How Cash Advances Work

Cash advances are a type of loan designed to be short term and helpful to people with immediate needs that cannot be satisfied by taking out a conventional loan. There are several differences between a conventional loan with a lender, such as a bank, and a cash advance or payday loan and cash advance cards make those differences even better.

• Cash advances are faster: You can receive your cash advance in just a few days or hours as opposed to the weeks it takes to receive approval for a conventional loan.
• Cash advances require no credit check: If your credit is less than perfect due to past issues with credit cards or lenders or trouble with federal loans or repayments to the IRS, that likely will not stop you from receiving a payday loan that you apply for.
• Cash advance cards can be loaded and reloaded: Once you have paid back the money on a cash advance loan or card, you can keep the card for instant access to your funds the next time you take out a loan. You don't have to worry about keeping a bank account in good standing in the interim in order to receive your money.
• Cash advances have lighter requirements: In order to receive a traditional loan you must go through a lengthy application process, have your credit checked, your income verified and other features of your life verified with much paperwork and faxing required from you
• Cash advances do not saddle you with long-term debt: One of the best things about a cash advance loan or cash advance cards is that the loan is short-term, requiring repayment usually within just a few weeks whereas a conventional loan could take years to repay.

You can apply for a cash advance and a card through this site in a very short period of time, relying on our research to choose the best lenders available and allowing them to be a part of the vast network of cash advance and payday loan centers that are qualified to assist you.

A Word on Interest

Cash advances and their cards are not charged a regular annual percentage rate of interest like conventional loans. The fee for taking out a cash advance is expressed in terms of a fee per $100 that you borrow. If the fee for the lender you choose is $16 per $100 and you borrow $400, you will be required to pay $464 when your loan term is up - usually on your next payday. When using cash advance cards there may be additional fees and requirements - check your documentation carefully.