Seen that dream bargain and need to get a payday loan?

It may be that you’d really like to get a payday loan as it would help you snap up that dream bargain such as a cheap holiday.

Yet the thought of applying for a fast payday loan may fill you with dread. Images of lots of application questions, extended delays and probing intrusive questions about your credit history may all come to mind.

However, none of those things typically apply to a payday loan application. Why not?

Payday loans are different

A payday loan is typically for a modest sum of money intended to get you through a temporary shortfall of funds in a given month. It’s typically paid back, together with the previously agreed interest charges and any other fees, in one go when you next get paid.

The lender will typically debit your bank account and the loan is then over and done with.

This gives a payday loan two defining characteristics – 1) it is very short-term with no lengthy set of repayments going on over months or years, 2) the amounts involved are typically relatively small – in the low hundreds of pounds.

This in turn means that for lenders, typically a payday loan may be a lower risk than some other forms of loan advances.

As a result, they have simplified and streamlined the application processes meaning you’ll get a fast decision.

Even better, as the risk profile is lower, they’ll typically only perform a relatively quick credit check. That could be beneficial for you if you have some problems in your credit history.


If your application is approved and you get a payday loan, it could be in your bank within a few hours or by the following day (perhaps a little longer at weekends).

The good news is that you don’t even have to do anything special about remembering to pay it back.

Typically, one of the relatively few conditions of such a loan is that you have a bank account and bank debit card. That’s needed initially to send the loan to. That account is also used when the loan is due for repayment. The lender simply places a debit against it for the total amount you’ve previously agreed.

So, to get a payday loan can be fast and easy!

What are the best payday loans?

Inevitably, the question of which are the best payday loans, rarely results in a definite answer. The reason for that is simple – you are an individual.

What’s best for you and your set of circumstances may not be what’s best for someone else and an entirely different set of conditions. In fact, what’s best for you personally may vary just depending upon your exact specific circumstances at the time you need a loan.

There are though, some variables that may hold true in many situations (a fast payday loan may sometimes work out cheaper than using an unauthorised bank overdraft,
payday loans typically are very quickly available (perhaps in as little as a few hours if your bank can accept immediate transfers) once the loan has been approved, given the typically smaller loan amounts, a payday loan may be approved in cases where a conventional loan may not (eg. if there are some types of credit history issues), as it is paid back in one lump sum (including charges), this type of loan may reduce the risks of getting into unserviceable debt arrears).
The best payday loans for you may offer many of these above advantages as well as others.

Getting an advance may also be relatively easy. Typically the application process only needs to know that you’re (in employment that can be confirmed and verified, earning a regular salary or wage, living at a USA address, over 18 and seeking an amount that is not excessive when measured against your income level, in possession of a bank account and bank debit card).
A payday loan may be considered to be very useful if you have urgent need of a financial injection in advance of your next payday. In that situation, its speed and flexibility may prove to be very convenient.

What it is typically not seen as being suitable for are uses including (regular monthly loans if your regular income is insufficient to meet your normal outgoings, very large loans for major item purchases, repayments of existing monthly debts commitments).
Deciding what are the best payday loans for you requires that you think through your requirements and personal situation carefully in advance.

1 hour payday loans – are they possible?

Payday loans may be a way of getting your hands on cash – and fast. A sort of cash advance on your next pay day, a payday loan, once approved, can be in your bank account very quickly. Yet are 1 hour payday loans really possible?

The process

If you need a fast payday loan for something such as an unexpected domestic emergency or bill, you’ll obviously have to make an application.

That’s typically done online through the site of a specialist provider of payday loans.

As this form of loan is typically for smaller amounts (around $100-5000 but this varies depending on your payday loan company) that are repaid in full when you next get paid, some providers may perform only a reduced credit history check. That may mean not only that you can obtain a loan even if you have some credit blemishes on your record, but also that it may take less time.

A decision on your application will typically be taken very quickly indeed and if successful, the funds made ready for transmission.

Your bank or card

All the above can happen very quickly but then things leave the domain of the loan provider and the timescales start to depend on your bank.

You can ask the loan provider to send the loan to your bank, which may or may not be able to accept instant inbound transfers – if it can’t then the money will typically be in your account the following day;

It’s also worth noting that weekends and bank holidays may increase the amount of time required for the money to appear in your bank account.

1 hour payday loans

So, how quickly could a fast payday loan make funds available to you?

The answer is – very quickly but an hour couldn’t be guaranteed. And while some providers promise that you can receive your funds within two hours of a successful application, asking for 1 hour payday loans might be a little optimistic – though it may not take a huge amount longer than that!

Using same day payday loans

Why may same day payday loans come in handy? The possibilities are almost endless!

Taking opportunities

Imagine the scene. Your holidays are coming up in a few weeks time and suddenly in a shop you see a special two-day sale of swim and beachwear and there are bargains galore.

Looks like a great time to strike – except that unfortunately you’re still two weeks away from payday and don’t have any spare cash!

OK, you could put it on a credit card if you have one, but perhaps you’re currently trying to avoid long-term repayment commitments.

This is where same day payday loans could come to the rescue!

How it works

You would make a simple online application. You’d receive a very fast decision and assuming the request was approved, the money would be sent almost immediately to your bank.

Even if your bank can’t accept the money immediately, it may typically arrive the following day. That should still allow you the opportunity to snap up those bargains and get ready to look your best on the beach!

Unpleasant surprises

Of course, not all urgent needs for a cash injection are for quite such pleasant purposes.

Perhaps, for example, you’ve also just received an entirely unexpected bill that has to be paid immediately. That may be problematic if you’ve just, say, spent the last of your spare cash for the month on that swimwear mentioned above.

A payday loan, once approved, can be used for any purpose you wish. In this case, it may enable you to deal with that bill immediately. All you then have to do is repay the loan on your next payday and it’s all done.