A payday advance is your opportunity to borrow up to $1500 until the date of your next payday. This is obviously a very short term and is designed to help you with any short-term financial problems you may have encountered. You will need to repay the full value of the money you borrowed and the associated interest charges when your next payday arrives but a number of companies who offer the payday cash advance will allow you to extend the period of the loan.

In some cases this will happen automatically on the date of your payday unless you indicate that you want to repay the entire loan. If you do extend the period of your cash advance payday loan then you will still need to pay back the interest charge on the agreed date, but you will be able to roll the repayment of the capital over until your next payday. Obviously this will accrue further charges and if possible you should pay a portion of the loan off in order to at least reduce these extra charges as far as possible.

In order to qualify for a payday advance loan you only need to show that you have a regular income and an active bank account. In many cases these facts can be verified online by the lender and this means you will not even have to fax any documents in order to complete your application. This makes the application process for a fast payday advance extremely quick. Filling in the application form itself will take little longer than ten minutes and to be accepted for your loan should not take any longer than a further twenty minutes. Once you have been accepted it will be less than 24 hours before the money is available in your bank account so you can spend it or use it however you like.

There are a large number of companies that offer payday advance services and determining the best company to use is dependent on your requirements. It is important to consider what you need before you start to shop around in order that you can get prices for exactly the same sized loan over the same period. This is the only way you can hope to compare the prices on a like for like basis and subsequently find out which of the loan companies has the most ideal loan that is suited to your needs. Once you have done this you will be in a position to confidently apply for the easy payday advance that you need knowing that you have sourced the best deal available for your requirements.