Need urgent cash

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
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 NSF’s (non sufficient fund) charges an applicant has incurred in the past 30 days, and the number of current outstanding online payday loans.