Quick Cash Loans to the Rescue

If someone told you that you could apply for a loan today, and have the money in hand by tomorrow, would you believe them?

It’s true.

It’s called a quick cash loan, and getting one is fast, easy, and hassle-free.

Let’s say you have an unexpected medical expense. Or it was a cold month and your heating bill is higher than normal. Or you went on a weekend trip and spent more on gas and food than you had planned. Whatever happened—you’re short on cash and you need help fast. Payday is still a week away, so what do you do? You apply for a quick cash loan.

Apply In-Person or Online

Payday loan venders have storefront locations in most metropolitan areas. If you prefer working face-to-face with people, find one near you and discuss their terms with them.

You an also apply online from the comfort of your home, which allows you to compare multiple vendors and choose from the best rates. Either way, the application process is similar.

Applying Is Easy

You will be asked to complete an application asking for basic information, such as your name, address, phone number, and social security number. You will also be asked to verify your employment and provide proof of your bank account. If you apply online, you can do this with your employer’s name and number and by providing your bank routing number and personal account number. Once this is verified, and your application is approved, you may have your money in as little as 24 hours.

When you apply online (some storefront locations also offer this option) the cash will be directly deposited into your bank account. So even if you’re stuck out of town without cash—you can access your quick cash loan from any ATM.

Money When You Need It

Life is full of emergencies, and emergencies usually require money to fix. If you find yourself in one of life’s unpredictable moments, you know where to find the emergency cash you need—apply for a quick cash loan.

 

Payday Advance Loans

If you are gainfully employed, but find yourself short of cash for one reason or another, you could benefit from a pay day advance loan.

A payday loan allows you to borrow money against your next paycheck. If you can provide proof of employment and a personal bank account, you are eligible to apply. It is free to apply so you don’t have to worry about a bad credit rating. Because your loan is designed to be paid with your next paycheck, you don’t incur any long-term debt.

The Process is Quick and Easy

It’s easy to apply for a cash advance loan. If you prefer, you can apply in person at a storefront location, where you will be asked to complete a simple application. You will need to provide recent paystubs as proof of employment, as well as a bank account statement. You will also need to provide your social security number.

If you are approved, you will receive your check the next business day, which you can then deposit into your bank account. Depending on your lender, you may be able to repay the loan with a post-dated check, or be asked to return on the day the loan is due to make payment.

Online Applications Are Available

Another option for a paycheck advance loan is to apply online. The process is similar but does have several advantages. You’ll be able to apply from your personal computer in the privacy of your own home.

Just like at the storefront location, you will be asked to complete an online application. In lieu of physical documents, you will be asked to provide your employer’s name and phone number, as well as your bank account number. The lender will be able to verify your employment and banking account status through these numbers.

If you’re approved, the money will be directly deposited into your banking account (the number you provided) usually as fast as next business day. You can then withdraw the money wherever you are, from any ATM. With this arrangement, you can also schedule an automatic withdraw from your account on the date the loan is due. This helps you avoid the late fees and higher interest rates associated with extended loans.

Consider a Pay Day Loan

If you find yourself in a cash crunch, for whatever reason, you don’t have to panic or feel guilt about your situation. Financial emergencies happen to all of us. A pay day advance loan is a viable option to help you through those tough times.

 

Direct Deposit Makes Payday Loans Easier

Our modern society moves fast, and so does our money. Have you noticed that more and more of our business, social and financial transactions happen online? We can get our paychecks directly deposited into our bank accounts, we can pay bills online, and more and more of us simply swipe a debit card to make a purchase.

A paycheck advance is no different. If you are approved for a fast cash loan, you can have the funds deposited directly into your account, ready for you to use however you need. Direct deposit of your cash advance loan is quicker, easier, and safer.

The Benefits of Online Banking

Applying for a payday loan used to be complicated. You would have to drive to a storefront location, fill out an application, provide paystubs and bank statements, fax it all in, and wait for an answer. And then you had to wait for your check.

Now you can apply online. When you apply for a cash advance loan, the two main requirements are that you are employed and that you have a viable bank account. By providing your bank account number, you provide your lender with the ability to deposit funds directly into your account. The money is usually deposited within 24 hours of approval and you don’t have to worry about a check being stolen or lost.

Direct deposit is especially handy if you need an emergency loan while out of town. Let’s say your car breaks down on a weekend trip. Or you run low on cash while your family is on vacation. Apply online for your payday loan, have the funds deposited into your bank account, and the money is there for you to use from any ATM, no matter where you are. You don’t need a storefront lender or a home bank.

Automatic Payments

You can also arrange to have the loan payment automatically withdrawn from your bank account—a smart financial move. If you miss a loan payment, you can be charged late fees and additional interest charges. By scheduling your payment to be made electronically on the date of your next paycheck, you never have to worry about remembering when your loan is due. The arrangements are made when you are approved for the loan.

With most of our other financial transactions happening online, it makes since to have your cash advance direct deposited as well. It’s quick, it’s easy, and it ensures that you’ll never miss a payment.

 

What is a Cash Advance Loan?

A cash advance loan is a short-term loan to help you through a cash shortage. They are tied to your paycheck, approval based on your employment history and proof that you can repay the loan with a future paycheck.

Cash advance loans are also known as payday loans, paycheck advance loans, quick cash loans and short-term cash loans.

Here’s how they work…

You find yourself short of cash. It happens to all of us and for a variety of reasons…your insurance premium is due, you need to attend a friend’s out of town wedding, your car breaks down…any unexpected expenditure of cash can put a dent in your finances and leave you short of cash. A quick cash loan can help you out of this short-term crisis.

How You Apply

If you prefer to work with someone face to face, you can find a payday loan lender in your area, and apply at their place of business. Or you can apply online. The latter method has many advantages. Applying online takes less time, less effort, and offers you greater privacy.

By doing an online search for cash advance lenders, you can compare terms and narrow your choices. Apply to the lender that works best for your circumstances. You’ll be asked to complete an online application, and provide your employer’s name and phone number, as well as your bank account number. If you are approved, the lender can deposit the loan directly into your bank account. You can also arrange to have payment of the loan automatically withdrawn on your next payday—thereby avoiding late fees and other fines.

How They Can Help?

Used correctly, cash advance loans can help you navigate through temporary financial hardships. Let’s say, for example, you did some back-to-school shopping for your kids, and now the bill is due but you don’t have enough to cover it. Paying bills late can lead to large late fees and fines that can greatly increase the amount of the original bill. Although there are fees associated with a payday loan, they are probably less than the late fees associated with missing a payment on a store credit card. As long as you arrange to pay the cash loan back from your next paycheck, you can make your payment, avoid late fees, and get yourself back on budget.

A cash advance loan is quick and easy to apply for. You can apply from the privacy of your home, have money directly deposited to your bank account, and have the loan payment automatically withdrawn when it’s due. You won’t have to ask for a paycheck advance from your employer, borrow from family or friends, or rack up interest fees on your credit card. Get the cash you need now, and use it to get back on track financially.

 

Understanding Debt Consolidation Loans

If you currently owe money to several different lenders––credit cards, store cards, short-term loans––a debt consolidation loan may help you gain control of your financial troubles.

Debt consolidation allows you to combine all your smaller loans into one big loan, creating a simpler, workable solution to an out-of-control debt load.

The Problem with Multiple Loans

By consolidating all your individual loans, you can reduce numerous payments into one. Multiple payments means multiple due dates to keep track of. If you miss one, you’re charged with expensive late fees––and if your money is going to pay late fees to your creditor, it’s not paying off your debt. Over time, making multiple late payments will also negatively affect your credit score.

Another reason to consider consolidating your loans is the amount of interest you are being charged each month. Store cards and credit cards have notoriously high interest rates, so if you carry your debt from month to month, a good portion of your payment is being used to pay interest charges.

The Benefits of Consolidating Your Debt

A debt consolidation loan may help solve these problems. Your many, individual loans become one bigger loan, leaving you with a single payment each month. Sometimes debt consolidation lenders can negotiate with your current creditors to reduce the amount you owe, reducing your overall debt. They will also structure the loan to create a workable monthly payment that fits within your budget.

You will be charged an interest rate for the consolidated loan, but it will likely be much lower than credit card or store card rates, saving you money in the long run. And as long as you make your payment on time, you won’t be charged any late fees (something you can manage by arranging an automatic withdrawal each month from your account).

A smaller overall payment combined with a lower interest rate means you’ll be able to pay off your debts more quickly. And if you meet all the obligations of your loan, by the time it’s paid off, you’ll have gone a long way toward repairing a negative credit history.

Debt Consolidation May Work for You

If you find yourself swimming in debt, with multiple loans and high interest rates, a debt consolidation loan could be the way to simplify your budget, pay off your creditors, and gain control of your financial future.

Bad Credit? You Can Still Get a Cash Advance Loan

If you have bad credit, or no credit at all, you can still qualify for a cash advance loan.

Hard times happen to all of us, especially in a faltering economy. Maybe you lost your job, missed a few payments, and got behind on a loan—banks can be unforgiving about that. Before you know it, your credit is ruined. You’ll be denied for a traditional loan, and either denied for a credit card or offered one with very high interest. But if you need emergency funds, you haven’t run out of options.

Even with bad credit, you can apply for and receive a payday loan. To qualify for a payday loan you need steady employment with a regular paycheck, and a bank account. That’s usually it. If you can provide proof of employment and your bank account number, you will be eligible for a paycheck advance.

Payday Loans Can Help You Avoid Future Financial Problems

Modern paycheck advance loans have built in safeguards to make sure you don’t run into more financial hardship. These short-term loans can now be applied for online. You can do a quick search for fast cash lenders and compare rates, finding the best deal for you.

If you are approved for the loan, your lender can deposit the funds directly into your bank account. You can use the funds as needed to take care of your cash emergency. And just as the funds are directly deposited into your account, they can be automatically withdrawn on the date of your next paycheck. This means you never forget to pay the loan on time—thereby avoiding late fees and additional interest charges—and you won’t accidentally spend your money on something else before paying back the loan.

Get the Cash You Need And Rebuild Your Financial Future

If you’re in need of fast cash, and you can’t rely on other forms of lending due to bad or no credit, consider a payday loan. You can get the cash you need, and arrange your loan so it is paid back on time with no further obligations.

A cash advance loan is a good way to take care of the financial emergencies that happen to all of us, without going into more long-term debt. By managing your financial obligations through responsible borrowing and payment, you can rebuild your credit history.

 

Personal Loans vs. Payday Loans

Which One Is Right for You?

If you find yourself in a situation where you need money, and the only way to get cash is to borrow from a lending institution, your next thought will be—“Should I get a personal loan or a payday loan?”

To determine which type of loan is right for you, ask yourself these questions:

• What do I need the money for?

• How long will I need it?

• How quickly do I need it?

Personal Loan

A payday loan is usually for smaller amounts of money to help you through a short-term cash crisis. You can think of it as a bridge loan to yourself—borrowing only until you receive your next paycheck.

There is no risk involved with a cash advance loan, and no collateral is required. The only requirements are regular employment and a bank account. You are charged financing fees for the loan, but they are often in the form of an up-front, flat fee. If you repay when scheduled—usually your next paycheck—then your commitment to the loan is done.

And payday loans are quick and easy. Applying for and receiving the loan are usually done in less than 48 hours.

Choose the Right Financial Tool

Both personal and payday loans can be excellent tools for managing your personal finances. Which one you need depends on several factors. Educate yourself on the differences, assess your needs, and choose the right loan for you.

*Lenders typically will not perform credit checks with the three major credit reporting bureaus: Equifax, Experian or Trans Union. However, Credit checks or consumer reports may be obtained by some lenders.

What You May Not Know about Payday Loans

Payday loans often get a bad rep, and in some cases there is good reason. There are bad lenders and scams out there, as well as those that simply do not understand the process well enough to make an informed decision and handle it wisely. The fact is, however, that payday loans can be used to keep finances in order or to keep them from getting any worse than they already are. Financial problems are bound to come up, and a payday loan can mean the difference in a minor bump in the road or a full on cataclysmic financial disaster. Here are some positive things you may not have heard about payday loans.

You Can Get Installments

Though many of you must pay back in one lump sum with your next paycheck, there are some lenders that offer the option of two or three installments. This can be helpful if paying back the loan in a one lump sum could cause more financial turmoil.

They Can Help Your Credit

A payday advance loan could actually give you a credit boost. If you have poor credit you may not get that chance anywhere else as you are unlikely to be approved for any other type of loan. By taking the payday loan and paying it on time, you will only help your credit score. This is even truer if you get an installment loan, as it will show you are able to make consistent payments on time.

There are Limits

Contrary to popular belief, payday lenders do not just hand out money to anyone, and they do not hand out large amounts. While the eligibility requirements are few, at a minimum a borrower must be of legal age and have a job. Still, loan amounts are based on income, meaning they will not lend you more than what you would make on your next paycheck, or if they do it will be considered an advance on more than one check. Generally loan amounts are a percentage of pay check amount.

If you truly understand how a payday loan works, you can definitely use it to your advantage. Remember you will not be able to get more than you pay with your next paycheck in most cases, but you may need that paycheck to cover regular expenses a well. Consider your options for how to do that, from borrowing from a friend to having a garage sale. Also remember, as great as it can be for your credit if you pay in time, it can be equally bad for your credit if you do not. Take the time to consider your options, and if a payday loan is right for you, it could be a decision that will save you from financial ruin in the long run.