It does not matter what customers call it, a payday loan, paycheck loan, instant cash loan, or cash advance, PaycheckToday is the #1 option for customers to get a cash advance. Customers can receive up to $1,000 in as little as 24 hours, and they do not have to fax anything to get the cash advance. Once they are approved their cash advance loan will be directly deposited into their bank account. How easy is that? When the cash advance loan is due the finance charge will automatically be deducted from the customer's checking account. The cost to receive a payday loan from PaycheckToday is $30/$100 borrowed for a 14-day period, which is 782.14% APR.

The online application for receiving a cash advance from PaycheckToday is both confidential and quick. Customers can get pre approved in as little as 30 seconds! All they have to do is give PaycheckToday some personal information about their income and their checking account information. Customers can be qualified to receive up to $1,000 based on the application they give. PaycheckToday also allows for monthly loans for individuals that receive social security or other types of benefit income. But to qualify for this customers have to make a gross monthly income of at least $1,500.

Getting the cash to customers could not be any easier. When the cash advance loan from PaycheckToday has been approved customers will see the funds in their checking account the following business day. There are three payment options that PaycheckToday offers. Customers can only pay the finance charge, they can pay the finance charge as well as the payment towards the amount of the cash advance loan, or they can pay the full balance of the loan.

There is also an automatic renewal payment program that PaycheckToday offers, which allows for the loan to be automatically renewed up to four times. If, by the 5th (or any time afterwards) date to pay a customer fails to repay their loan, PaycheckToday will automatically debit the fee for financing and a Principal Payment of $50. This will be a down payment on the balance of the loan and therefore lessen the next finance fee.

Residents of the states of Kansas, Georgia, or New Mexico, Illinois, California, West Virginia, and New Jersey cannot receive cash advance loans from PaycheckToday.

Disclaimer: Information pertaining to fee and account may not reflect the current fee and various APY details of a certain lender of payday loans. The amount of money that is loaned, the outstanding days of the loan, and the State that the borrower resides in can have an effect on the rates. Customers should check the details when they speak with a particular payday loan lender.