Great Sky Cash Advance

If you need some urgent money before your next payday, here is another fast cash alternative for you- a bad credit cash advance. Such an instant cash loan guarantees a sum of $100-$1500, depending upon your monthly income of course, for a period of 7 days to 2 months, albeit at a high interest fee. This facility, while not practical to use for grocery shopping and other non-urgent expenditures, can be considered when you have to meet those unexpected medical emergencies or for those sudden vehicle breakdowns!

What Do The Laws Say About Payday Lending?

In the United States of America, paycheck lending business has grown to a massive multi-billion dollar industry today! Bad credit instant payday loans are legally allowed in 37 states of America. In the rest of the states, however, stringent interest caps levied by the local state governments have made it impossible to carry out this business. Alternatively, the governments there have simply banned lending institutions to offer such bad credit paycheck cash advance loans. Before you sign up for such a loan from any company, you should first check whether it is registered with your local BBB or not, and also about what do your state laws say regarding the business.

Approval Procedure

The approval process for a bad credit payday loan is rather simple. The following conditions are required by all financiers, regardless of their state of operation.

1. You must be a legal American citizen over 18 years of age.

2. You must have held a regular job for the last 90 days at least, and must be earning a minimum of $1000 a month.

3. You must have an active checking account with a bank.

Apart from these, some states require the fulfillment of some additional conditions as well for taking a bad past credit cash advance.

1. You should have been in the employment of the SAME firm for the last 3 months.

2. Your bank account should have been in use for at least the last 90 days.

3. You should be holding less than the specified maximum number of payday loans from different lenders.

Ideally, you are required to submit documents, verifying all the above details. Papers like your passport, bank statements and pay stubs have to be faxed to the lender. But if you don't have access to a fax machine, then you can go in for no fax bad credit payday loans.

No matter what kind of bad credit cash advance you decide to take eventually, just remember to repay it in full, right on schedule, as a highest priority obligation, when you receive your next salary!