Payday loans explained

If you’ve never had a payday loan before, you probably have questions.

What are they? What can they be used for? How to I get one? Online or in-person? – Fast Online Payday Loan can help.


We can help you find the answers you seek. When you’re unfamiliar with the process anything can seem confusing. Fortunately, payday loans are fairly simple. Throughout the pages of this site, we will try to explain the details of payday loans in simple terms. We will give examples of how to use a payday loan. We will answer common questions. We will even explain the pitfalls. Fast Online Payday Loans wants you to be informed. Our hope is that you will be able to make an informed decision about whether a payday loan is right for you.

Before we get into the details of payday advances, we should make one thing clear. Payday loans are a short term solution to an immediate need for cash. They are advances secured against your pay check. They are not intended to support an on going budget problem. Repeated use of payday loans, or any kind of credit, without understanding the consequences can lead to serious financial trouble. However, once you understand their purpose, payday loans can be a great way to meet your financial needs.

The Details

In case you’ve already decided a payday loan is for you, here is what it takes to get a payday loan.

You must:

  • have a job or receive regular income
  • make at least $1000 per month
  • be a US citizen
  • have a checking account with direct deposit

You might have to fax in a few documents, but most payday lenders are now faxless. Of course, you’ll also need the money to pay off the loan when it comes due. If for some reason you won’t have the money in your account on the due date, you can request an extension or roll-over, although you should consult your designated customer service agent for details. You will need to do this before the loan is actually due or you will incur various penalty fees.

Fast Online Payday Loan wants you to be informed about payday loans. When choosing a payday loan provider, look for a site that is clear and informative.

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