The new kind of credit card which is springing up more and more these days is the instant decision credit card. There are a lot of leaflets and junk mail about these credit cards offers around at the moment. You can apply for such credit card over the phone, but most of the people apply credit card online because you will get an immediate response about whether you have been accepted or not based on the information you give them.

You should be honest while filling out one of these credit card applications. There is no point in saying that you earn three times more than what you do. For example, usually there are a few pages of information for you to fill online, your personal details, your employment details and other lending etc.

Pay day loan is a short term fund provided by the banks. This kind of a loan would help you meet your unexpected emergencies or unexpected bills in the middle of the month. The period of repayment is usually 2 weeks, however you can extend the duration if it’s needed. Pay day loan is easy to get with a minimum requirement of job more than six months and a minimum of thousand dollars income.

There are advantages and disadvantages with this time of loan and few are detailed below :-