Monday, October 12, 2009

Use Of One Hour Payday Loans

By Andy Zain

Getting one hour payday loan is not an easy task when you search for them by stepping in various banks or lenders. The best way to find a one hour pay day loan lender is the use of Internet. When you make a search online you can find hundreds of provider's online ready for providing you loans in an hour.

There is huge increase in the number of one hour payday loan lenders. This is because of the need of money for many people that too in a very short period of time. Due to this need of money, and also the profit which this business gives the lenders are increasing day to day. There are direct and indirect lenders who can help you to get your money in a short term.

The indirect lenders usually involve a good deal of money to get your one hour payday loan, because of the involvement of the third party. It also takes time for getting your loan, as the middle man is involved and there is no direct contact between the lender and the buyer. So it is mostly avoided by people.

In contrast to the indirect lenders, the direct lenders directly involve with the borrower and make people to get money is a very faster rate and also with very less money involved in process of getting the loan. The reason being the absence of the middle man in this process. The direct money lenders are also known as the no teletrack lenders.

To avail your one hour payday loan, there are some criteria which you should satisfy. The main criteria are that your age should be 18 or more. You should have been employed for at least 3 months in a company and also you must have a valid and active bank account which should have the facility for direct deposits of money. If you pass these things you are eligible to apply for a one hour payday loan.

After your loan has been processed, the loan amount will be directly transferred to your direct bank account which you have specified in the form. Once money reaches your bank, you can have a full access over it. Also try to repay the money before the due date; else they will directly take money from your bank account.

If you are not able to repay the one hour payday loan, the due date can be extended, but check out those penalties and fines are added for each and every extension of your due dates. The range of the one hour pay day loan is $100-$1000. - 29904

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