Are you in need of a fast cash loan but can't find a lender who will give you what you are looking for quick enough? Or perhaps you have a bad credit rating and have a financial emergency on your hands and can't find a friend or family member who can give you the cash you need.

If you find yourself in this predicament you might be interested in one hour payday loans. Perhaps you've heard about this credit product and are curious to find out if it is the loan to answer all you prayers.

This hub page will attempt to give you the information you need to get the most from these payday loans if you decide to use them and, more importantly, help you decide if you should be using them in the first place. We'll examine what a payday loan is, how a one hour payday loan differs, where to find one and the disadvantages which should be considered. I hope that by the end of this page you will know all yo need to know to make informed decisions about one hour payday loans.

A regular payday loan is a simple loan product that can be applied for by anyone how is in full-time employment who has their own bank account. Even those individuals with a bad credit rating can get a loan as the payday lenders are not interested in finding out about your financial history before you get your money. All they care about is that you get paid at the end of the month and they can get their money directly from your account.

The application process happens online so its nice and easy to set up and the lender will pay your money into your account in under 24 hours. As you can probably guess the way the one hour payday differ from the traditional product is in the speed of the deliver.

One hour payday loans lenders aim to jack up the speed element of the loans to get you your cash even quicker. Of course there is a fee for this increased speed, usually the lender will charge an extra $10 to supply you with an emergency payday loans service. With a payday advance already being an expensive way to get access to cash, it had better be a true emergency if you are going to justify paying all that money to get your loan.

You can find a one hour payday loan lender in much the same way as a regular lender although they are a little harder to find given that there are a much smaller number of companies that offer this service. Simply do a search on the Internet though and you are sure to come up with a reliable company who will be only too happy to comply with your needs.

One Hour payday loans sound like a great idea when you are desperate for money and stuck in a situation where you have nowhere else to go for relief. In certain situations they can actually be your only option and you might find a need for a cash advance but they should be keep for true emergencies when you have absolutely no other choice. The two things that should really turn you off the one hour payday loan is the high costs and the fact that they can get you into a viscous cycle of debt which gets worse with every passing month.

In regards to the cost of payday loans you'll find that the interest imposed on these loans can be astronomical, borrow $100 near the end of the month and you'll usually have to repay $125 a week or two later. On top of that there are the extra charges imposed if you should fail to met the repayment date agree upon.

With the fact that you have money troubles to begin with, taking out an expensive one hour payday loan will almost always only make matters worse. By the time you have paid of your loan from this month with your new wage packet you will already be behind with even less money to see you through the next month. This leads many borrowers to immediately take out another payday advance loan and start a cycle that can only end in a mountain of unmanageable debt.

As you have probably guessed, my feelings are that a one hour payday loan should be avoided whenever possible. Do whatever you can to prevent yourself from wasting your money, whether it means getting a loan from a friend or seeking professional financial help.