To get affordable loans in the future, you need good credit. If your credit is poor or you don’t have any credit history, establish your credit over time. Start by getting a small loan secured with cash (or try a secured credit card). Make all of your payments on time, and your credit will slowly improve. Payday loans (and certain other financing) offered to servicemembers and their dependents must include certain protections, under Federal law and a Department of Defense rule. For example, for payday loans offered after October 1, 2007, the military annual percentage rate cannot exceed 36%. Most fees and charges, with few exceptions, are. According to the Consumer Financial Protection Bureau, payday loans are short-term, high-cost loans for small amounts. Payday loans certainly aren’t the bargains of the personal finance world, but many people look at these loans as an easy fix for short-term cash flow issues. Apply for an online payday loan and get cash in less than 24 hrs No Credit Check, No faxing, Instant Approval, Bad credit OK! The APR on payday loans and cash advances is very high. When you get a payday loan or cash advance loan, the lender must tell you the APR and the cost of the loan in dollars. What is an APR? The annual percentage rate, or APR, is based on: the amount of money you borrow; To get a payday loan, you typically write a check for the amount you are borrowing, plus a fee. You might leave the check with the lender, and they cash it once you are ready to repay. If you can’t repay your payday loan when it comes due, you sometimes can roll it over so that the loan is extended. Our Payday Loan Process. A payday loan is a small dollar short-term advance used as an option to help a person with small, often unexpected expenses. Payday Loans are short-term in nature and not intended to be used long-term or for larger purchases like a home or a car. “The payday loan debt trap is a common experience for many payday loan borrowers, but there are ways that borrowers manage to climb out,” says Liana Molina, director of community engagement with California Reinvestment Coalition. Available in select states, our online payday loan application process is quick, easy and hassle free. Apply today to find out if you qualify. We offer online loans only in the states of California, Hawaii, Kansas and Louisiana at this time. How to Get Out of a Payday Loan. Wednesday, December 28, 2016. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.