Questions about Cash Advances and Payday Loans
What are the typical requirements to apply for cash advances or payday loans?
Most payday loan or cash advance services require that you be at least eighteen years of age, and have a checking account that is open and has been in use for 90 days.
How do cash advance and payday loans work?
Payday loans and cash advance services provide short term cash advances by electronically depositing fund into a checking account. Online cash advances and payday loans are completed electronically via the company's web site in a secure environment. When the loan is due, the amount borrowed plus a nominal service fee is debited from your checking account.
How fast can I get the money?
When your application is approved, many payday loan and cash advance services will transfer the money to your bank account overnight with the funds appearing in your account the very next day.
Are loan extension a good decision?
Payday loans are designed to be short term loans to meet an immediate need. Using loan extensions can move a cash advance or loan recipient into a long term situation which is not in their best financial interest.
What is a recommended Cash Advance and Payday Loan Company?
While there are many cash advance and payday loan companies doing business, we recommend choosing a quick cash advance service such as MyCashNow.com .
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