Magnum Payday Loans

| January 2, 2012

Magnum Cash Advance is a reputable business that has been around since 1999. They are the leader in customer service for the payday loan industry. Magnum provides a valuable service when extra cash is needed for any emergency. A Magnum Cash Advance is considered to be a payday loan however there are quite a few differences between Magnum and your typical payday loan provider.

The early pay off provision is one feature that separates Magnum Cash Advance loans from other payday loans. With Magnum you can payoff the loan early and you will only be charged interest for the time you had the loan. This sets Magnum apart from the competition. With most payday loan providers you will pay the entire interest if you pay off the loan within two weeks or keep the loan for the term in the contract.

With Magnum Cash Advance the borrower can log on to the website to make payments on their loan. With this loan provider the borrower can privately make payments on their loan without leaving their home. No more driving to a payday loan store to make your loan payment which is typical of other payday loans. The terms of the loan are stated on the loan documents. All the loan documentation is in compliance with all truth in lending legal requirements.

Applying for the payday loan is a very easy streamline process. You simply log onto their website and complete the brief one page loan application. The borrower must qualify on some very basic guidelines. You must be 21 or older to apply for the payday loan. You need to have a minimum net take home pay of 1000.00 per month and you need to be employed full time for a minimum of three months. You can borrow up to 30 % of your net take home pay. Your payroll must be electronically deposited into a personal checking or savings account. The bank account is required as the loan payments will be electronically withdrawn from your bank account.

Magnum loans may be able to help if you can not make your monthly payment on time. Simply contact them by phone at least 3 days before the payment is due. The borrower will be charged a fee to modify their loan payment. This service is not available to the first time borrower at Magnum Cash Advance.

If you need cash today don’t delay apply today at Magnum Cash Advance.

Category: Payday Loan

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