Getting Started
You've already found this site, which will help you take the first step to getting pay day loans: finding a service provider. Ideally, the pay day lender you find will be able to give you a free quote on a loan. Before you request a quote from your provider, make sure that there are no strings attached or hidden fees associated with the offer. If your lender's offer sounds reasonable to you, you can usually move on to the next step online. Your lender will most likely allow you to fill out the necessary forms on their site (varies by lender). Usually, borrowers have to provide information on their employment status, earnings, and bank account details (varies by lender). If you provide this information over the Internet, verify that the site through which you submit your information is secure so your privacy isn't compromised. After the submission of your information, you will eventually receive an approval decision from the pay day loan company telling you whether you can proceed to the next step (varies by lender).
Authenticating Your Information
Sometimes, the approval notices that borrowers receive on pay day loans are tentative and are only confirmed after the lender authenticates the information you provided on your paperwork (varies by lender). To confirm your information, your lender may ask you to fax them certain documents, such as your most recent pay stubs (varies by lender). Other lenders may be able to confirm your information electronically, but this will vary. A pay day advance lender should be able to tell you how long this process will take. Once the information is verified and you're cleared to receive the loan, it's time to move on to the funds transfer.
Depositing the Funds
After your lender has everything they need to proceed with the loan, they will initiate a direct deposit of the pay day loan into the bank account you specified in your paperwork (varies by lender). How long the transfer of funds takes will depend on your bank and how quickly your lender processes the information. In most cases, the deposit does not take very long because everything is managed electronically. When pay day loans finally appear in your account balance, you are free to use them however you need.