When you are struggling to make ends meet, more than anything you need a little understanding and some cash to help stretch your budget until you receive your next paycheck. A Cash Advance during times of need can provide the necessary monetary assistance you need, no matter the reason. If it is your first time looking into a Cash Advance, you may have many questions such as:
What is a cash advance?
Do I qualify?
When and how do I access my loan?
How long do I have to repay it?
A Cash Advance is a short-term lending solution that provides you with the money you need to buy groceries, pay your bills, cover an emergency cost, or whatever else you may need the loan for. The majority of people seeking a loan are not approved because of poor credit or bankruptcy due to past financial mistakes. Now it is easier than ever to be approved for a Cash Advance. To qualify you must:
- Currently have a job (or receive regular income)
- Make at least $800 per month
- Are 18 years of age or older and a U.S. citizen
- Have a checking account
While other requirements may apply, the standard criteria to be approved are relatively simple and easy to meet. To determine if you qualify for you requested loan amount is dependent on your level of income, employment, and your lender’s terms. Providing honest, accurate information in your online application will ensure fast processing of your loan as well as match you with the best lender to meet your individual Cash Advance needs. Your form is immediately reviewed, and the money is transferred into your account by way of direct deposit. You will have access to your money in less than 24 hours.
With a Cash Advance, you are ultimately saving yourself from money that you might have otherwise lost due to bounced check fees, overdraft penalties, or late payment interest fees on delinquent bills. Getting the Cash Advance you need from an online lender in order to fulfill your financial obligations on time is responsible money management and also helps to preserve your credit score; this is especially important if you are working to repair your credit.
If it is so needed, borrowers may request an extension on a Cash Advance if more time is needed for repayment. Be sure to contact your lender before your Cash Advance becomes due in order to avoid any complications.