faq
What is a cash advance? It is the same as a payday loan?
A cash advance is a loan that is borrowed for a short term, usually just until the borrower’s next payday. Payday loans and cash advances are the same type of loan.
In what situations are cash advances the best option?
If you find yourself in a situation where funds are low, but you need money immediately, a cash advance may be your best option. These loans have a quick approval process that allow borrowers to get their money when they need it the most.
Who is eligible to receive a cash advance?
To receive a can advance, you must meet these qualifications:
● You must be at least 18 years old.
● You must be employed and make at least $1,000 a month.
● You must be a US citizen or permanent resident.
● You must own a checking account.
As long as you meet these qualifications, you should qualify for a cash advance.
How much can I borrow?
You may borrow up to $1,500.
What if I have filed for bankruptcy in the past?
A past bankruptcy, or otherwise negative credit history, will not affect your ability to get a cash advance. These loans are given based on the borrower’s ability to repay the loan. Lenders do not even access applicants’ credit during the approval process.
How long until I get my money?
Once you are approved for the loan, you will get your money within a couple of hours. The money will be directly deposited into your bank account for quick access.
Is my personal and payment information safe?
Yes, all personal information is encrypted using an 128 SSL, or Secure Socket Layer, which makes it impossible for third parties to access the information.
When am I required to repay the loan?
You can choose from a few different payments plans. You may choose to repay the entire loan on your next payday, pay the associated finance fees on your next payday, or pay the finance fees, as well as part of the loan balance, on or before your next payday.
On the agreed upon date, the finance fees will automatically be debited from the borrower’s account. If you wish to also pay the balance of your loan, you may call and arrange to do so.
What if I can’t afford to repay the loan on time?
If you cannot afford to pay, you can choose to renew the loan. This will extend the term of the loan and the borrower will be charged additional finance fees, depending on the remaining balance.