What Are Credit Payday Loans?

Credit Payday Loan

Your "collateral" – the basis on which you take out an emergency loan – is your paycheck. It's how millions of working people manage expenses that hit at the wrong moment.

Why use credit payday loans online?

There are literally thousands of reasons why people need emergency cash. But in general, it's about bad timing. Such as when you need a car repair the same month you need to cover a medical expense. Or just when you thought you were getting ahead, a family member in another state took sick and you needed to travel quickly to make a visit.

What this type of loan enables you to do is cover these expenses in the moment, then work out the money part a few weeks later. It's not unlike a credit card, except you will pay the loan back in full from your next paycheck (the loan size is limited by the size of your pay). The fact you can procure such a loan online, without visiting a payday loan store armed with paystubs and other documentation, is an added plus - convenience and speed, all from your computer any time, day or night.

Cash Advance

AAAPayDayCash.com Helped Me Out

“With four school-age kids at home, someone always needs something. Whether its sports equipment, new shoes or paying for extra curricular activities, I can always count on AAA Payday Cash for a Credit Payday Loan until my next paycheck. I appreciate their fast service and the customer service representatives are always very helpful.”

Marlena – Cincinnati, OH

How do credit payday loans work?

If you already have an account with a paycheck-advance lender, great. You understand the process involves less than ten minutes of your time. For the new borrower, understand a loan application boils down to just a few things:

  1. Show us that you have a job (include employer and wage information).
  2. Show us that you have a checking account (to keep costs low and the convenience factor high, all loans and repayments are done electronically).
  3. Request your loan, up to $1000.
  4. Get confirmation that the loan is made.
  5. When money arrives in your checking account, usually by the next business morning, use it immediately as needed.

For people who bank or pay bills online, this is a very routine process.

Why use AAAPaydayCash.com

There are many online and storefront lenders who provide this type of loan on a similar basis. And yet there are important differences between these various companies.

  • AAAPaydayCash.com is a U.S.-based lender. This is important, as there are some offshore paycheck lenders, based in other countries, where it is possible for them to charge higher fees and overall less-favorable terms.
  • AAAPaydayCash.com also provides high-level customer service. Whether you are new to the process or have questions on a recent or future loan, you can always find a person to talk to or correspond with via email.
  • This loan does not require collateral (as with car title lenders). A borrower does not risk losing a valuable and costly item if they are late in a repayment.

And as should be evident, a credit payday loan is not made on the basis of a perfect credit score. It is possible to have endured a foreclosure or bankruptcy and still qualify for this loan from AAAPaydayCash.com.

Eligibility requirement

  • Active bank account for 90 days or more.
  • Active/current job with 90 days of employment.
  • Direct Deposit is required.
  • No Military personnel loans.
  • Minimum net income of $1,000 per month for employed and $800 for SS or retired.

About credit payday loans

An advance on a future paycheck necessarily means that the amount of money you will have available in the next pay period will be less. The borrower needs to plan for this and reduce or avert spending as necessary. But with credit payday loans, you are given more time to plan, to manage and to emerge from badly timed expenses. This is how such loans are used most responsibly.