Online payday loans are a great option to recover from financial emergencies. However, before requesting for payday loans online, you should be aware of the requirements and regulations.

Payday Loans Are Banned in My State, Can I Still Get a Payday Loan?

You cannot request for a payday loan if it is banned in your state. For being qualified for an online loan, you must prove that your permanent residence is in a state where payday loans are legal.

Do I Need an Active Bank Account to Get a Payday Loan?

An active checking account is required to request and get a payday loan.

Must I Pay My Payday Loan Back All at Once?

Payday loans provide you a flexible repayment period. You can either repay these loans in a lump sum at your next pay date or request your lender to offer you an installment plan to repay your loan amount.

Learn More here: Answers to the Frequently Asked Questions About Payday Loans

Author's Bio: 

Kimmy Burgess is the Manager of Cash in a Snap, which helps clients get connected to its large network of reputed lenders to get a no fax payday cash advance when they need it. Kimmy has over 20+ years' experience in Administrative Management, with many years in the lending industry. Her expertise includes customer service, client services and other functions in the payday lending business.