A cash advance is a small, short term, unsecured consumer loan paid until your next payday. It is a very easy and simple solution to tide over your immediate financial crisis.
Cash advance variously known as fast cash, quick cash or payday loan has been around for centuries. Of late cash advance loans have become more popular than ever before. Rules have, however, changed for the better.
The cash advance lenders are more human, generous and practical now. They come to your aid in your dire financial need when you have nowhere else to turn to. You need money within very urgently, within 24 to 48 hours to pay your important bill and you do not have the sufficient funds. Your late payment would be reported to the credit bureaus. You might attract other penalties. Cash advance comes as welcome cost effective alternative in such situations. It must be noted that this is a cost effective but not inexpensive alternative. It still turns out to be cheaper if the loan is paid back well in time. A 20-40 dollar charge for a hundred dollar loan can prove to be a more viable expense to avoid much larger payments and penalties in the long run.
No local bank or a finance company would consider giving you loan if you have bad credit. Cash advance lenders do not check your credit reports. They are prompt paymasters. You can use the money anyway you like. Consumers look for this type of loan when they fear that their checks may bounce back inviting late payment penalties.
Qualifications for Cash Advance
It is easier to qualify for cash advance than for a traditional credit. There are no credit checks. Your job and your monthly paychecks are your best collaterals. You can, therefore, qualify for a cash advance if you are employed with a minimum monthly income which varies from lender to lender. Usually a monthly salary of $1,000 suffices to qualify for a cash advance. Besides this you must have a saving bank or checking account with good standing that can accept direct check deposits. You must also be a US citizen and 18 years old or older.
What is the Cash Advance Term?
The pay back term varies from lender to lender. Usually you need to pay back within 3 to 17 days coinciding with your next payday.
What are Cash Advance Charges? Cash advance lenders charge a fee ranging from $ 15 to $23 for every $100 loan advanced. This compares favorably with banks and merchants that charge an average non-sufficient funds fee of $24 per check and credit card companies that levy an average late fee fine of $26.
How do you Apply for a Cash Advance?
You can personally contact your local area cash advance lender. Better still, you can apply online from the comfort of your home. You do not need to stand in queue and be embarrassed for seeking a quick loan.
When Do You Get a Cash Advance?
You normally receive your cash advance within hours of sending in your application online. Their representative contacts you within minutes and the amount is wired directly into your checking or savings account which you can access the next day.
Cash advance variously known as fast cash, quick cash or payday loan has been around for centuries. Of late cash advance loans have become more popular than ever before. Rules have, however, changed for the better.
The cash advance lenders are more human, generous and practical now. They come to your aid in your dire financial need when you have nowhere else to turn to. You need money within very urgently, within 24 to 48 hours to pay your important bill and you do not have the sufficient funds. Your late payment would be reported to the credit bureaus. You might attract other penalties. Cash advance comes as welcome cost effective alternative in such situations. It must be noted that this is a cost effective but not inexpensive alternative. It still turns out to be cheaper if the loan is paid back well in time. A 20-40 dollar charge for a hundred dollar loan can prove to be a more viable expense to avoid much larger payments and penalties in the long run.
No local bank or a finance company would consider giving you loan if you have bad credit. Cash advance lenders do not check your credit reports. They are prompt paymasters. You can use the money anyway you like. Consumers look for this type of loan when they fear that their checks may bounce back inviting late payment penalties.
Qualifications for Cash Advance
It is easier to qualify for cash advance than for a traditional credit. There are no credit checks. Your job and your monthly paychecks are your best collaterals. You can, therefore, qualify for a cash advance if you are employed with a minimum monthly income which varies from lender to lender. Usually a monthly salary of $1,000 suffices to qualify for a cash advance. Besides this you must have a saving bank or checking account with good standing that can accept direct check deposits. You must also be a US citizen and 18 years old or older.
What is the Cash Advance Term?
The pay back term varies from lender to lender. Usually you need to pay back within 3 to 17 days coinciding with your next payday.
What are Cash Advance Charges? Cash advance lenders charge a fee ranging from $ 15 to $23 for every $100 loan advanced. This compares favorably with banks and merchants that charge an average non-sufficient funds fee of $24 per check and credit card companies that levy an average late fee fine of $26.
How do you Apply for a Cash Advance?
You can personally contact your local area cash advance lender. Better still, you can apply online from the comfort of your home. You do not need to stand in queue and be embarrassed for seeking a quick loan.
When Do You Get a Cash Advance?
You normally receive your cash advance within hours of sending in your application online. Their representative contacts you within minutes and the amount is wired directly into your checking or savings account which you can access the next day.
No comments:
Post a Comment