subject: Cash Advance Till Payday [print this page] Cash Advance Till Payday Cash Advance Till Payday
No matter how responsible an individual budgets their income, emergency expenses sometimes come up. When this happens, many people are left confused and unsure of what to do, especially if they are already living paycheck to paycheck. Fortunately, consumers do have options. In case of a financial emergency, consumers may obtain a cash advance for quick and easy cash when they need it most.
A cash advance is another term for a payday loan. These loans, or advances, allow consumers to borrow a portion of their next paycheck to cover an unexpected expense. Payday loans are usually obtained for anywhere from $100 to $1,000 and must be paid back on the borrower's next payday. When applying for one of these loans, a borrower will usually be required to write the lender a check for the required amount and date it so that it may be cashed on his or her next payday.
In return for the loan, the borrower will pay the lender a fee. The size of the fee will depend on the amount of money that is borrowed. For example, if a consumer borrowers $100, they may be required to pay $115 back to the lender. Most would agree that $15 is a small price to pay for being allowed to borrow money in a tough spot.
The cash advance process is not only inexpensive, it's quick as well. All a borrower must have is a few recent pay stubs and their checking account information. Borrowers will not be subjected to a credit check or denied based on credit score. As long as a borrower is employed, they will be eligible to receive a loan.
The average loan process can take anywhere from a few minutes to an hour, depending on the lender. Borrowers can even obtain a payday loan online and have the money transferred directly into their back account. Unlike other loan processes, payday loans are fast, convenient, and inexpensive, which is perfect for someone that needs money fast, but can't afford to pay a great deal of money for their loan.
Note: by researching and comparing the best cash advance lenders in the market, you will determine the one offering the cheaper interest rates. Save money on commissions by going direct.
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