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There are times when the most unexpected expenses pop up unexpectedly. It could be because of a bill that you need to pay or maybe an urgent car or home repair. No matter what the case
at times it becomes difficult to wait till the end of the month to meet the expenses. And getting a cash advance until payday can pose quite a problem. Even though you can always asks your friends or relatives to give you a cash advance until payday
but this can uncomfortably
to say the least.
In this case
you can either apply for bank loans or you can get no credit check payday loans. No credit check payday loans have gained immense popularity over the past few years and offer numerous advantages over getting a bank loan or taking advance till payday from a friend or a relative.

No credit check payday loans

Despite its popularity
there are many who don't quite know what cash until payday loan really is. Simply put
a payday loan is an unsecured loan that is extended to you in order to meet instant cash needs. In the case of these loans
all you need to do is fill up an online application form that requires you to give certain personal information followed by information regarding your job and your employer. The basic prerequisite for these loans is that you need to be a US citizen and should be over 18 years of age. Also you should be a salaried employee. The approval process for no credit check payday loans is rather simple and the minute you get an approval
the cash is deposited directly into your account. As a result it does not pose a problem to get an advance till payday to meet any emergencies.

A long term bank loan

In order to get a bank loan
usually
the approval process takes time. At the same time
the advantage with these loans is that you do not need to pay back the cash immediately. But looking at it from another perspective
this also implies that you end up paying higher fees and a higher interest than you would pay for an instant payday advance. And if you need the cash instantly
it does not help to take a long term loan. With a long drawn approval process
it would take time to get the money from these loans. As a result
if you need the cash to meet immediate expenses
these loans would be of no help. Also
in most cases when you apply for a long term loan
you would need to present relevant collateral.

So
before you decide to apply for a payday loan or a long term loan from a bank
consider the advantages and the limitations of both before finally taking a decision.