What is a cash advance loan?
A cash advance loan is a quick unsecured loan given to people that have a source of income but are currently out of cash. The nature of these loans determines some of their special features: they are fast, the interest rate is high and the amount borrowed is usually pretty small.
How do I apply for such a loan?
To apply online, visit this page. Surely you can drive down to the bank and get money there, but that’s not the point of a fast cash loan. With the lenders that we find for you, you get money almost instantly. Once you fill out an application, a lender representative reviews it and if everything is right, you get your money wired to your bank account within couple of hours.
What to watch out for with cash advance?
Once you are offered a loan, read the terms. Have a clear understanding of when you will have to pay it back, because delayed payments might affect your credit score. Also make sure that the loan you take can really be called “cash advance”, i.e. you really have money coming. If you have no stable source of income then getting a loan after a loan to repay your previous debt will only lead to trouble.
Is taking a cash advance loan bad?
There’s absolutely nothing to hide or be ashamed of. Of course, our whole process is confidential, but still getting a cash advance is perfectly fine in certain life situations. The main things that you should pay attention to is yours and your family’s happiness. Once you pay the loan back, you can start getting out of debt and living frugally. Try to avoid situations when you end up completely cashless and have a stash that you can use on a black day. Normally 10% of all your income should be stored at an emergency fund.
Watch this video to get more info about dealing with loans from the start of your financial life: