
Cash Advance FAQ
What if my credit is bad?
- A cash advance specializes in loans for borrowers with a wide range of credit scores. Cash advance companies like ours are not at all like traditional banks. A bank is usually only interested in loaning money to people with stellar credit scores. They also need to have a complete credit profile from their applicants, which is time-consuming and comes with its own degree of stress and hassle.
What if I just need to borrow money for a short period of time?
- Actually, you are the perfect customer! A cash advance is a short term loan, and that’s what we offer. Usually the term of the cash advance loan is one pay cycle, or about two weeks. If you pay back the cash advance loan on time, you pay only the up-front fee and no interest or other fees. It’s the beauty of a cash advance!
Do the lenders run a credit report when I apply for a Cash Advance?
- No. No credit report is run on applicants for a cash advance. We are not looking for applicants with good credit, great credit, or any type of credit. This information isn’t important to us. Instead, we require that applicants have a job that pays at least $1500 per month regularly.
How long does it take to get a Cash Advance?
- It varies from lender to lender. You will receive your cash advance loan within one business day of submitting your online application. Some lenders are much faster, with cash in your bank account within one hour of submitting the application.
How much money can i borrow?
- Our lenders give loans up to $1000 but it varies from person to person and lender to lender. The online cash advance application takes just two minutes to fill out, and then you can discuss amount of the loan when the lender calls you shortly after submitting the application.
What fees do I need to know about?
- There is a fee for the loan itself, which on average works out to be $15 for every $100 borrowed. If you pay back the cash advance on time, there are no other fees. And no interest.
What is an Unsecured Loan?
- When you apply for a cash advance you will notice that no credit check, no finanical history, and no collateral are required. That's because the lender calculates that you can pay back the loan based on your current financial resources. That is, your job!
Do I have to give collateral for a cash advance?
- No! A cash advance does not require any collateral whatsoever.
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