There is still a week to go before your salary arrives and you have spent a major chunk of your salary already on all the various expenses. And just then your car breaks down! How do you plan to deal with this now? For most of this, this is the perfect situation to get ourselves a nervous breakdown at the most, and a headache at the minimum.

What you need therefore is help that can get to you instantly and without any hassle. And such a help is only available in the form of payday loans. Payday Loans or cash advances are loans that can be drawn out via a Payday Lender company. A Payday Loan is a small loan that is taken out against your upcoming salary and can be anywhere from $50 to $1500 and can be drawn out for a period of 1 to 30 days.

Finding a lender company is the easiest of tasks ever, since there are more than 10,000 Payday outlets in the US alone, which provide you their services, not only in person, but also on phone and online. You can always find a company through either a Google search, or you can check the local Business Bureau ratings to find a company which is genuine and has good accreditation as well.

To get a payday loans, you need to provide information regarding your employment and your salary, besides your name and address. To be eligible for the loan however, you need to proof that you have been employed for a period of 3 months minimum and have a salary of almost $1000. You also need to be 18 years of age and a citizen of the USA, with a valid bank account.

To finalize the process, you need to provide the company with a post dated check for a date after your salary has arrived, thus ensuring the paying back of the loan. The company that you apply with would apply a small processing fee on the loan, as well as an interest markup on the principal amount. Once you have applied for the loan, it will be only a matter of few hours before you have the loan that you need in your checking account.

If however, for some reasons you are unable to pay your loan back within the next month, you can always get a rollover, or in other words you can always extend the loan for another month. However the interest rate on the loan would also be multiplied for the loan, and if you continue with the trend, then chances are that it can get larger than the principal amount as well. Therefore, when you apply for the loan make sure that you have already budgeted the next month so as to be able to pay the loan off easily.

With a payday loans, you never have to worry about your credit history, especially if it is bad, since it plays no role in having your loan application approved or rejected. Plus, since no tedious amount of verification is needed, therefore the entire process is also fast. So, instead of opting for a headache or a nervous breakdown, think of Payday Loans and what they can for you!