Frequently Asked Questions:

payday cash advances

Cash Advance / Short-term Loans

What are cash advances?

A cash advance is a short-term loan or deferred deposit transaction. They can be a convenient and practical short-term credit option. By using a cash advance responsibly, you can effectively deal with unexpected financial emergencies.

A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions.

What items are required to get a cash advance/short-term loan?

• Valid driver's license or other state-issued photo ID

• Proof of income or recent pay stub, or some other form showing Social Security number and take-home pay

• Checkbook with your pre-printed checks (starter checks may be permissible in some states)

• Most recent bank statement

How much money can I get?

The maximum amount available varies from state to state. Working within each state's laws, you may qualify for a particular advance amount based on your current income and the

lender's credit standards. You may not always be able to get as much money as you would like, but a cash advance/short-term loan should only be a part of your financial solution—the product wouldn’t be helpful if you could borrow more than you can repay.

Is the amount based on my credit?

Even if you have "bumps and bruises" on your credit, you are likely to qualify for one of our loans.

While we do not use traditional consumer loan reports from Experian ®. TransUnion ® and Equifax ®. we do verify your information through third parties.

Why should I get a cash advance/short-term loan?

You might consider a short-term cash advance as a financial tool to use as an alternative to bounced checks, late payments and tarnished credit ratings. They allow you to meet unexpected expenses or provide a short-term cash need between pay periods. Remember, they are not designed to be a long-term solution for managing your finances. Excessive use of cash advances may create financial hardships. For assistance with your personal finances:

Source: www.cashamerica.com

Category: Payday loans

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