The 4 Step Process for Securing a Check Advance Loan

The 4 Step Process for Securing a Check Advance Loan

People are often warned against using check advances, but when used responsibly, these micro-loans can really help you get through some difficult times. However, as with any loan program, there is a process you have to go through, but thankfully, the process for acquiring payday loans is straightforward.

1. Apply

When looking into a check advance mississippi you will most likely find that there are two ways of applying with almost all service providers. First, you can apply in-person, which also means that you may be able to get your money at the same time. Next, you can apply online, which means that funds will likely be transferred into your bank account the following business day.

2. Sign the Agreement

Once you fill in your application for the payday loan, you will need to agree to the terms of the loan by signing the agreement. As this is a contract, you would be wise to read through it and make sure that you understand all of your obligations. If you have any questions, be sure to ask them before signing and receiving the money.

3. Receive Funds

Next, after the application has been filled out and you have signed all of the necessary paperwork, you will receive the funds. Depending on how you applied for the loan, you may get the money the same day or the following business day.

4. Repay Your Loan

Last, you will repay your loan. The repayment schedule depends on the loan servicer as well as your payday schedule. Some services make loans for 30 days regardless of when you get paid, and others offer loans for how your pay is dispersed, meaning that if you are paid every two weeks, then your loan will need to be paid the same.

Check advance loan providers are not the boogeymen that so many people make them out to be. These businesses provide a service for an underserved consumer. If you need immediate financial assistance, then reach out to a check advance lender and apply.