If you find that you are short on cash but you need it because an unexpected expense has come up, you might want to think about a 1 hour payday loan. These same day payday loans are very easy to get and will provide you with all of the cash that you need quickly and relatively easily. Even if you have bad credit or very limited credit you will be able to get these loans as long as you have a job.

Wondering what the catch is or what you have to do to get such a loan? There is no catch. It is a really simple process. With these loans your job is your credit, so as long as you have a job you can get one of these loans. The loans are based on your income and your ability to repay the borrowed amount on your next payday loan, so there is no need to do a credit check.

1 hour payday loan will just require a few crucial pieces of information to be approved and get cash in your hand. You will need to have your most recent pay stub, your most recent bank statement and proof of residence usually in the form of a utility bill, a valid ID and a checkbook. If you have all of these things you simply visit the loan provider and fill out an application. They will review all of your information and will be able to lend you an amount of money usually $500 or less, based on your income.

To walk away with the cash in hand you will need to provide the 1 hour payday loan provider with a check in the amount of the loan as well as any interest that you will accrue during the period of the loan. This will not be cashed but is held as collateral so that you will be sure to come back and pay off the loan. You’ll post date the check for the date that the loan is due. This is just so that the lender has some recourse in the event that someone does not pay. If you come in and pay your loan off, they’ll return the checks to you.

1 hour payday loan really can be a life saver. If the car breaks down, your child breaks a leg and needs medical care or your plumbing needs to be repaired you need funds and you need them now. When you know that you can get the funds that you need to help tide you over until payday, there is a lot less stress and you’ll find that you are able to focus on taking care of the situation much better than you were when you were wondering where you would get the funds from.

It’s very important that consumers remember that 1 hour payday loan is convenient but it is not meant to be long term loan. The interest rates associated with these loans is very high and if the loan is needed for longer periods of time it would be more economical to seek out traditional loans.