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Tuesday, January 20, 2009

Pay Day Loans Online - Do you Need Emergency Cash in a Hurry?

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.

You will need to start by finding 5 or more pay day loan websites. This can be done with a search from Google, Yahoo, or any other search engine. There are a bunch of them out there so finding 5 should be pretty easy. Once you have at least 5 sites you will begin to eliminate the ones that you don't want to use.

Check and see if you fit the qualifications they have on their website. These are usually pretty basic, but some lenders have a strange one or two in there that differ from other lenders. If they work for you, then keep them on your list, but if not you need to cross them off.

The next step is to see if the sites are legit or not. Start with their customer service number and make sure it works. You want them to have an address other than a PO Box listed somewhere on their website as well.

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.

Once you have gotten rid of the companies that may not be legit, it is time to apply for your loan or loans. If you don't need $1,000 or more you should only apply at one company, but if you need more than you qualify for, then you might need to apply at multiple companies.

If you do apply for more than one loan, you need to know that they will have to be paid back. Usually you have about 30 days to do so. Some companies will grant you an extension of up to another 30 days, but there will be a fee involved and more interest charged.

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