Cash Advances Explained
A cash advance is the quickest and easiest way to borrow money online. Cash advances are basically short-term loans for smaller amounts of money—just enough to take care of those urgent expenses until payday. When you use us to find a lender for your payday needs, you will find that many of our premier lending partners do not care if you have a less than stellar financial history. Even when banks, credit card companies, and other lenders turn you down, you may still get a cash advance to make ends meet. If you have a job and a checking or savings account, you can probably get a cash advance. When you are done learning about how to get a cash advance, find out about us.
The Benefits of a Cash Advance
Emergency expenses will not wait patiently for your payday to arrive. Usually, if you do not attend to pressing expenses right away, there are dire consequences. You might rack up penalty fees. A cash advance can prevent all of these things from happening by giving you enough money to put out your financial fires.
The best way to illustrate the benefits of a cash advance would be an example. Julio works hard and usually pays his bills in full and on-time each month. But this week, his car broke down. It needs $500 in repairs, and Julio doesn’t get paid for another week. He decided to get a cash advance, to get his car repaired. If Julio hadn’t decided to get a cash advance, one of several things would’ve happened. He would’ve either had to miss days of work because his car was out of commission, had to go over his limit on his credit card (thus racking up fees), or had to write a check that would’ve bounced, drowning him in fees. A cash advance ended up saving him a lot of money and heartache down the road.
How to Get a Cash Advance
Here is how to get a cash advance:
- Sign Up. Fill out an online form. We will help match you with a lender so you can have your cash in a flash!
- Approval. You will know momentarily if you have been approved for your cash advance from one of our lenders. If you’ve been approved, a representative will usually then contact you to complete the process. Most cases do not require any documents to be faxed in.
- Cash deposited. After you’ve completed the online matching form and approval process, your funds of up to $1500 may be electronically deposited into your bank account the next business day, although this depends on the lender!
- Repayment. Your designated lender may have repayment options.
What You Need to Get a Cash Advance
You just need to meet the following requirements:
- You must be currently employed or receiving regular income
- Your income must be at least $1000 per month
- You must be at least 18 years of age
- You must be a U.S. citizen
- You must have an active checking or savings account
- Other requirements might apply in certain situations
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