you really need money, or just really want some, a
give it to you, assuming you qualify.
requirement is probably why cash advances have become so popular. To get the short-term
payday loan, you
need a payroll check stub from a job -- in other words, an income that
isn't financial aid such as unemployment or disability.
People in need
of money who don't have jobs wont qualify.
There are always
people who need the service and those who don't want to wait until payday.
But it's not for everybody.
In addition to having a
job, an applicant typically needs a current checking account at a local
bank, have a recent bank statement and have
If you qualify, loans
can be made for up to $500. Just write a post-dated check for up to two
weeks in the future for the amount desired.
amounts cost less. State regulations govern the fees that can be charged.
People get loans from
the business for a myriad of reasons. They range from money to fix the
transmission in the only family car to just wanting an early trip to the
Although it can get
expensive, some believe it's better to post-date the check and pay the fee
rather than put items on a credit card and wind up paying on them for
A busy time for the
payday loan business is just before school starts. A lot of parents needing money for
school fees, school supplies and clothes will stop by.