Do you need fast cash to get your car fixed so you can drive it to work tomorrow? Is that computer you want on sale till Friday, but you're $100 short - and payday is Tuesday? If you need cash for something NOW and know that you'll be able to repay it in full on your next payday, then a payday cash loan may be just what you need to get you through.

What are payday cash loans?

Payday cash loans are one of the fastest growing segments of the financial industry. The current financial climate means that more and more people are living from paycheck to paycheck with little savings. When an emergency happens, and they need immediate cash, they have no cash cushion or savings to borrow against. Enter the new world of fast payday cash loans.

Payday cash loans are small, short-term personal loans that are extended with no collateral or security deposits. This differentiates them from pawn shop loans, which require that a borrower secure a loan of cash with an item of equal or greater value.

What do I need to get a payday cash loan?

Generally, payday cash lenders perform no credit check - so bad credit is okay. Some guarantee their repayment by requiring you to sign a postdated check for the amount of the loan plus finance charges, which they hold until the date agreed upon. Others require no more than your latest paycheck stub and a picture ID to okay a loan and hand you a check.

How much will a payday loan cost me? You'll generally pay about $25 per $100 borrowed per week. If you repay the loan with finance charge on time, it's not an unreasonable charge to get yourself out of an emergency fix.

How will I get the money from my fast payday loan?

Depending on the company with whom you do business, the money may be deposited directly in your bank account, or sent by wire via Western Union. If you choose to do business with a local payday loan lender, they may simply hand you cash in return for a postdated check.

Where can I get a fast payday loan?

You can shop locally by checking your phone book if you prefer to do your business with a local lender, but there are many payday lenders operating online. By using an online vendor, you make it possible to shop around for the best terms and for the type of payday loan that suits you best, without being limited by geographic location.

How fast will I have a fast cash payday loan?

You can apply online for a fast cash payday loan to meet emergency needs for cash, and generally have the cash in your hand within hours. Approval is generally done within an hour, and the funds are on their way to you immediately.

Who should use fast cash payday loans?

If you need cash now for any reason, and can reasonably expect to be able to make repayment on your next payday, then a cash payday loan can meet your needs.

Joseph Kenny is the webmaster of the loan information sites http://www.selectloans.co.uk/ and also http://www.ukpersonalloanstore.co.uk.