Payday Loans Available In Payson

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Ever have one of those months where your bills seem to show up a little faster than your paychecks?

Well, relief can now be yours.

Friendly Finance, which just opened its doors at 612 S. Beeline Highway, can offer you a cash advance on your next paycheck from $50 to $500 until your next payday.

"Just come in, fill out an application and answer a few qualification questions," owner Michael Reynolds said. "All you need after that is a valid driver's license or identification card, a checkbook, your most recent check stub and bank statement, and a phone or utility bill."

Normally, Reynolds said, credit checks aren't required. "But if we feel it's necessary, we'll check your references ... and that's it. You'll get a loan within five minutes."

Payback works this way, he said: "Since you do have a checking account, you'll postdate a check, two weeks from the time of the loan, for the amount of the loan plus 15 percent per $100 borrowed. In other words, if you borrow $500, you'll write out a check to Friendly Finance for $575, post-dated. And then, when your loan is due, we can either deposit your check, or you can come in and give us cash and we give you your check back."

The Payson Friendly Finance office is the company's second; the first is in Page. Located at 612 S. Beeline Highway, it's open 11 a.m. to 5 p.m. Mondays through Thursdays, and 11 a.m. to 5:30 p.m. on Fridays.

For more information, call 468-0433.

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