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from: Cheap Payday Loans - Find An Affordable Low Fee Cash Advance Loan

Cheap Payday Loans - Find An Affordable Low Fee Cash Advance Loan
By Sharon Listner

Payday loans carry higher interest rates than traditional personal loan because the payday loan lender takes a risk by offering as much as $1500 with no credit check, no faxing, no teletrack and no documentation in 1 hour to 24 hours.

No traditional bank is going to offer an unsecured personal loan to you, regardless of your credit score and in such a short period of time. If you need a cheap emergency payday loan, your best bet is to comparison shop amongst various payday loan lenders. The internet makes loan shopping easy and convenient. Your research should not be time consuming. Most payday loan lenders have online websites that include information about their loan features and their fees.

There is truly no such thing as a really cheap payday loan but you can get a cheaper payday loan. The average payday loan with a repayment period of 7 days to 14 days will cost about $18 to $20 for every $100 dollar cash advance. A cheaper payday loan lender can offer the same loan at about $10 per $100 dollar loan. The savings may be worth it to you or not - depending on your priorities:

1. How fast do you need the cash (1 hour, 24 hours)?

2. Do you have a good credit score so that you don't need a no credit check payday loan lender?

3. Can you fax documents - paystubs, bank statements, identification, etc to the lender?

In reality, most consumers prefer paying the average payday loan fee so that they can get their cash with no credit checks, no faxing, no documentation and no teletrack requirements in 1 hour to 24 hours instead of paying a slightly lower rate and suffering through a waiting period for the cash that they desperately need.

Research recommended payday loan companies at payday loan resource guide: http://www.paydayloanassist.com The lenders listed offer no credit check, no fax, no documentation, no teletrack payday loans in 1 hour to 24 hours.

Sharon Listner writes about finances and conducts in-depth analysis on various consumer loan products.

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	This is a good payday loan source with a low guarantee. Only $10 per $100 borrowed. You can receive up to $500 into your bank account by tomorrow. This site comes with excellent customer service, with receiving a 96% satisfaction customer rating. No fax. Go to the site...
A payday loan is a small unsecured loan, usually for $50 to $1,500, which is designed to meet your financial needs until your next payday. Essentially, you are making out a check for the advanced loan amount, plus a fee, to be held until your next payday, whenever that would be. Whether to get presents or pay a bill.