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By: John Cedeno

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Friday, 25-Feb-2011 17:09 Email | Share | | Bookmark
Low Cost Quid Loan For Easy Cash

Low cost Quid Loan is a popular name for short term paycheck advances. Fax less payday loan, rapid cash payday loan, etc. are some of the other names that it is usually known by. Low cost payday loan is a short term cash advance that is generally salaried back by the next due date. Americans generally are salaried every fortnight and so such advances are usually given for a term of two weeks.
Eligibility Requirements
So what would you require to be entitled for a low rate payday loan? First and foremost, you need to be an American citizen. Secondly, you have to be over 18 years of age. You should have a regular employment. A cash advance company will not give you a low fee payday loan if you do not have a work as you do need to repay the borrowed sum on your next payday.
Other important requirements that you must meet to get a low cost payday loan include having a monthly profits of at least $1000. You also need an active checking account. It is important to have a suitable checking account because the funds are deposited directly into it. This is a quicker way of disbursing the money. Moreover, on the due date the lent amount and the added interest are debited from your checking account.

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