Can They Be One After Another? Almost every person on Earth has suffered one catastrophe after another. They beat you down until you can’t see your way out. You have recourse to easy fast cash loans, but how many can you get? Can you get one to pay for another catastrophe right after you have solved the first one?
How Fast Cash Loans Work
You go online to a fast cash loans site and fill out the paperwork. Upload your ID, paycheck stubs, and proof of employment. You usually have your money before the end of business that day, but it could take until the next day. It really is that easy.
You can only borrow up to about 25 percent of your paycheck. That’s usually enough to cover paying for one catastrophe. For additional problems, you’ll have to repay one loan completely before asking for another. You’ll need to wait a couple of weeks before you can apply again.
Places offering easy fast cash loans won’t give you another loan until the first is paid. This prevents people from paying off one loan with another. Additionally, it keeps you from inadvertently borrowing more than your paycheck could support.
The Newest Rules
The governing body of payday loans set new rules a few years ago limiting what borrowers could and couldn’t do. For example, borrowers who borrow loans one after another can’t borrow again until 30 days have passed. Borrowers must also show an ability to repay the whole loan, so they have to borrow only one loan at a time.