Getting a 20 Minute Payday

Sometimes waiting a full week to get your payday just isn’t acceptable — particularly if you have some pressing financial matters to deal with. For example, maybe you got your payday on Friday, but on Tuesday, your central heat and air unit decides to bite the dust while temperatures are in the nineties. If you don’t have any savings, what do you do? A 20 minute payday would probably sound like an attractive alternative to your regular weekly payday. As long as you are employed and have a bank account, you can most likely borrow the money you need within 20 minutes or less to take care of your urgent financial emergencies.

How Payday Loans Work

When you go to a place of business that offers payday loans, you are essentially getting a 20 minute payday because it usually doesn’t take much longer than that to find out if you qualify for the loan in question. Fortunately, there are very few people who can’t get these loans. The payday loan office will want to know where you work and how much you make as well as how frequently your paycheck comes in. After they have this information, they will need your bank account details. The bank info is important because this is how you will pay them back the money they loan you. They can’t really trust that you’ll pay back the money you borrow — plus their interest charge — on the date specified, so they will set it up so that the money comes directly out of your account and into theirs automatically. If you can’t agree to such an arrangement, the payday loan office will probably not loan you the money you need.

The Dark Side of Payday Loans

Getting your payday sooner than normal doesn’t come without some consequences. According to Consumers Union, the average payday loan office will charge you about $17 for every $100 you borrow. This might not sound like much when you think about it and you have the fact that you need the money now on your mind, but its actually somewhere in the neighborhood of between 200 to 900 percent interest depending on the amount you borrow and the loan duration! No one can argue that this rate isn’t through the roof, so you need to be completely sure that your financial emergency cannot wait until your next paycheck comes in before agreeing to a loan like this.

How To A Few Thousand Dollars Fast?

Are you wondering “how can I get 5000 fast?” The majority of payday loan offices don’t loan more than $1500 at a time. This is because most people who end up needing loans like these do not earn more than that in a given week. So, what do you do if you find yourself in a situation where you need more than you earn in a week? What if you need more than a $1500 loan, what if you are thinking to yourself, “I need 3000 dollars right now“? If this sounds like you and your credit is in bad enough shape that you can’t simply visit your local bank and ask for this much money, you might want to consider looking into poor credit loans instant decision. As the name implies, these loans are available to people with bad credit who need money fast and do not have time to wait a week or more to find out if their loan applications have been approved. Just as it is with the kinds of payday loans you can get in 20 minutes, these loans come with incredibly high interest rates. There is also a chance that you might have to put up the title to your car or something else of value that you own when you need $5,000 dollars fast.