Is A Ten Dollar ($10) Payday Loan For You?
What Is A Ten Dollar ($10) Pay Day Loan
A ten dollar payday loan works the same as any other payday loans except for every $100 you borrow, you pay $10. A ten dollar pay day loan is usually a short-term cash loan that you can take out in times of emergencies for about 2 weeks to one month. So in this respect, it is a little more like an emergency cash loan, rather than a regular pay day loan. For those who get paid once a month, the ten dollar pay day loan is a great option when you need fast cash for emergencies or to get caught up on bill or rent.
If for some reason you cannot pay your ten dollar payday loan back within the one month period, you can always extend it by working that out with the lender. Ten dollar payday lenders are usually flexible when it comes to granting extensions on their payday loans.
How Do I Apply For A Ten Dollar Pay Day Or Emergency Cash Loan?
Qualifying for a ten dollar pay day loan is usually quite easy. You just have to make sure you have a checking account, a stable job and that you are over 18 years old. Afterall, the pay day lenders need to make sure that you can pay them back after they lend you this emergency cash. A stable job is a definite requirement or a stable source of income since many people are also self employed or work from home. As long as you have a stable source of income of usually over $800 monthly you should be able to get the emergency cash you need. If you are self employed, you have to prove an income of at least $1000 monthly.
Even though you can get ten dollar payday loans with bad credit, make sure you try to clean up your credit history if you can be getting rid of old adverse reporting that should have come of your credit report. Fill out a dispute form if necessary if you have time to do this before applying for an emergency cash loan.
How do Most Ten Dollar Pay Day Loans Work?
Usually, for a ten dollar pay day loan, you can apply for $100 to $1000 to take care of you financial emergency. If you borrow $100, you pay back $110. If you borrow $1000, then you pay back $1100. The ten dollar payday loan is also a great option for Christians and Muslims who have strict religious beliefs about usury. The interest on this is not variable, is stays the same so it's not a gamble of any sort. You know exactly how much you pay back.
When you apply for the ten dollar payday loan, cash usually get deposited in your account within one hour. Here are some other features you may consider:
1. Cash Loan of up to $1000
2. Most loans have instant approval
3. There are usually no credit checks-so you don't have to worry if you have bad credit
4. Payday loans deposited directly to your bank account
5. Have emergency cash loan immediately to tend to financial issues
6. All is done quickly and online
You can also try any of these other Payday and Emergency Cash Resources
So You can get the emergency cash you need almost immediately with a ten dollar pay day cash advance. The interest is set, so you know exactly what you will have to pay back. You have to have a checking account that is set up to receive direct deposits and you have to have a stable source of income of at least $1000 monthly. If you don't meet all these requirements, you can try to apply anyway, it is ultimately up to the lender to review your situation and decide if they will lend to you.
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