How Cash Advance Loans Work
Cash advance loans are best suited for people who find it difficult to manage unexpected expenses that suddenly crops up. These loans are meant to be used for urgent needs and occasionally. They must never be used to manage any of your existing debts as it could put you into more debts. These are short term loans that will have to be repaid back to the lender in one shot. Normally, you get 30 days to repay the payday loan amount along with the fees. The lender will automatically debit it from your bank account on the due date.
In order to apply for a payday advance loan, you need to meet certain criteria.
- You must be a US citizen or have a permanent residence in the US.
- You must be over 18 years of age.
- You must possess a valid email address and a valid phone number.
- You must possess a savings or checking account with a direct deposit facility.
- You must be employed or should be receiving a regular income.
- Your income must be $1,000 or more a month.
You can apply for the cash advance loan through our online application form. There is no need for any paperwork or phone calls to be made to seek a loan. We offer you no fax and no paperwork payday advance loans. You just need to fill in all the particulars sought in the online application form. You will be asked to enter your address, banking account details, employment details apart from the little personal information.
All the information that you share will be safe and secure and encrypted. We will never be contacting your employer to seek details and might carry out an online credit check before allotting the loan amount. Your poor credit history will not be a hindrance in allotting you the loan.
Our lenders will go through your loan application and will only provide you with the loan if they are satisfied that you can pay back. The lender will call or mail you with details about the loan, its terms and conditions and the fees along with the repayment date.
Once the lender approves the loan application, you will be given a loan agreement with all details in it. You should read it thoroughly before giving your nod to take the loan. If at all, you are not satisfied with anything in the loan agreement, you can choose not to press the “I Agree” option. Press it only if you agree to the terms and conditions on the loan agreement form. It is very simple and easy to get payday loans. It will take just one or two business days to get the loan amount deposited in your bank account, provided all information that you submit are true.