Owing to the extreme ease with which payday advances are available nowadays, combined with minimal paperwork, payday loans have become tremendously popular.The time frame associated with payday advances is generally short, about a fortnight or a month, depending on the lender and the state regulations. The basis of repayment is generally the next paycheck of the applicant.However, the laws and regulations applicable to such payday loan schemes differ from state to state.Payday advances are not considered legal in all states. As a matter of fact, payday advances are completely banned in certain states having been labeled as illegal.Payday advances could prove to be an expensive option owing to the high interest rates associated with them. In fact, many experts would recommend using payday advances only as a last alternative when there are no other means left to procure the necessary cash.

The state of Arizona initially considered payday loans as legal.However, AZ payday loans have been banned since July 2010.Payday lending is now considered illegal in the state of Arizona. AZ payday loans in the range of approximately $50 to $400 could be easily availed from many lenders when they were not banned in Arizona.As per state regulations, lenders offering any form of short term cash advances cannot impose more than 36% interest rate.Even when AZ payday loans were given out by lenders, rollovers were prohibited, and lenders could not file criminal lawsuits against applicants in case of repayment issues.

Loans of any kind are likely to be influenced by the credit history of an applicant.This could result in many issues for applicants with bad credit rating.Fortunately, payday advances for bad credit are available from many lenders and financial organizations in the market.With online payday deals, credit checks are almost non-existent.The fast approval and processing associated with payday advances online gives them an added advantage.It is also easy to compare rates and offerings from different payday dealers with just a few clicks with payday advances online, helping applicants strike suitable deals.

Payday advances online help an applicant save a fair amount of time.With payday advances online, an applicant is not haggling with payday agents or waiting in long queues outside payday offices for approval.With online payday loans, it is possible to apply for the payday scheme of your choice with just a few clicks, anytime of the day, sitting comfortably at home.

Although payday advances are convenient to avail, the minimum eligibility criteria have to be met.Generally, most laws require the applicant to have crossed the age limit of 18-years.The presence of a valid salary account along with proper employment is also vital.

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