Pay day loans are short-term, high-interest money loans. The cash for the principal amount to obtain one, the borrower writes a personal check to a lending company for the principal amount plus fees and takes home. Typically, payment arrives fourteen days following the loan is given, or in the customerвЂ™s next payday.
Pay day loan demands
Demands can vary greatly between loan providers, however you will want to meet with the after criteria to have a loan that is payday
- A Social Security that is valid quantity
- A documented and steady income source
- a banking account in good standing
- A individual check
- A Government-issued photo ID