It can be frustrating when you are in need of quick cash and have no one to turn to. These days getting a cash advance is quick, effortless, and almost guaranteed. The process is paperless and in most cases, you can get cash wired into your bank account within 1 hour.
If you are in need of emergency cash to pay for an unexpected payment, you may want to consider getting a cash advance. Financial experts recommend comparing at least 3 lenders for the lowest rates.
Cash advances are short-term personal loans and understanding when not to apply for them is very important. To prevent unnecessary financial pitfalls, we recommend work according to the following guidelines:
Unnecessary expenses - Anything that is not financially important, including: Shopping for clothes, games, toys and any luxury expenses.
If you find yourself with no other means of getting cash and you need to pay for an unexpected or immediate payment including: Electric bills, rent, insurance, car repair and any other important payment or bill you need to pay off, consider getting a cash advance.
Before applying, make sure that you will have enough money to repay the loan with your next paycheck.
The following requirements will guarantee your approval:
If you meet all the above requirements then you can be approved instantly.
Cash Advances do not require a credit check and donít have any effect on your credit score, therefore lenders donít look at your credit ratings, nor will your credit ratings have any effect on your cash advance rate.
In other words, people with an excellent credit score and people with a bad credit score are quoted the same rates.
Financial experts recommend that you compare as many offers as possible (at least 3).
Why? Simply because you will find that different lenders offer different rates. It is important to understand that since there is no credit check, comparing multiple rates from different lenders will have no effect on your credit score.
The online forms that you fill out do not require you to commit yourself to the loan, they just offer you the rate, and according to those rates, you can decide whether to work with the lender or not. To learn more about comparing lenders and negotiating cash advance rates download our cash advance guide.