Consumer: Those who need access to instant cash
The purpose of a Paycheck loan is to provide those who need it with instant cash for a short period of time.
Pros: It is a very simply process to apply for a Pay Check Loan. You simply fill out the short application online and submit it. You will have a "yes" or "no" answer in a half hour. Most people are approved. You must be 18 years old or older, you must have a regular job (not through a temp agency) and you must have an active bank account. When you are approved for a loan, the money is immediately transferred to your checking account and will be available for your use the following business day.
Pay Check Loans has several flexible repayment plans that you can choose from. A Pay Check Loan can help you get through an emergency or help you fund an unexpected expense with very little or no hassle. You will not have to send or receive a fax and there is no credit check.
Cons: Pay Check Loans are not intended to be financial solutions and should not be used as such. They are a temporary "fix" for a temporary problem.
Guarantee: There is no guarantee offered by Paycheck Today and there is no guarantee that would apply.
Value for money: Access to immediate cash when one is in a financial bind would be very valuable to them.