With more and more payday loan companies offering online cash advances, payday loan companies are offering more competitive rates. Trustworthy payday loan companies will post their rates on their website, which makes comparison shopping easy. While you are looking at rates, be sure to check payment options to guarantee they best meet your needs.

Cash advance companies have moved their application process online so you can get an approval within an hour. You simply supply your contact information, job history, and checking account number that you wish to have the cash advance deposited to. You can submit your application at anytime. Once you have submitted the information, you will receive an approval notice usually in less than 5 minutes.

You don't have to fax any check stubs or forms – the whole process is paperless. Cash advance companies do not ask about your credit history or other loans. They simply require you to have a steady income or working at a job for at least 90 days.

Once your cash advance has been approved, your money will be electronically deposited to your checking account overnight. You don't have to wait for a check to process or take a trip to your bank. Most loans are approved for between $500 and $1000.

Payments are also handled online. By default most cash advance companies will debit your finance charges from your checking account each due date. However, you can also arrange to have part or all of your loan's principal paid. You don't have to worry about mailing in loan payments since it is processed electronically.

Reputable payday loan companies will answer your questions through their website or by through a company representative. Basic information such as rates and payment options typically can be found on a FAQs or similar page. For more detailed information, you can contact these companies through email, fax, or phone.