Legitimate Payday Loan

If you’re considering a legitimate payday loan it’s always a good idea to go online and compare lenders before you get one. Shop around to find the best rates and make sure to check at least one website that acts as a broker for several lenders. These affiliated websites are free to use and will usually be able to offer you better rates than those offered if you go directly to a lender. This is because they request quotes from 3 or 4 different lenders which means you get a better deal as the lenders compete for your business.


To qualify for a legitimate payday loan you need a checking or savings account, a regular source of income and a valid form of ID. Most lenders don’t run full credit checks or probe too deeply to find out whether or not you can make the repayments. Online payday advance lenders will typically offer loans from $100 to $1500 and they are fairly flexible when it comes to the length of your repayment term. Once approved the funds are transferred directly into your checking or savings account – usually within 24 hours of a repayment plan being agreed upon.

Before applying for a legitimate payday loan, think hard about whether or not you really need one in the first place. Bear in mind that interest rates on these loans are high and they shouldn’t be taken out on a regular basis or you could find yourself in a continuous cycle of borrowing and repaying. Having said that, they can help you out of a fix if you have short term cash flow problems and it’s good to know they are available if you really need them. They have helped out many an American who has found themselves stuck just before payday, so don’t be afraid to explore the options if you need to.