A cash advance loan is a short-term loan secured by your paycheck. It is also known as "Payday Loan".
A cash advance loan is a quick and confidential way to get a cash advance until your next payday.
A cash advance loan is a short term, high rate loan, where lender requires loan to be repaid on your next payday.
Your funds can be used for anything you like, such as car bills, phone bills, medical emergencies, etc.
From time to time, we all find ourselves short on cash between paydays and this mainly occurs because we never know what's round corner. Cash advance loans are a quick, easy and confidential means to relieve your financial situation.
All you need is a checking account in good standing and a steady paycheck to obtain cash till payday. You will need to be employed, have a permanent address, and an active checking account.
Cash advance loans, also referred to as payday loans or check advance loans, are short-term loans to help overcome various short-term financial needs.
The purpose of a cash advance loan is to provide a way to pay for emergency or immediate expenses that cannot wait until your next payday.
People often choose cash advance loans to cover small, unexpected, expenses and to avoid costly bounced-check fees or late payment penalties and other less desirable short-term credit options.
How does it work? When a cash advance is approved, usually borrower authorizes an automatic bank withdrawal, or writes a post dated check to lender for amount of cash advance, plus lenders fee. The lender then gives borrower amount of check, minus their fee.