When you need urgent cash in your bank on the same day or next business day, and you also have a bad credit score, one of the easiest ways to get a cash advance is by applying for a payday loan. In several states in the US, taking a payday loan before the salary date is legal.
Some direct lenders provide quick online payday loan with no need for faxing documents, Teletrack, or credit checks. This type of short-term loan is for two weeks to 30 days, repayable on the next paycheck date.
However, sometimes your financial needs may not end with one payday loan, and you may find yourself in a situation where you need more cash advance. So, the question is – where can I get a payday loan if I already have one. Let’s probe deeper into it.
Upon research, we found that you can take out multiple payday loans at a time from various direct lenders if needed. You e lender if they allow. However, let’s not forget that if the lender approves you to take several cash loans at once, this is not a favorable idea because the interest rates are high.
Instead of taking multiple cash loans that you will need to repay quickly with high-interest rates, consider opting for other alternatives such as borrowing money from members in the family, an auto title loan, part-time job, credit from the employer, and so on.