All about Payday Loans What is a Payday Loan? Required Documentation Payday loan seekers Selecting a Loan Lender Are there disadvantages? Payday Loan procedures Impacts on your life How big of a loan? Tips for Payday Loans Who is qualified? Repaying Your Loan		Tips for Getting Your Loan and Your Money   In this section, we give you some tips and information on receiving a payday loan and your money. Even payday loans can be a little tricky at times, and you can save yourself time and money by knowing the important information ahead of time.   Getting Two Payday Loans A mistake that many people make is to apply for more than one payday loan at once. Most companies use Tele-Track to find out if you have outstanding loans with any other companies. If two companies find out they are both looking to give you a payday loan, you may lose the opportunity with both companies. In addition, you cannot take out a second payday loan with another company if you already have one outstanding.   Completing the Application Process If you are in an extremely tight spot and are in a rush to get your money, then you will want to make sure you have all the paperwork you need before contacting the lender. This will save you time and energy in the long run and speed up the process.   Receiving Your Money There are several ways to receive your money depending on the lender. Some will allow you to pick up your loan in the form of cash or a check; however, most prefer to send you the money by transferring it to your account through an ACH payment. Knowing whether this is acceptable to your bank, will help you to give the lender the correct information as you apply for the loan.