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Grand Junction Cash Advance LoansOnce completed, the application is forwarded to the Grand Junction Cash Advance Loans lender for review. If the applicant meets the minimum requirements they will be notified (typically via email) that they are approved. The payday lender determines the amount of the payday loan, usually between $100 and $500. The amount of the approved payday loan depends on several criteria, usually monthly income, direct deposit, length at residence and job, availability of bank statements and paycheck stubs, number of outstanding NSF's and other Grand Junction Cash Advance Loans. Repeat customers with an online payday loans lender are more likely to receive larger loan amounts than first time applicants.Currently, fees charged on Grand Junction Cash Advance Loans range from $15 to $30 on each $100 advanced. The cost of getting payday loans should be viewed as a service charge. According to market research, banks and merchants charge an average non-sufficient funds fee of $24 per check. Credit card companies impose an average late fee of $26, while auto finance companies charge $23. In contrast, the average finance charge on a Grand Junction Cash Advance Loans is about $18 per $100 borrowed.Grand Junction Cash Advance Loans loans are repaid in the same way they are received – by an electronic ACH transaction. On your next payday the loan amount and fees are automatically deducted from your account. If you require an extension or would like to rollover the loan for another pay period, simply contact the lender 48 hours before the loan amount is due. |
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