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By: Philip Harger

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Thursday, 31-Mar-2011 22:59 Email | Share | | Bookmark
Biggest Cash Quid Loans

Whereas with a lot of business the biggest money payday loans reach around $1,000, there are companies out there that go much higher, often up to $5,000. You are going to be looked at a small closer when you take out this amount of cash although, and you'll want to think much harder about alternatives in this case as well.
These kinds of offers in general are well known for having high interest rates, which is the first real downside to taking out a large amount of cash this way. While with a traditional unsecured loan a high interest rate may be 10% APR, these offers are structured another way, with a fee of around fifteen dollars for each hundred borrowed and are due at the time of you next paycheck, usually within one week to one month. A traditional lender would have you repay the amount in increments over a period of time.
Usually these lenders will not care about your credit history as they are planned for people with bad credit, though with biggest money payday loans they will take a closer look at your application particulars. The classic basic requirements are that you be over 18 years old, be a citizen of the country you are living in, have a bank account, and be employed and earning over $1,000 a month. Some business will also require you be employed at your current job for at least three months, others will require six months.

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