A friend of mine, working in a marketing firm, was in need of $1000 and he approached me for some cash advance. He said he needed the money to pay for some urgent repair of his home. His house was in a bad condition and the rains were around the corner. The work had to be started in time and finished before the rains.
Every salaried person faces such a situation once in a while in his lifetime. I could have easily helped him and actually I did. But not by giving him the required $1000 but showing him the right path.
I asked him to visit websites that offer payday loans like cashadvance1500.com
Payday loans are short-term, small, unsecured consumer loans. It does not even require any credit checks. You can easily sit at home and apply for such a loan through the website. Lenders usually require following things to approve your loan
1. you should be employed for at least 3 consecutive months.
2. Earning at least $1,000 per month in income.
3. Having a valid checking account open for at least 3 months.
Specific lenders also mandate current bank statements and paycheck stubs. Online payday loans lenders also consider the frequency of NSFâ€™s (non sufficient fund) charges an applicant has incurred in the past 30 days, and the number of current outstanding online payday loans.