Same Day Instant Cash Advance Loan - Get The Cash You Need Today

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Life happens. Just when you think you are on track with your finances, something unexpected happens. On a recent morning, Elaine, a super busy mother of three small children found herself with a car that wouldn't start. After several phone calls to various repair shops, the cheapest shop told her that it would cost $800 to fix her car. The good news? She could fix the car today. The bad news, she didn't have $800.

What is a short term cash loan?

Short term loans also referred to as cash advance loans are offered, to qualifying applicants, based on income. The major advantage to these loans is that you can get an emergency loan in 24 to 48 hours. Traditional loans, such as a Home Equity Line of Credit (HELOC) or a Home Equity Loan can take up to 30 days to finalize and require a substantial amount of time and paperwork. Most banks require applicants to furnish taxes for the past 3 years, income statements, asset verification and a credit check to ensure that the applicant has a good credit.

Cash advance loans are simply an advance on your paycheck. In other words, the lender is giving you cash now but you need to repay the cash back when you get your next paycheck. Loans are usually repayable in 14 to 30 days but some lenders offer an extended repayment period, upon request. You do not need to complete a credit check so it doesn't matter whether you have bad credit or no credit history.

Loan qualification requirements - Do I qualify for a loan?

To qualify for a loan, applicants must earn at least $1,000 per month, after all deductions. Deductions include child support, alimony, medical expenses and retirement deductions. Most lenders want applicants to have been employed with the same employer for at least 3 months, to ensure that you have a steady source of income.

Applying for a loan and getting one - How do I get a loan?

You can get a loan, by applying at your neighborhood cash store or by applying online. Most applicants find the option of applying online to be faster, easier and more discrete. In addition, the loan request is usually approved instantly, which means that, you can get the cash you need, immediately. Applicants are encouraged to complete the application form, thoroughly and honestly because it expedites the approval process. Once approved cash is wired to your checking or savings account.