Timing is the most important factor when you’re looking for same day loans. Obviously, you want to get started early in the day, and you want to make sure that you’re working with a payday loan lender whose system accommodates your needs. Many of these lenders have a system that advertises, “Get Your Loan In Only An Hour!”

While others clearly explain on their websites and in person at their stores that after online loan approval, the money will be deposited in the customer’s bank account the following day. Before you fill out any application online or in person, be sure you have thoroughly understood that lender’s system. It is unlikely that an exception will be made for any reason, so don’t make assumptions about the process that may turn out to be wrong and inconvenience you by causing you to start over elsewhere.

It’s easy to get a little confused when you are searching for a bad credit loan online. Some websites collect your information and then match you up with payday loan lenders. They may provide a list from which you select a lender, or they may simply have a payday loan lender call you directly.

These sites are not lenders and so they are not going to provide you with any fast loans, and they are not going to provide you with any cash at all, really. Be careful before filling out any online forms. Be sure you know where the form is going and what that organization can do for you. You don’t want to find out that you’ve wasted precious time in the process of applying for a same day loan because, in fact, you were not applying with an actual online payday loan lender at all, but only with a service that matches customers with lenders.

Once you get in touch with a payday lender directly, that’s the time to ask whether it is possible to receive your loan proceeds within an hour. That’s the time to find out if they make same day loans at all. If you are on the phone you can get an answer to this question, and if you are online you should be able to get an answer as well.

But remember, getting a response to this question is also taking up more time. Ideally, you have already established a relationship with a lender before needing cash in a hurry. Perhaps you’ve borrowed money in the past, or used a check cashing service or bill paying service. Perhaps you’ve purchased money orders or loaded prepaid debit cards.

If so, then you are already an existing customer, and that may cut down the time required to process a payday loan application. Existing customers have an advantage over people who come in the door for the first time. Starting a new relationship with a lender means they will need to collect and verify identification information from you, which, once again, takes time.