When it comes to applying for a payday loan from Payday
Advance, there are certain stipulations and laws that apply to the amount of
money that you can borrow. This has to be adhered to for each person and each
loan that is given. Understanding these stipulations will ensure that you are
clear on the amount of money that you can borrow.
Payday Advance will only provide loans that equal 30 to 50
percent of your total net income. This means that you cannot borrow more than
you earn. Also, if you apply for a loan that equals more than these
percentages, your application will be automatically rejected.
The maximum amount of money that Payday Advance will loan,
despite your income, is $1,000. This is to protect them as well as their
customers. In most cases, any loan over $1,000 will not be feasible to repay by
your next paycheck. This helps to minimize the number of unpaid loans that the
company receives. Additionally, you need to ensure that you can realistically
afford the loan you have taken out.
Payday Advance will provide you this money in a timely
manner once all the proper channels are handled.