Everything you Need to Know About Payday Loans Online payday loans are one of the easiest and most uncomplicated ways for you to barrow money from someone without being stuck in the embarrassing situation of people you know running into you or seeing you at a mortgage company or office. Another one of the numerous advantages of online payday loans is that all of the necessary paperwork and forms need to be filled out just once, before you get your loan, and can then be submitted online. When it comes to loan approvals, some companies process the paperwork the same day that it is turned in, while other companies can take up to a week to sort through it all. An extremely good piece of advice to remember when you are dealing with payday loans, is to submit your application at least three days before you need the money, preferably more, rather than the day of. This will help ensure that you get your loan in time. The Process of Receiving a Payday Loan Just because you are submitting an application online for a payday loan does not guarantee that you will actually be receiving one. After your payday application and paperwork have been submitted and approved by the company, you will most likely then be able to login into the company's website in order to fill out a request form for your loan. In the event that you are in the situation where you can't currently afford to pay back your payday loan, most loan lenders supply the option of getting an extension which permits you approximately 15 days or more to pay back the full sum of your loan. Usually, you can request and apply for as many as three extensions for one loan. Every single extension that you request for will cost you a sum of 25 to 50 dollars. The price depends on not only the lender, but also the amount of money that your loan was for, and how much you still have to pay off. Many payday loan lender provide loans that do not require a credit check, while other lenders insist on performing a credit history check before granting loans of any size or amount to any person. But, always make sure to keep in mind that the loans that do not require credit checks still have people thoroughly check your reference information and data. They almost always confirm all of your reference information by contacting your family and friends that you have supplied as contacts, and also by contacting your current employer, and requesting from them copies of your last three pay checks. Also, always make sure that you have some utility bill receipts on hand, mainly due to the fact that they will request copies of them to confirm your home address. Reasons to be Wary But, even though fast cash advance loan , or payday loans, do have their advantages, keep in mind that they are not for everybody. Additional payday loan costs can in the end prove to be very expensive, thus making them frequently not worth the cost. Never take out a payday loan unless you can repay it and if it is absolutely necessary, and only ever use it as a last resort tactic. .