperwork to prepare or fax and no
 long wait for approval with this type of cash advance. These payday
loans one hour lenders have weeded through the red tape and cut to the
chase for their clients. 
* Their
expectations are few and the approval process is easy. Pay each payday
loan 1 hour and you will be able to experience the ability to borrow
each time a short term loan is needed. These loans are not intended to
take care of long term money problems but are the perfect answer to all
you immediate small money dilemmas. Seek the lenders that are ready and
eager for your business and know how to treat their customers with the
respect they deserve.It is not unusual to fall on bad times and many hard working individuals
 have depleted their savings and spent their nest eggs on customary
living expenses. Times are bleak and these short term cash advances have
 been introduced to include everyone in a new means to get cash fast. 
Take the time to read the details with online lenders and choose the
best fit for your particular money needs. Avoid having to get another
cash advance from your boss. Choose a payday lender when unexpected
emergencies arise before your next payday.
