Predatory Lending: Last Week Tonight with John Oliver (HBO)
Payday loans put a staggering amount of Americans in debt. They prey on the elderly and military service members. They're awful, and nearly impossible to ...
Payroll Advance Loans – Do I need a payday loan?
Payday loans are an accessible solution for those that have found themselves in a financial bind without access to other means to acquire cash quickly. If you’re in a position where you think you need a payday loan, answering the questions below could help you decide if this is the best decision for you.
How will I use the money?
Single pay loans should be used for emergency or required expenses. We recommend that customers aren’t using single pay loans to pay for expenses or items that are not urgent. Payday loans were created to help consumers out between paychecks, hence their name. This is another viable reason to use a payday loan; if you’re struggling to make it to your next paycheck and are concerned you will overdraft your account. You can get a payday loan to avoid the fee and pay it back once payday arrives.
For example, if your car breaks down and needs an urgent repair in order to run properly or you’ve had to make a sudden trip to the emergency room and can’t pay the fees out of pocket, these are both great reasons to utilize a single pay loan.
Qualifying for a payday loan or cash advance is extremely easy and in most cases there are no documents to fax! Upon approval, the funds you request will be directly deposited into your specified checking or savings account for maximum convenience.
What Employers Need to Know About Payroll Advances By Julie Tappero Recently a client told me his employee asked for a payroll advance, and my client wondered if that was a good idea for him to do.
Mypaydayloan.com encourages applicants to handle online payday loans responsibly, and we work to educate our clients about the best way to manage their loans. Review these consumer tips before applying for a payday cash advance to be sure you are making an informed decision.
Systems Services Payroll Advance . Welcome to the Systems Services Payroll Advance Interface. If you are an Employee and would like to request an advance on your payroll, simply login using your PayCard Number. If it is your first time logging in, your password will be the last four digits of your PayCard Number.
This Payroll Advance policy template is ready to be tailored to your company’s needs and should be considered a starting point for setting up your employment policies.. Policy brief & purpose. Our payroll advance policy describes our terms for advancing pay to our employees as an emergency short-term loan. Scope