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Cash Advances Offer Fast Cash When You Need It

Often referred to as a cash advance, cash advances are designed to provide fast cash in exchange for the borrower’s promise to repay the balance upon their next payday. Whether it’s an unexpected car repair, a doctor visit or simply a time when funds are a little tight, cash advances may be a short term answer to your problem.

Because they do not typically involve a credit check, cash advances are available for those who have past credit problems. Rather than focusing on the past, payday lenders look at your current situation and your ability to repay the loan. As such, you must have a steady job and a guaranteed paycheck in order to qualify for cash advances. Generally, these types of loans are not available to those who are self-employed or otherwise have unpredictable work schedules.

Upon an approval for a cash advance, you will be given cash directly by the lender. In return, you will commonly be asked to provide a post-dated check, written for the date of your next payday, for the amount of the loan. In some cases, you will be required to consent to an automatic debit from your bank account on a specific date. Unless other arrangements are made, the lender will cash the check that you provided or debit your account on the agreed upon date. In some cases, cash advances may be extended upon approval by the lender. This means that, instead of cashing the borrower’s check, the loan would simply roll over for another specified amount of time. In exchange, the borrower would pay interest and possibly additional fees for this service.

In a world where so many families are living from one paycheck to the next, it is often life’s unexpected events that cause a financial pinch. When this occurs, it can be very difficult to wait for the next paycheck to arrive. In emergency situations like these, the ability to obtain fast cash when you need it is a blessing. Perhaps it isn’t an emergency, but maybe you have come up short on grocery money, gasoline or the electricity bill is due. Necessities, although a regular bill, often have a way of sneaking up on you.

When seeking quick cash via cash advances, you often need to provide check stubs from your current employer, along with the company’s name and address. You may also be asked to state your length of employment, which will help the lender to determine whether or not your employment is steady. Due to the fact that a credit check is not typically required, verifying your employment becomes a top priority when it comes to cash advances. If you plan to submit an application, you may also need valid photo identification and a checking account.

By their very nature, cash advances are to be used for obtaining fast cash when you need it. By that same token, you should repay the loan as quickly as possible in order to avoid additional fees and interest.

Coinbase May Be Refunding Credit Card Cash Advance Fees On Cryptocurrency Purchases

Credit card companies look to reduce their exposure to the crypto market by classifying cryptocurrency purchases as cash advances. Cash advance classification could lead to further declines in demand for cryptocurrency. At least one Coinbase user says that ...

Published:  Tue, 03 Apr 2018 01:02:00 GMT



Lincoln Park police seek help identifying Cash Advance robber

Lincoln Park police are asking for the public to help them identify a woman who robbed the Cash Advance, 2271 Fort St., just before 6 p.m. March 12. The woman is described as black, between 25 and 35 years old and standing about 5 feet tall. She was ...

Published:  Thu, 22 Mar 2018 18:06:00 GMT



Nigeria: Reps Query Labour Ministry Permanent Secretary Over Alleged N45.7 Million Cash Advance

Abuja - The House of Representatives Committee on Public Accounts, yesterday, queried Permanent Secretary of Ministry of Labour and Employment, Mr Bolaji Adebiyi, for information regarding N45.7 million cash advance made to two officers of the ministry ...

Published:  Tue, 13 Feb 2018 04:39:00 GMT



ADVANCE AMERICA CASH ADVANCE

2018 will be a difficult year for the industry since there is shrinkage of tenancies. But, 2019 onwards there will be revival and in 2020 we will see significant growth. Banks and corporates are allowed to pay the TDS or the tax deducted at source for any ...

Published:  Wed, 28 Feb 2018 16:00:00 GMT



Cash advance store robbed second time in two months

SAGINAW TWP., MI --A cash advance store robbed less than two months ago was held up again Saturday afternoon, and now police have two suspects in custody. Shortly before 2 p.m. Saturday, July 15, police say two people wearing masks and hoods entered the ...

Published:  Sun, 16 Jul 2017 00:53:00 GMT



Why You Should Avoid Cash Advances on Credit Cards

It's possible to think of reasons for getting a cash advance with a credit card. Maybe your car is broken down in the dead of night, and you meet a tow truck driver who inexplicably won't accept credit cards. Maybe you owe a guy named Knuckles money ...

Published:  Fri, 11 Aug 2017 13:07:00 GMT



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