http://www.paydayorbust.com/payday-advance.html Knowing how a payday advance works will help you in their ultimate use. And you'd better believe your payday advance is designed to be tricky indeed. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 At Payday or Bust we know its a long road between now and your next payday, and we understand that waiting for a paycheck can be a stressful, tiring, even financially unwise decision you simply cannot afford to take. Your solution may be best met with a payday advance, and only when you know how it works will you truly be free to ride that payday loan express. Your payday advance works two ways, for you then against you A payday advance is designed to be fast enough to handle your immediate financial needs, and in that respect payday loans rule. they are fast, made more so by the Internet and lending strategies that include no credit checks and the elimination of fax requirements. So how does a payday advance actually work: first you fill out an online payday advance form that will ask for your personal and financial information including your place of employment, a contact number, and your estimated two-week take home pay. Once you press that button your submission for a payday advance loan is sent straight to the lender, and they'll answer you quickly for two reasons: 1.) because your financial need is too great and their services so much more effective when fast and 2.) a faster payday loan will give you less time to consider the consequences. Basically, once you submit that application you are going to get your loan. and the money won't be handed to you, but deposited directly into your specified account for your immediate checking or cash use. The remained of your payday advance is entirely up to you. Use use the money however you want it, and lenders give you a multitude of repayment options. Our advice to you however is to pay off your payday advance as fast as you possibly can! Yes, pay your cash advance payday loan as soon as you can or suffer even higher charges for your loan. Why a quick repayment always comes before bust Repay your payday advance on your first payday and you will pay only the original fee of the advance - usually somewhere between $15 and $30 per $100 borrowed. If you fail to repay your payday advance on time you will be charged a roll-over fee, which is basically a loan extension for another pay cycle or about two weeks. This roll over fee will be equal to your initial loan cost, so one late payment will double the cost of your payday advance. That may sound fair, but consider how much you are paying: paying $40 for $200 payday advance loans for two weeks means a 20% rate charge. Add another two weeks and they'll charge you $40 more, bringing your rate up to 40%. That 40% is for a single month, to calculate the APR you'd multiple 40% by 12 months and you'll see a 480% APR. The very worst credit cards for the worst possible clients will not carry rates greater than 35%. Whoooo doggie, thats some expensive payday advances! Sat, 26 Jul 2008 15:00:00 EDT http://www.paydayorbust.com/online-payday-advance.html An online payday advance lets you quickly get access to the cash you need without leaving your desk. The online payday advance is often more convenient than the check cashing store, and may even save you money. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.paydayorbust.com/payday-advance-loans.html Payday advance loans are easy enough to understand - just read the writing on the wall. Others have come this way before you, and their experiences with payday advance loans will tell you what to expect. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0