You may be asking yourself the question, how much can I get from a payday loan? If this is something that you are curious about, you will want to speak with your payday loan lender for more information. This article is going to give you a simple guideline that is generally followed.
It is important to remember that you will never be given a loan for more money than you will be able to pay back. After all, the goal of the payday lender is to get their money back plus the interest rate that you have accrued. In some cases, this can be as much as 300%. This is why it is a good idea to be careful with a payday loan.
Most payday lenders will be happy to give you up to $1000. Of course, you have to have a post dated check that you have written to them. You will also have to have a proof of income such as a pay stub. This way, there will be no question about whether or not you will be able to pay back the money.
Payday lenders want to help you as much as possible. They do not care what you are doing with the money. They only care that you will be able to pay it back. They will want to look at your pay stub. This way, they will know how much money you will be able to afford to pay back. In some cases, they will have you write two post dated checks. They will cash one of them on your payday and they will cash the other one on your next payday. This way, you are not put into a bind that you will not be able to get out of. It is nice to know that payday lenders are looking out for you.