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From time to time I will be having people guest write on this blog. This will allow for different perspectives, especially for people in markets outside of the US that I normally do not cover. This will be our first guest article, from friends at Nationsfinance.co.uk.

Every one will sooner or later have need of emergency cash. It can often come at the most inconvenient times, too. This means that when you need the cash - you need it in a hurry. Here is how you can get that emergency cash you need from a payday loan - regardless of your credit score.

Payday loans, also called cash advances and other things, have not been around all that long - but many people have already had to use them at one time or another. The best part is that you can get one in most places you go. Some states may not allow them, or if they do, may limit the amount of cash you can get. For instance, some place the maximum amount of cash at $500, and will only permit an individual to have one loan at a time. Other states, however, permit up to about $1,500 loans and the possibility of having up to three payday loans out at one time.

Your credit score is not a problem to the payday loan lenders. It will not even be checked in most cases - simply look at their advertising to find out. While they do not care about your credit rating, they will want to know about your employment and income. You will need to have been employed at the same place in order to qualify, and you will need to be taking home more than $1,000 per month in income. Those on a fixed income may make less than this, but will also not be able to take out as much.

Besides your employment, you will need to have had a checking account open for at least two months. After any payday loans are approved, they will deposit your money directly into it, and will take the money out from it when it is due.

In order to get your loan in a hurry, you will need to be prepared to fax them a few documents. If required (many do not require it - but it means that it will usually take longer - called no fax), you will need to fax them copies of your recent pay stubs and possibly income tax reports or bank statements if you are self-employed. Faxing will enable you to get what you want - the cash - in about an hour.

Even though the payday loan lender will not check your credit score, they do have a system that they will check with, called Telecheck. This computerized system informs the payday loan industry about who currently has payday loans out - and how many. This serves as a protection for them.

The good thing, though, is that having no credit is not a problem with your getting a payday loan. You can still have your cash in about an hour. One restriction, though, is that the best time to apply for a loan is Monday through Thursday. Applying too late on Friday, however, may mean that you do not get your money until Tuesday. Be sure to shop around for your best results and lowest interest rates.

Original article from: Increase-Credit-Score.com

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