Tag Archives: cash advance
Payday Advance
What Is a payday advance? A payday advance is a very short-term loan. This is a cash advance that has to be repaid by the next payday from the day the payday advance has been deposited into your account. This makes the duration of a payday advance a maximum of three weeks, and is the easiest way to get some fast cash into your bank account or pocket.
Who is eligible to receive a payday advance? If you want to apply for a payday advance, you must be an American citizen with a valid checking account in the United States. You will also need to have a steady job drawing a regular salary for the past six months. Additionally, you will have to be at least 18 years of age to receive a payday advance.
What is the process to access a payday advance? Securing a payday cash advance is one of the fastest and the easiest ways to get cash into your pocket. The procedure is simple, and there is no security or credit check like the other financial institutions require. With Check Into Cash Payday Advance Centers, you can collect the cash you need to tide you over until your next payday.
At the time of this writing, Check Into Cash, Inc. operates more than 1,250 centers nationwide with more to come. Most of their cash advance stores are open from 10 am to 6 pm Monday through Friday, and Saturday from 10 am to 3 pm.
Some companies use online software to instantly contact your bank and verify that your salary has been deposited on time for the past few months before they transfer the payday advance to your checking account. This procedure takes one working day. In order to get the payday advance into your checking account within 24 hours, you will need to apply for the payday advance Monday through Thursday. If you apply on a Friday, you most likely wont receive the payday advance until Monday, as Saturday and Sunday are non-business days.
The basic advantage with Check Into Cash is that you do not have to wait for the cash to be deposited into your account — the process is more or less instant and you get your (post dated? If it is post-dated, how can they cash it instantly) post-dated check cashed immediately over the counter. Just ensure the cash is in the bank by the next payday - you never know when you will need another payday advance.
So if you need some money to help alleviate a cash crunchwalk into any Check Into Cash Payday Advance Center location. Bring your latest bank statement (just to prove you are getting a salary), some form of photo ID, and a post-dated check. You will get cash in your hands within a matter of minutes. Nothing could be more convenient.
Still need more information? Just pick up the phone and call 1-877-262-CASH for any help you might need.
How Do 24Hs. Cash Advance Loans Work?
Have you read online promotions about 24Hs. Cash advance loans? Do you need money for an emergency and can not wait any further? Do you wonder how 24 Hs. Cash advance loans work? Within this article you will find a brief explanation of this type of cash advance loans and details on the many benefits they provide for those with bad or no credit and for anyone going through an emergency situation with urge for quick cash.
Purpose Of 24 Hs. Cash Advance Loans
These loans are obviously meant for emergencies and the urgency is the main characteristic of the product. To clarify the concept we need to say that these loans are processed within less than 24 business Hs. and thus, if you apply for a loan on a Friday evening chances are that you will not obtain the money till Monday. Other than that, these loans are the financial products which are processed with more swiftness on the market.
But since the lenders risk evaluation team does not have time to assess the risk of the transaction there will be some limitations: the loan amount will not be high, usually these loans provide up to 1,500 dollars and not a cent more. The repayment programs are shorter than on common personal loans and there is usually a fee charged instead of a specific interest rate but that fee would stand for a rather high interest rate when pondered annually.
The Loan Approval Process
One of the most interesting features of 24 Hs. Cash Advance Loans is that you can apply for one online or through the phone. You can complete the online application or contact the lender and have them complete the application on the phone for you. You may be required to fax the agreement with your signature by some lenders but most offer no-fax options too when applying online.
As regards to the requirements for approval, the main one would be to show proof of income which can be done with job payment receipts or tax presentation copies. Some lenders provide these loans with stated income when there is already an existing relation with the bank but these loans are actually pre-approved and your credit has been assessed beforehand.
If your income is suitable, you can obtain the amount of money you need up to the limit provided by the lender. Most of these lenders require no credit verification processes checks but given the little time they have, even if they do require a credit check, they will only pull your credit report once and take a resolution based on the information provided on the report.
Once the loan is approved, which is usually done within a few hours, the amount requested is transferred to an account that the borrower provides at the time of applying for the loan. The whole process never takes more than 24 Hs. and most lenders compensate their clients for any delays by reducing or excluding the fees. However, this only happens exceptionally and you should expect to have your money deposited into your account by the next day you apply for it.