Fast Cash Loan Online - How to Qualify For a Fast Cash Loan Online

A payday loan is easy to get as there is no credit check involved in the process. A person with a regular source of income and a bad credit rating is as eligible for the loan as any other person with a good rating. Any credit rating agency is not involved while processing the loan.

There is a brief form which is filled and submitted online. The following is checked before sanctioning a fast cash loan.

1. Age of the customer: the customer should be minimum of 18 years of age.

2. Employment : The customer should have a regular source of income. He should have been employed with his current employer for the last three months. There is no credit check done on the customer however telechecks are done by calling up people.

3. Checking account: The customer should have a checking account for transaction purposes as the credit giving agency will transfer the fund directly to the account of the customer.

4. Pay stubs and bank statements: For first time loan takers the payday store might ask the customer to fax across bank statements and pay stubs for the last three months.

5. Authorized Cheque in favor of Payday store: The customer has to authorize a cheque in favor of the payday store so that as soon as the customer receives his salary the amount is debited from his account and the payday account is credited.

Therefore we can see the process of loan processing and disbursal of payday stores is vey simple and convenient for the customers.

If you are currently experiencing short term cash flow problems and are in need of quick cash then you will obviously want to get the best deal. I would strongly discourage you from going directly to a particular payday lender as you never really know if you are getting the best rate. Instead, the most efficient way to receive multiple quotes and get the best deal on your short term loan, is to utilize a multiple lender website that is affiliated with several payday lending companies. These websites will make the payday loan companies compete over your loan and therefore you are able to choose the one that was able to offer you the best deal. Going through a multiple lender website will save you time and money and they have consistently offered consumers the best market rate available. They are free to use and are by far the most convenient method to get quick cash. For a payday cash advance loan lender that has consistently provided competitive rates check out this link: