You’ve got to be kidding.
Your refrigerator broke two weeks ago, your water heater went out last week, and now your car’s not running. What next?
It seems like this is the way it always goes. Everything breaks at once and suddenly you’re faced with all kinds of unexpected expenses you have no clue how you’ll pay.
Are you in a situation like this and strapped for cash because of it?
We’ve all been there, and we’ve all stressed over how to find a way to pay for everything. The good news is that there’s a solution for your problem – a cash advance.
If you’ve never used one before, let me help you learn more about how you can get one so you can pay for these unexpected expenses right away.
What Is a Cash Advance?
A cash advance is a loan. It’s considered a short-term loan and is a loan type that offers an almost instant way to get cash.
Cash advance loans are also referred to as payday loans or personal loans. In fact, there are all kinds of names they go by, but they are all really the same type of loan.
The other key quality of a cash advance is that it offers a way for you to get cash right away without any collateral, hassles, or delays.
What Is the Procedure to Get One?
Does this sound good so far? If so, let me explain how easy it is to get one.
Your first step is finding a lender to use. Next, you’ll need to fill out a form line. If you prefer, you could also apply by calling the phone number of the lender.
After completing the application, you must submit it and wait for the lender’s response which normally takes only five minutes. If you’re approved, you’ll get the cash proceeds the same day as you apply!
The lender will even transfer the cash directly to your bank account so you won’t even have to worry about picking it up or depositing a check in your bank account.
Imagine having the cash you need within just a couple hours from now. You’d probably feel like a huge weight has been lifted off of your shoulders.
What Questions Do They Ask?
When applying for a loan like this, you’ll have to supply some information to the lender. Here’s a breakdown of some of the questions you’ll have to answer on the application:
Information About Yourself
You’ll have to tell the lender who you are by providing your name, phone number, address, and social security number.
This is just so the lender can verify that you really are who you are claiming to be. It’s also to give the lender a way to reach you if needed.
Details About Your Job and Income
The lender will want to know if you have a job and the amount of money you earn. They’ll also ask you how often you get paid. If you want to borrow money, this is the way you’ll prove you can repay it.
Bank Account Information
Lenders also ask for bank account information, and they do this for two reasons.
The first is to have a way to transfer the proceeds of the loan to you after they approve your loan request. The second reason is to have a way to get the money back when it’s due.
Having a bank account also shows you are a responsible person which is a quality lenders look for when evaluating applications. Therefore, you need to have a bank account to get approved.
Don’t be surprised too if the application asks you for a personal reference. This should be a person you’re really close to but that doesn’t live with you. The lender will not call this person unless you fail to repay the loan by the due date.
Do You Need Good Credit to Qualify?
All this probably sounds great to you by now but you might be worried that they’ll turn you down because your credit is not as good as it could be.
Well, I’ve got good news for you. Cash advance lenders won’t turn you down for having bad credit. In fact, they won’t even check your credit score. Your credit really doesn’t matter to them.
These loans are actually designed for people with less-than-perfect credit scores so you have nothing to worry about if your credit isn’t the best.
That being said, there are several credit factors lenders do look for when evaluating applications for cash advances:
- Length of time at current job
- Non-sufficient fund issues with their bank account
- The possibility the person will use a consumer proposal or bankruptcy
- Unpaid cash advance loans at this time
You cannot qualify for a loan either unless you’re at least 18 years old and a citizen of Canada.
Are There Alternatives?
There are always alternative options for getting cash quickly but I’ll just say that this is one of few options that allows you to borrow cash quickly without any collateral or credit check.
Need Cash Now? We Can Help
Being stuck in a position like this can be overwhelming and stressful, but there’s no need to worry. We can help.
Do you need cash right away?
Is your credit not so great?
Do you have expenses you need to pay today?
Fill out an application to apply now for a cash advance or give us a call if you have any questions about how we can help you get cash now.