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Tuesday, January 20, 2009

Pay Day Loans Online - How To Get Pay Day Loans Online

By Gressly Stevens

Is everything suddenly piling up on you? The rent is due, your bills are getting worse, or maybe you need to repair your car? This is a financial crisis and you know you don't get paid for another week or longer, so what do you do? You could call family and friends for a loan, but that is never fun.

There are pay day loans online that you can get and they are very fast. The process is a piece of cake and they don't require much of you. Here is what you need to know to get a pay day loan online in a hurry.

Start by finding a few payday loan companies. You will want around 5 for various reasons. You can find all the loan companies you need by doing a search with your favorite search engine. Once you have a short list of lenders you will want to check them all out and start eliminating the ones that dont work for you.

Start by checking the qualifications to see if you fit. There is usually a pre approval questionnaire that will help you with this. If you fit the requirements, then leave that company on your list, but if you don't, then get rid of them.

Now you need to check and make sure they are not a scam. Make sure they have a working customer service phone number. Also, check and see if they have a physical address listed and not just a PO box.

Take a look through their testimonials to see what past customers have said. The better business bureau and the Attorney General need to be checked as well. They will be able to tell you if there have been any complaints and whether they are legit or not.

Now that you have crossed off all they companies that have thrown up a red flag or two, you can apply for your loan. Depending on how much you need and how much you qualify for will make the difference as to whether you apply with just one lender or with more than just one.

You have to know, though, that you will be paying back all the loans you take out within about 30 days. Some companies will give you an extension if you need one. However, this will cost you more in interest and they might charge a fee for this as well.

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