Cash Advance

Emergency medical expenses. Do any three words create more havoc on a family budget than these?

The facts are that most health insurance does not provide 100% coverage. That means that working people who pay for health insurance still should expect hundreds of dollars or more of healthcare expense if they get sick or injured. For millions of individuals and families, emergency medical costs are the number one reason why they must find a short-term loan, somewhere somehow. And this is a reason why working people, particularly working people with children, often rely on cash advance loans found via the Internet. Helped Me Out

“With four school-age kids at home, someone always needs something. Whether its sports equipment, new shoes or paying for extra curricular activities, I can always count on AAA Payday Cash for a cash advance until my next paycheck. I appreciate their fast service and the customer service representatives are always very helpful.”

Marlena – Cincinnati, OH

Why do people use a payday advance loans?

The criteria by which paycheck advance loans are made are far less stringent than with traditional loans and credit cards (see "eligibility requirements" section below).

But the speed at which these loans are made is perhaps the primary reason why these loans have become so popular in recent years. From an online application, the money is deposited electronically into the borrower's checking account in 1- 2 business days. For such things as medications, food, housing and transportation costs, a cash advance loan comes through when the borrower needs it – which is almost immediately.

This is why people get payday cash advances – most often, online payday loans. It's a way to keep up with bills even when your payday is inconveniently timed.

How do cash advance loans work?

This type of loan is mostly transacted online. The borrower simply needs to complete the application (which

takes about ten minutes, often less) from their computer – no phone calls, no faxing required. The lender is able to confirm employment status and wage rates very quickly, after which a confirming email is sent. The money is deposited electronically overnight if the application is completed early enough in the day.

The loan payback is automated. The borrower pre-authorizes an automatic withdrawal from their checking account after the next paycheck date, when the paycheck is posted and available. The borrower really does not need to get involved other than to make sure there is sufficient cash to cover the loan payback (note: you cannot borrow an amount greater than your paycheck).

Why should you use

With so many lenders to choose from, it is understandable that borrowers can pick and choose their payday lender.

But not all lenders are based in the U.S. ( is), and not all operate according to U.S. banking laws ( does). Further, not all lenders provide customer service support via phone or email to answer your questions.

What are the eligibility requirements?

  • Active bank account for 90 days or more.
  • Active/current job with 90 days of employment.
  • Direct Deposit is required.
  • No Military personnel loans.
  • Minimum net income of $1,000 per month for employed and $800 for SS or retired.

About cash advance loans

Payday advances are short-term loans made to working people. They are of modest size, $100 to $1000, depending on the borrower's wages, and designed to be repaid within one month. As a company based in the U.S.A. understands not only the needs of borrowers – loans are typically used to pay for housing, transportation, food, medicine and education – but the fact that a cash deficiency can incur greater costs in late fees and penalties. A first loan must be repaid before a subsequent loan can be made.


Category: Payday loans

Similar articles: