Cash advance ways
Different ways to a cash advance
The need for money fast, whether for an emergency or for an expense that was totally unexpected, can leave you in a financial bind. It is especially difficult if you don't know where you will get the money or who you can borrow it from.
Using a cash advance loan is one option that might make your life a little easier when you need cash quickly. There are a few different methods of cash advance. They each have their advantages, and one way isn't necessarily better or easier than another. Your personal preference should be the only factor in your decision.
In person cash advance
Finding a lender and applying in person will give you the advantage of actually being able to talk face to face with a representative of the company. With the option of having all your questions answered by a real person who is right there, you may feel more at ease with the process than you might with some of the options. Moreover, with thousands of locations nationwide, you might find a company near you.
Fax and phone cash advance
If you apply for a cash advance loan using the phone, you might also have to use a fax. You will be able to answer most of the application questions over the phone to a representative of the lender, but you may be required to fax copies of your recent pay stubs and a check from your bank account. You will have the advantage of talking to someone who can answer any questions you might have, and if you're unfamiliar with the Internet, this may be the fastest way to get a loan if you live in a rural area.
Internet cash advance
Using the Internet for almost everything has become expected by many people. One advantage that using the Internet for a cash advance loan has is that it saves time. You won't have to spend time traveling to the lender, and you may not have to spend time faxing copies of your pay stubs. Filling out an application for this type of loan on the Internet is easy. There is an FAQ section on most lenders' websites, and you may find a lot of helpful information and answers to questions that you might not have thought of.
While each way of applying for a cash advance loan has its advantages, all of them incorporate some of the same elements. The qualifications for this type of loan are almost the same from one lender to another, whether in person, over the phone, or using the Internet. You must be over 18 (19 in some states), have a reliable income from a job which you have held for at least a few months, be able to prove your income with pay stubs, make at least $1000 a month, have a bank account, have no outstanding cash advance loans, and be a United States citizen.
The time frame is the same with each of them too. Sometimes you will know within minutes if you have been approved, but you will almost always by the next business day. You will receive the money by direct deposit into your bank account by the following business day. You will have to repay the loan with your next pay check in almost every case. No matter which way you decide to apply for a cash advance loan, will be worth it when your needs are met.
Payday Pundit is the new web blog of CFSA (Community Financial Services Association of America), the national trade association of payday lenders, of which Check Into Cash is a founding member.