Payday Loans in New Jersey | Cash Advance in New Jersey
A payday advance–typically referred to as a payday loan–is a small-dollar, short-term advance on your next paycheck that is designed to be used as a financial tool to cover small, usually unforeseen expenses.
Payday loans are designed to be short-term in nature and not intended to be utilized over a long period of time or for larger purchases like a home or an automobile. Home mortgages and auto loans are generally for large amounts and have many onerous requirements that make them rather difficult to get. First among these requirements is that home and auto loans generally require high levels of income as well as strong credit scores.
By contrast, payday loans are “unsecured” loans, and they do not require high levels of income and strong credit scores to obtain. In fact, our network of lenders generally does not require a credit pull in order to approve a loan, so payday loans can be a great tool for those with low or no credit scores.
Though one of the smallest states in the United States, New Jersey nonetheless packs a powerful punch as it is home to nearly 8.9 million people. Newark is the largest city in New Jersey and has long benefitted from its location just across the water from New York City.
New Jersey generally has one of the strongest economies in the country thanks to a number of industries having strong presences in the state. Some of the largest employers in New Jersey are in the biotech, technology, financial, and pharmaceutical industries. Major employers in the state include Rutgers, Johnson & Johnson, Bank of America, and CVS.
Still, despite the robust economy and diverse set of employers, hard financial times can jump out of nowhere for New Jersey residents. When that happens, stress mounts, and a “pressure relief valve” is needed to help bridge the gap until stable financial footing returns. Having a job from one of the major employers in NJ, or even another great business like Autozone or Starbucks, can be your ticket to getting a payday loan to tide you over until your next paycheck arrives.
Payday loans are a safe and convenient method to access same-day cash and allow a borrower to stretch their purchasing power and cover small, unexpected expenses. Whether you’re struggling with seasonal holiday or back-to-school costs, or you need assistance with unanticipated bills or repairs, payday loans in New Jersey can assist you.
How much can I borrow in New Jersey?
Cash advances in New Jersey can range anywhere from $50 to $1,000 or even more in certain situations. The qualifications for our loans are usually far less strict than those of larger loans like car and home loans.
With Direct Payday Loans, you’re able to apply for and receive a payday loan from one of our network lenders. In exchange for lending you that cash, the lender will charge you a small fee in the form of interest. This charge along with the initial amount borrowed (the principal amount) is typically due on your next payday.
If you need a little extra money before your next payday, apply for a fast & easy cash advance. We’ll assist you in getting the money you need today so you can move on with your life.
By applying via Direct Payday Loans, you’ll:
- Get the cash you need in just a few minutes,
- Be able to read & understand plainly defined terms, and
- Get your payday advance without having to provide a paper check.
At Direct Payday Loans, we always recommend that borrowers think through their family budget and the amount of money that they will be receiving for their next payday. This way, each person understands how much they can repay while still staying within their spending plan. It is important to remember that, in addition to the loan amount and interest that you will have to pay back, you will also need sufficient cash to pay for your normal bills like rent, groceries, and a cell phone.
Although many lending institutions enable you to “re-purchase” or renew your loan, we do not recommend this practice. Renewing your loan can result in a cycle of loans that wind up costing you much more in the long term.
Bad credit? Not a problem in New Jersey
One of the most common questions we receive is whether a payday lender will be able to loan a person money if that person has a low or no credit score. The short answer is “yes,” absolutely the lender will still be able to help.
Payday advances aren’t like mortgage or car loans. Instead, they’re unsecured personal loans for small amounts for people in need of short-term monetary help. Our lenders understand this, and they are prepared to lend to people with credit scores that are not perfect. The lenders understand that many borrowers need help, and they’re willing to provide it. In most cases, loans are based on factors including:
- Amount and frequency of your paycheck
- Your state of residence
Most payday lending institutions don’t even utilize a standard credit check. Nevertheless, for bigger amounts–particularly if a loan for over $1,000 is being sought–some lenders may use your credit report to make a lending decision.
Applying for Payday Loans – No Faxing Required
Faxless payday advances allow anybody with internet access and a savings or checking account to quickly access cash and lower their financial stress with a payday loan. Many online loans still require faxing documents in in order to provide evidence of one’s identity, but this can be very hard to do these days as fax machines are not particularly common. With Direct Payday Loans, this is never ever an issue as all our loans are no-fax payday advances.
Easy Online Application – Instant Approvals For New Jersey Residents
We have worked very hard to build an easy online process that streamlines the loan application. Our application makes it quick and easy for you to apply and obtain the cash that you require today.
In fact, you can finish the application online in minutes and get a nearly instant lending decision. Prior to beginning the application, ensure that you have your social security number, source of income, and banking details handy.