Payday Loans Uncovered - Sonic Payday

Sonic Payday

Payday Loans Uncovered wants to educate consumers on how to effectively protect themselves as they apply for payday advance services. In order to find a reputable company, you must know all your available options and which options will prove the most beneficial to you and your current financial demand. Sonic Payday is a big loan company offering multiple options on your advance, but depending upon your specific needs you may or may not be satisfied with Sonic Payday Loans.

The Sonic skinny

To qualify for a loan from Sonic Payday you need the following five requirements, as taken from the website SonicCash.com:

A Job - you need to have been employed at least three months to qualify with Sonic Payday.
$1200 a month in take home pay ( or about a $20 K salary)
You must have direct deposit on a checking or savings account open for at least three months
No outstanding payday advance debts
must be at least 18 years old.

They charge $20 per $100 you withdraw in an advance, and for every pay period you hold off on repayment you will be charged another $20 per $100 of your initial withdraw.

Head to head

The rates availabel with a Sonic Payday are actually very competitive, and their loan procedure is known to be 100% reliable. We are not here to tell you whether or not to borrow from Sonic, Cash Net, or any other company - we're here to give you the facts, to lend a helping hand in this tough decision you face, and to guide you toward the best possible decision.