Some employers allow employees to take out cash advances for their paycheck, but many people don’t realize there are plenty of bad credit lenders who offer the ability to get a cash advance from them as well. Seeking a cash advance from your employer can be embarrassing in some situations especially if you make it a habit. It can also give employers a bad impression on you. Taking out constant cash advances may give employers the impression that you are financially irresponsible and possibly even prone to theft. It’s a harsh reality, so luckily there are other options available for you to get your cash advance today and avoid dealing with your employer.
What is a Cash Advance?
A cash advance is a small short term loan that is granted to borrower’s who need money until they’re next paycheck. The main requirement in order to get a cash advance is that you are gainfully employed and have the ability to repay the amount you borrow on your next paycheck. The lender is advancing you money prior to your next paycheck and you have to repay the principal amount plus whatever the fee is for the lender for providing you with the funds. Generally the amount that you will pay for a cash advance is a moderate amount to compensate the lender for their services.
How do I get a Cash Advance?
Getting a cash advance is very easy. And applying online here makes the process even easier and much quicker. By applying for your Cash Advance online, you will save time due to the quick approval and you don’t have to deal with the hassle of tons of paperwork. The amount you will be approved for with your cash advance will be dependent on your income. Since you will be paying the lender back the money they advanced you on your next paycheck, they will take your income into consideration before they approve you for the cash advance. This is why it’s vital that you fill out your application truthfully to delay any unnecessary delays in the entire process.
Lenders realize that people seeking cash advances are doing so because they need the money as fast as possible. So in order to accommodate the needs of borrowers, we aim to help the lenders by speeding up the entire lending process as much as possible. Traditional lenders and banks don’t understand the needs of people who are seeking a cash advance, so getting your money usually takes longer with them. We understand that time is of the essence when you’re trying to pay your bills or other expenses, so we strive to have your funds available to you as soon as possible.
Bad Credit, No Problem
A Cash Advance is very beneficial for people with bad credit. The major requirements for a cash advance are:
• Be at least 18 years old
• Be employed and making at least $1000 a month
• Be a U.S. Citizen
• Have a checking account to deposit the funds into
There is absolutely no catch to a cash advance. Even if you have filed bankruptcy or have a foreclosure on your credit you can still get a cash advance. So don’t stress out if your bills are due and you don’t get paid until next week, apply for your cash advance today.
If you’re still looking for more information on what a cash advance is, you can check out the Investopedia article here.