National Payday

National Payday

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National Payday loans is one of the leading lenders for short-term and cash advance loans in the country. No other company provides the depth of financial products that National Payday offers. This well-conceived financial organization serves to help bring cash or "liquidity" to home budgets so that people can avoid delays in matters like bill payments, and bank penalties.

Cash advance is a lending mechanism that allows individuals to tap quick cash when they need it the most. People are sometimes tied up with a lot of expenses for a given month, and while the funds that they currently have can pay for the immediate expenses, some people are left short in cash when unexpected expenses occur. Cash advance is a solution to pay for these unexpected expenses if your payday does not come fast enough.

Cash Advance Loans

Cash advance loans from National Payday have several advantages. First, it is a no fax loan which means that you do not need a long paper trail for the cash advance to get approved. You can take out a loan by phone or from the website's online loan service. No-fax loans involve a much easier process both for the company and the borrower.

Another advantage of a cash advance from National Payday is that the company will not check your credit rating. This essentially allows anyone to take out a loan without being scrutinized by credit agencies. Cash advance loans are "last resort loans." If you have a low credit score and you cannot get a loan from traditional means, National Payday can accommodate you. No credit checks also mean faster loan processing. National Payday understands that time is of the essence and any delays may be very costly for you. Thus, the company works to release the funds immediately as long as the proper identification documents are verified.

National Payday also understands that quick solutions are always the best fix for any cash flow problem. The online loan facility is designed for clients who want to take out cash wherever they are. Once the loan is approved online, expect the money to be paid out the next day. Then, you have to check back to the website so that you know the due date for the loan. Whether you are in the middle of a busy schedule at work, or stuck at home, you can fill out an online form and get approved within minutes.

The online facility is also secure, powered by the latest encryption systems in the business. This layer of convenience and security are of the main reasons why people look at National Payday for their cash flow needs.

While cash advance loans are available in many localities, it takes time for people to get used to the idea of instant loans. If you are taking out a loan for the first time, you should know the basic rules and policies of the loan.

How Cash Advance Works

Online cash advance or payday loans are given by National Payday to the borrower through electronically deposited funds to your checking account. Once the loan is approved, your checking account will be credited with the amount of the loan that you requested on the next business day.

When the due date arrives, you do not have to go out to pay the loan. Instead the amount will be automatically deducted from your checking account. Due dates are commonly on the same day as your payday, hence the term payday loan. All transactions for these loans are done online.

The initial amount that first time borrowers can take out range from $100 to $400. Clients may take out up to $1000 in succeeding loans. The loan limit is based on state regulations. Borrowers must qualify for higher payday loans with the parameters set by state law if you want to loan a higher amount.

Free Payday Loans from National Payday Advance

The interest on a payday advance loan is 25%. This means that you have to pay a fee of $25 for a $100 loan. We can see that the interest in these kinds of loans is high, with sufficient reason. Payday advance are short-term, quick process, and high risk loans. These loans serve a purpose to get the money to the borrower when they need it the most.

National Payday offers free loans to first-time customers. Every new customer can avail a loan and they do not have to pay any interest as long as they pay by the due date. The free loan is only available for timely payments because the 25% interest will kick in a day after the due date. Payday loans are just one of the many options to borrow money and the advantages of a payday loan are speed, convenience, and no-fax, and a no credit check policy.

Requirements Needed for Payday Advance Loans

In order to qualify for a loan, you need to have a checking account that is open for at least a month. The record should not show any bounced checks. At the same time, you must be employed with a stable income of at least $1,000 per month. The lending branch will verify your employment. You must clear any outstanding loans from other cash advance lenders before you can qualify to borrow again.

The loan term lasts until the next payday which can be as long as 16 days. If you take salary twice a month, the due date is the immediate payday. In principle, the loan should not last more than 16 days after you started taking out the loan. The core purpose of payday advance is that it is a short term loan. Thus, it should be paid rapidly.

National Payday works from Monday to Friday at 9:00 AM EST to 5:00 PM EST. The company is closed on federal holidays. However, you can still apply for a payday loan or cash advance anytime. National Payday continues to serve families who need more flexibility in the short-run. The advantages of National Payday are all encompassing. Imagine having a free loan on your first try, with loan approval in minutes, no fax or credit check requirements, and automatic credit and debit for convenient transactions. All of these are critical so that households can make the most use of their short term loans.

To know more about the services of National Payday, you can visit their website at For technical support, you can read their wide range of articles and resources or you can call 1-866-513-0374. You can also use their contact form at It is best that you read their FAQ section first and other articles related to your inquiry before you contact them.