Finding a free fast cash payday loan online is incredibly easy especially if you type the phrase 'free fast cash payday loan online' into a popular search engine such as Yahoo or Google. You will immediately be shown thousands of results for this search. To find a the payday loan that is nearest to you just type add the name of your city to your search as in 'free fast cash payday loan online - Chicago' and you will be led to the nearest payday loan joint in your area.

You always have the option of visiting the payday loan company in person and filling out the forms there or you can fill them out online. Filling them out online is relatively easy. So is providing them (by fax) with a void cheque via a so they can deposit the loan directly into your bank account and copies of your identification so that they know who you are. Usually this process takes about 24 hours.

Although most free fast cash payday loan online sites are secure there are still the occasional hucksters out there who are specializing in identity theft or in raping your bank account of your funds. For this reason be very careful about checking out the credentials and reputation of any payday loan company that you may be dealing with on the Internet.

Although they are convenient payday loans are expensive. You often have to pay them back at ludicrously high sub prime rates and in some countries like Canada that rate can be as high as 50% of the original loan!

Another drawback is that you often can't take out more then 20% or 30% of your average earnings. So if you have a smaller paycheck you advance could be well below a hundred dollars and hardly worth the trouble of applying for it in the first place.