When there is more month at the end of the paycheck than cash and you find yourself in an emergency then a 30 day payday loan may be for you. In most cases, fourteen days is the turnaround time for repaying a payday loan but in some instances where a person is only paid one time a month, then they could be eligible for this type of payday advance.

If a person is paid from their job, or other source of income, on a weekly or bi-weekly basis then they would not be eligible for a 30 day loan. If the loan cannot be repaid within the allowed fourteen days then an extension may be requested but it should be well understood that there will be fees added to the loan.

It is not necessary to have good credit when applying for cash advance payday loans. Most lenders will not do a credit check and this one reason is why payday loans are so popular with people that have less than perfect credit. The only things necessary to apply for this type of loan is the borrower must be a minimum of 18 years of age, be a U.S. Citizen, have a steady job or other form of income, and possess a checking account.

If you are new to payday advance loans then it is in your best interest to do your homework about all of the policies and procedures surrounding these types of loans. A great place to start is right online. Even better, the internet now offers the convenience of allowing a person to apply for a cash advance right online in the comfort of their own home.

All criteria must be met before applying for a loan, in order to qualify for 30 day loan then the most important criteria is the borrower is only paid on a monthly basis.  If the borrower can prove that they are only paid on a monthly basis, then they are indeed eligible for 30 day payday loans.

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The exchange of money in the form of loans has always existed and will continue to do so for as long as humans exist on this planet. Those were the days when people had to carry a load of documents and wait for a few days before a banker called back to give them a few reasons about why their loan application was rejected. Things changed for the better when private lending institutions decided to offer paperless payday loans to people who required money with a guarantee that their application would never be rejected. Why did these lenders take the initiative to offer such loans?

These institutions knew that there were a large number of people who required money to meet small expenditure, but did not have access to banks who could provide them the assistance. At the same time it is quite possible that people who needed the money may not have been in a position to provide the kind of documentation, banks demanded. These were people who had a regular job and wanted small amounts of money to cover for any emergencies that had arisen. As they could not go to the bank, the only option available to them was to approach the people who could offer them a 30 day payday loans.

With the number of people applying for such loans increasing lenders had to come out with strategies that not only speedup the procedure of approving a loan, but also had to be intuitive enough to bring in the concept of paperless payday loans. Lenders did not make any changes to the way the loan application was processed. Applicants no longer had to provide a number of documents before they could get the money in their account. Lenders only sought out information that was required and did not bother with unnecessary paperwork. By doing so they had reduced the time required to process an application can also make sure that people had access to the money as soon as possible. It goes without saying that people were extremely happy at such initiatives by the lenders.