Payday loans are small
Payday loans are small loans you may use when you are temporarily from money. Often referred to as payday advances or payday advances, no matter what name, these loans are built to meet temporary, short-term income needs.
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Payday lenders usually loan between $100 and $1000, dependant on your income and ability to the loan. A good gauge of precisely how much a payday lender will help you borrow at any one time is to take your weekly income and divide it by 3. For example if I was earning $600 a week my maximum borrowing capacity would be around $200. This means I possibly could borrow between $100 and $200 as the minimum loan amount is usually set at $100
The first requirement is that you must be 18 years of age or over. Unlike other types of loans, an advance payday loan typically does not require a credit assessment. However you will be forced to provide some form of income and or banking verification. Different lenders will require different income verification documents though the loan approval criteria will depend on a few other factors that many employed people meet for example employment status, minimum income and an active checking or piggy bank.
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