How to Get A Low Cost Payday Loan In 1 Hour

There was a time when payday loan companies were disbursing the cash in just 24 hours. Sometimes, it was even quicker than this. You could get the money deposited directly into your bank account in less than that. But now it seems that the market has become even better for the applicants. There are today some companies that are giving payday loans in 1 hour. Yes, you read it right. All you have to do is complete the application process. It will be processed immediately, and the money will be there in your bank in under an hour from the time you have completed making the application. It seems impossible. But these companies have made this possible now.

But the problem is, how do you find these companies? Sure enough, there are plenty of advertisements on the Internet. However you should know that some of these companies are charging extra money for this quick application processing and loan disbursement. Which is not right. There are additional fees too, as many of these websites are just brokers or commission agents that will keep their cut. This is why you must always be careful about where you are making the application. You don't want to be paying more than you should, because payday loans are very costly anyway.

So, is payday loans in 1 hour at low rates really possible? Yes it is if you have these things:

1. You should have a good job working in a reputed company.
2. You should not be already having a payday loan from any other company.
3. You should be making at least $1200 per month.
4. You should have a current account with any bank in the US.
5. You should have a average credit record.

That's it. if you have the above, you may get a payday loan in 1 hour without hassle.

Remember get your loan from a direct lender. In a direct lending company, there are no commissions for you to pay. In other words, you pay just what you need to. Nothing more! Of course, this means that, you will be able to manage your debt much more efficiently.

By the way a payday loan is a cash advance for a short term. It is typically meant to solve an emergency in the middle of a month. Sometimes, all of us feel the need for some extra cash in the middle of the month. We cannot really wait for the next payday. This is where the loan comes in. But remember, you have to repay back once you have received your salary or wage. Thus, those who seek this type of loan, always do so in a hurry. They are facing an emergency, and want the money as soon as they can get it. Payday loans in 1 hour are really wonderful news for all these people in an emergency.

Raina has done a lot of research in micro-financial products. She works as a freelance journalist and specializes in finance vertical. She also has a lot of interest in payday loans and personal finance industry and writes a lot about them. Currently she is writing for Payday Cash Loans 1 Hour.