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Payday loans or cash advances against your paycheck are a very expensive way to finance your spending habits. The rules to get a payday loan differ from lender to lender, but some of the minimum requirements are:

	You have to own an active checking or savings account and it has to be at least three (3) months old.
	No starter checks (the checks which do not have your name and details on it, which the bank issues when you just open an account)
	You have to have held your current job for at least three (3) months.
	Your Net after-tax and deductions pay has to be at least $1000 per month (about $220 per week) or $600 per month if you receive government funds.
	Direct deposit of your wages have to be done for at least three (3) months into the same account.
	You must be able to receive calls at work.
	You must have access to a fax machine ( not all lenders require that, but fax facilities are easily available for instance at Kinko's) Some services do no longer require fax access.
	You must not be a temporary employee.

Ways to avoid having to take out a Pay Day Loan

These types of loans are not right for all situations. Before getting such a loan, you should look into all of your options. Here are some alternatives to consider, before getting a payday loan:

	Call the company that sent you a bill and request an extension or work out a payment plan
	Cut other expenses such as dining out or other entertainment
	Borrow money from your employer, a friend, or family member
	Check into emergency assistance programs in your church or community
	Get an advance from your credit card or bank (make sure you fully understand all of the fees that may apply)

These options may be less costly options than a payday loan. However, if these options aren't available, then make sure you find the lowest cost payday loan possible. Don't get fooled by low "teaser" and "introductory rates" that double or triple a few days after you have taken out the loan.

The Costs of Pay Day Loans (USA)

"Pay Day Loan offices" outfits, lend you money until the next Pay-Day. The costs for a US$ 500.00 payday loan for 15 days varies by state of residence but can be up to $150.00 (starting usually at $17.50 per $100 you borrow for 10 days). In other words simple interest is equivalent to an APR between 450% and 730% per annum or more, depending on the state. If you want to get the loan the same day you apply, you will pay, in most instances, $10 for that privilege.

On-Line Pay Day Loan Companies

The market for short term pay-day loans is regulated by the individual States. Some States do not allow these types of loans and some operators (they have to be licensed by each state) do not provide their service in some states. It is therefore important that you check, whether the company you want to obtain a loan from, operates in your state of residence. You should also be aware that the maximum amount for pay-day-loans varies from state to state!

CashNetUSA.com Cash Next Business Day!	For a first time borrower, you can get up to $700.00 in a loan (depending on the information you give and your State of residence). To be considered for a loan you have to Have an active checking account Have been employed for at least one month Must be a US citizen or permanent resident Must be at least 18 years of age The loan agreement will be governed by the applicable laws of your state of residence. Questions or complaints should be directed to your state's regulatory agency.
PayDayOne.com Online PayDay Loan.	Loans are normally available within 24 hours of the application. As a minimum the applicant for a loan needs an email address, active checking account, and a job or regular source of income. You must also be at least 18 years old and a US citizen.
onlinecash911.com Have an Emergency and Need Cash? Onlinecash911 can help. Fast Approval with no Upfront Fees.	onlinecash911.com is not a lender or a broker and does not make cash advances or credit decisions. They provide a service to match applicants with lenders based on their online application. Their website does not constitute an offer or solicitation to lend. The site will match you with a cash advance lender based on the information you provided in the application. However, there is no guarantee that you will be approved for a cash advance.
cashcentral.com Cash Central: A Higher Standard in Payday Lending.	cashcentral.com requires you to have the following, at a minimum, for your application to be accepted: You have been employed three months or longer. Take home a minimum of $1,000 monthly (after taxes). Valid checking account in your name. Current (and valid) home and work telephone numbers. U.S. Citizen and be over 18 The APR (annual percentage rate) and fees for a payday loan vary by state and can be viewed here
safeonlinecash.com Need Cash? Get up to $1000 over night!	safeonlinecash.com qualifies you if you: Currently have a job (or receive regular income) Make at least $800 per month Are 18 years of age or older and a U.S. citizen Have a checking account Other requirements may apply Even bankruptcy, bounced checks, charge-off's and other credit hassles don't prevent you from getting the cash advance you need!

Need some cash fast? securemoneystore.com Need some cash fast? $1000 in your bank account in 24 hours!	securemoneystore.com is not a lender or a broker and does not make cash advances or credit decisions. They provide a service to match applicants with lenders based on their online application. Their website does not constitute an offer or solicitation to lend. The site will match you with a cash advance lender based on the information you provided in the application. However, there is no guarantee that you will be approved for a cash advance. By filling out the 2-minute application you could qualify for a cash advance for up to $500.00! In order to complete your loan and get your cash to you, you MUST confirm your loan details. You will receive an email with your Customer Service username and password. Click on the "confirm" link in the email to complete the application process.
Magic Payday! - Click Here! $1000 Cash Now!	MagicPayday.com is not a lender or a broker and does not make cash advances or credit decisions. They provide a service to match applicants with lenders based on their online application. Their website does not constitute an offer or solicitation to lend. The site will match you with a cash advance lender based on the information you provided in the application. However, there is no guarantee that you will be approved for a cash advance.
checkcity.com Get up to 1500.00 TODAY !!	checkcity.com is licensed in each state where it operates and is the direct lender of your loan (with the exception of Texas where as a Credit Service Organization, we service your loan through an affiliated short-term loan provider).
abacusmortgageloans.com You're Approved! For unsecured Personal Loans or Unsecured Visa Card - Bad Credit Approved! Click Here	abacusmortgageloans.com specializes in clients with poor credit histories. They also act as an intermediary for payday loans ()$500 to $1500) for a variety of payday loan providers.

Pay Day Loan and Short Term Credit in Europe (not available to US Residents)

Legal Pay-Day-Loans, the way they are known in the USA, exists in Europe only in the UK and Ireland. The interest rates there are even higher than in the USA and an APR of over 1,700 % is not unusual. Obviously there exists an underground market of unscrupulous loan sharks, in the same way they exist here in the USA. But, the legal side of that short term loan market is far better regulated than here in the USA.

In the rest of Western Europe, "Small Credit Banks" charging fairly normal interest rates (Annual Percentage Rates- APR's) of between 5 and 10% are more common. By American standards, they offer normal banking terms without the excessive "late payment" and similar fees.. An example from Germany is shown below. Most West European Countries have strict usury laws that prohibit charging excessive interest rates. Other factors, such as your place of residence being registered at an inhabitants control office, and you are therefore easy to locate, make "skipping a loan" almost impossible. Hence the default rate is much lower than here in the USA.

1x1kredit.de Schufafreie Sofortkredite ohne Sicherheiten - hier!	Residents of Germany only! Credits from Euro 3,500 to 80,000 for residents of Germany only (not for US military based in Germany!). The size of the loan depends on income. The interest rate (APR) is around 4.99% and repayment is from 20 monthly installments to 20 years. Site is only in German!
Payday Express Need Cash Fast? Paydayexpress will help! - UK Only	United Kingdom Residents only! To qualify you have to be employed and have a debit card for the account your wages are paid into. you Fill in the online application form and continue through the electronic process. In order to be able to approve your cash advance loan as fast as possible online we will carry out a credit check (UK Only). You will be asked to accept the terms and conditions of this credit check in order to proceed to the final application step. However, even if you have debt and/or poor credit we may still offer you a cash advance – so don’t be put off by the credit check. After you have been approved for a payday advance you will need to electronically sign an Electronic Credit Agreement by simply filling in your name and today’s date.
PaydayUK Payday Loans up to £500	United Kingdom or Canadian Residents only! You can apply for any amount between £80 and £500. Your repayment will be taken on your next payday - or will be split over your next 3 paydays if you are weekly paid. In order to be approved you will need to be full-time employed in the United Kingdom and have your salary paid into a bank account with a debit card
paydaybank.co.uk - UK Only Payday Loans - Apply & Spend £750 Today!	United Kingdom Residents only! Apply for any amount between £80 and £750. There are no hidden or administrative costs: for every £80 you borrow you pay £20. The calculated APR% on a 30 day loan depends on the duration of your loan but can be up to 1355% and will be presented to you when you apply.