If you are thinking about applying for a cash loan, you should remember these three things before you fill out an application:
1) Requirements. In order to obtain a cash loan from a lender, you need to be at least 18 years of age. With most lenders, you will also need to show two forms of identification and prove you have a checking account with a bank.
2) Interest. Like all loans, cash loans incur interest over time. For this reason, before you obtain a cash loan to pay for your rent or make car repairs, make sure you understand that you will be responsible for paying accrued interest.
3) Time. Usually, once you have been approved for a cash loan, money is transferred into your bank account within one business day. Just as money is transferred quickly, you also should pay back your cash loan as soon as possible. This will help you avoid additional interest.
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