Same Day Payday Loans-Is It Really Possible To Get The Money On Very Same Day?

Is it actually possible to get a same day payday loan? Yes it is but only if you consider a day to be the full length of its 24 hours. It is very difficult to get a same day payday loan that pays the same morning, afternoon or evening as the day you ordered it on. Usually you have to wait the full twenty-four hours before the money is deposited into your account by the lender through same day payday loans.

How do so many payday loan companies, both online and offline, get away with this type of false advertising? The key is that technically 24 hours is how we do legally define a full day.

When you apply for a same day payday loan the bulk of your day is often spent waiting by a fax machine or by your telephone for the loan to be approved. No loan goes forward without approval, no matter how much in a hurry you are to get the money and no matter what a payday loan website's advertising copy promises you.

Sometimes the approval of the loan itself can be very time consuming. It means sending a void check plus your ID through a fax machine to the payday loan company. This often means xeroxing your ID first which can mean a trip out of your home. In this case you might as well just go to the payday loan place that is at the closest proximity to you if the point is to save time by not leaving your home!

Same day pay day loans cash may still ask to phone your employer to see if you have a job. This is their way of confirming that you do have a job and that your paycheck will cover the amount of money that you are eligible to be advanced by the company.