Payday Loan - Home Page
As the name might have already suggested you, early payday loan is a loan provided to an individual as an 'early' paycheck, or in other words, it is your salary before its due date.
Early payday loan can be used for practically any purpose including paying your credit card dues, your car insurance, repair bill of your house's heating system, meeting a social obligation, etc. Some smart individuals even view this as a facility to borrow money to invest in more profitable avenues. However, what you need to keep in mind is that the loan amount that can be borrowed is typically one that is comparable to your one month's (or fifteen days) salary. It implies that using early payday loan, you can fulfil only those requirements which are comparable to your salary.
In the event of dire necessity, you may like to take more than one early payday loan by availing such loans from more than one loan companies, but beware that this may land you in trouble since on your next payday both companies would be expecting repayment of the loan they had provided you.
On the other hand getting more than one early payday loan is quite feasible in case you are availing the second when first has been paid off. Even if you are taking loans back to back, it is much more feasible than taking two parallel early payday loans.
Apart from early, 'easy' is the only word that can be associated with an early payday loan. It is called easy because application process for such loans is quite simple, application approval criteria is least stringent with not even a credit check required and loan disbursal as well as payback mechanism is utmost convenient. The only necessity for availing this loan is that you should be employed at the time of applying the loan. The more high paying your job is the more loan amount you can avail. Owing to these features of early payday loan, it is often called easy application payday loan or still more easily just easy payday loan.
One last point related to this topic is that it is worthwhile to note that like most payday loans early payday loan also command a reasonably high rate of interest. Owing to this reason, you need to be judicious enough to use the facility of early payday loan.