There are times when we can't make it until our next paycheck. We need a little extra help and we need it fast. This is when a cash advance is an option, allowing us to get quick cash to last until we are next paid by our employers. It may be that you have been beset by financial difficulties and have been just scraping by on each paycheck, only to have an unexpected expense throw you for a loop.
Explanation of a Cash Advance
When you find yourself in need of cash that will help you with an emergency expense, you may be able to rely on a cash advance. This is essentially a short-term loan, ranging anywhere from $200 to $1,000, that you pay off once you receive your next paycheck and have the money in your account to pay it off. With a short term loan, such as a cash advance, a borrower may be able to prevent him or herself from slipping into unnecessary debt.
The cash advance is generally paid off in full when the borrower is next paid by his or her employer. Another type of settlement can include an automated repayment, meaning that the lender will automatically deduct the borrowed money directly from the borrower's designated bank account when the payment is due.
Who can apply for a cash advance?
While approximately 95% of applicants are approved for short term loans, there may be a chance that an applicant could be denied a loan. The decision process is based on a few factors; the applicant must be at least the age of 18, he or she must have a steady income, and finally, an active bank account. Due to the high demand and short length of this loan, there is no credit check. Even if an applicant has poor credit, it will not be taken into consideration while deliberating on providing a short term loan on a lender's behalf. It is understandable that things come up, such as an unexpected cost or an illness, and that is why short term loans are there for borrowers.
Apply for your loan today!
Are you currently struggling with your finances? If you have recently found that you are struggling with unforeseen circumstances and are in need of assistance to make ends meet, it is recommended that you do not hesitate to look at all of your options. For many people, they will consider a traditional loan. These, however, are time-consuming, force you into a long-term commitment and can be difficult if you do not have the most stellar of credit.
it is important to realize that a traditional loan is by no means your only option. By seeking a cash advance, you can get the money you need when you need it - without having to go through the messy, complex and difficult process of more traditional processes. When you need money fast without the mess, contact ConnectedCommunities. With a confidential and simple process, we can help.
Cash Advance Information
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