You just received the call that you've been dreading to receive. Your close friend or family member is close to death in another state. Although it would mean the world to both of you if you could be at their bedside for their final moments, it couldn't have happened at the worst possible time for you financially.

After the major setbacks that wiped out your savings and destroyed your credit rating, you've been living paycheck to paycheck, with a little bit of occasional wiggle room for unexpected expenses.

Unfortunately, there's no wiggle room this week, because you've just paid your bills. However, there is still a way to get the cash to see your loved one one last time. You can get a check advance for next week's paycheck from a lender who provides payday loans.

What are the qualifications for getting a payday loan?

Unlike with conventional lenders, your don't need to have a good credit rating to get cash loans. Payday loan providers don't even look at your credit. They only require that you have a verifiable job and checking account.

The amount you can borrow will be based upon your weekly wages. However, because the lender must also receive their fee for the loan from your next paycheck, you will likely receive the amount of your net (after taxes and deductions) pay minus the service fee as your loan proceeds.

What is the procedure for obtaining a payday loan?

There are two different methods for applying for a payday loan. You can either apply online or at a brick and mortar location. Many physical payday loan offices can be found in areas where their need may be greatest, such as economically distressed areas. 

However, on-site payday loans aren't limited to these locations. Some payday lenders provide these loans as additional services to their primary businesses, such as in check cashing establishments that can be found in both urban and suburban neighborhoods.

You can even find payday lenders near vacation destinations such as popular beaches, for those who may have spent more money than they intended and need cash to get home.

Applying for a payday loan

You'll need proof of income, such as pay stubs, and most payday loan offices, as well as postdated personal check to give the lender for repayment of the loan. If you apply online, you will need to provide personal information about yourself and your employer, as well as banking information for the financial transactions.

Many payday lenders will issue cash loans on the same day as the application, although you may need to wait until the next day in some cases.

What happens if you need more time than one week to repay the loan?

Many payday lenders will "roll over" the loan until your next pay period and charge an additional fee. While this may be convenient, it should only be done under extreme need. Payday lenders must charge a higher fee than the interest on a conventional loan, because they face a greater risk of default.

Since you're already under financial duress, you should attempt to repay the loan from your next paycheck if possible. However, the death of a loved one cannot be planned or scheduled, so you may be forced to compromise, but pay it off as soon as you can.