QandAs: Loans

What is a Cash Advance Loan?

Answer:
Cash advance loans provide short-term emergency

cash until your next payday. Getting a cash advance loan is simple. There is never a credit check, and people with poor credit can receive a pre-approval in minutes. If you're approved for a cash advance loan, the funds are deposited into your checking or savings account within 24 hours.

Click here for a free Cash Advance quote.

Cash advance loan companies vary. The majority of companies approve small loans up to $300. This can provide you with the cash needed for an unexpected car repair or medical bill. Since cash advances are short-term loan, repayment is within three to 17 days, or your next pay period.

Cash advance loans do not require a credit check. Still, borrowers must meet certain minimum requirements. All applicants must be a U.S citizen and provide proof of steady employment or income. Additionally, applicants must be 18 or older and earn at least $800 a month. Lastly, applicants must have an active checking or savings account. To verify loan requirements, cash advance companies request copies of a driver's license, recent paycheck stub, and a bank statement. A majority of online cash advance loans require fax documentations. However, some online cash advance companies have simplified the process and now offer no fax cash advance or payday loans.


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