subject: Faqs About Cash Advance [print this page] Here are some cash advance questions that come up a lot, and some cash advance answers to those questions.
Do I need a good credit score to get payday loans or a cash advance? No, you don't need a good credit score or credit history. A cash advance application process doesn't check your credit. Your credit history will never be seen by cash advance or payday loans lenders. Payday loans and cash advance loans are approved on other information such as your income amount and your proof of your next payday check.
If I don't payback my cash advance will it affect my credit since the cash advance application doesn't check for my credit? Yes, if you leave a cash advance loan or payday loans unpaid for an extended amount of time then the cash advance delinquent account will affect your credit score. You should be responsible about your cash advance loan decisions and payback the cash advance amount and cash advance fees within the time you agreed to upon signing your cash advance/payday loans application.
How long do I have to payback my cash advance? Every cash advance/payday loans agreement differs to the amount and the payback agreement along with the cash advance fees, etc. But, every cash advance/payday loans is a short-term loan and is exactly what it says it is, a loan against your next payday. So, you should payback your cash advance total and payday loans fees within the time of your next payday. This is usually within thirty days that you will need to payback your fast cash loan. Once your agreed time has come and gone, cash advance/payday loans fees and APR will be applied every money. These cash advance/payday loans fees can add up quickly, so make sure that you're responsible about paying back your cash advance/payday loans within the thirty days, or within your next payday.
What if I don't have a job. Can I still get a cash advance/payday loans? Most likely, no. If you don't have proof of income or are not expecting a next payday, you should not get a cash advance or payday loans.
You may want to consider another financial solution if you don't have any source of income. If you don't have proof of employment, your cash advance/payday loans application will probably be denied. This is one thing that you must show. Cash advance/payday loans lenders don't go off of your credit. Even if you have great credit and you don't have employment proof you will probably not get a cash advance loan. The reason is that a cash advance loan is an advance against your next payday. If you don't have a payday coming, then you're going to get yourself into a bind when those cash advance/payday loans fees start adding up and you can't pay back the cash advance loan within the time you agreed to.
