When unexpected emergencies or expenses arise, we may sometimes find it difficult to obtain the cash we need. This is particularly true for people living under a stringent budget every month. Some people are also highly dependent on their salary for survival. So when emergencies strike, they tend to loan money from friends and family members. The problem is – there is no guarantee that someone would lend them the money every time it’s needed. So what can be the next option? You can opt to apply for cash advances from cash service site.
Personal Cash Advances
This is one form of short-term loan which aims to offer loanable cash to people who are in dire need of it. It can be in the form of a payday loan which makes it payable within a short period of 14 days or up to the next payday. Some cash advance providers may offer longer repayment cycle especially for the non- first timers. The amount of cash you can borrow may vary depending on consumer practices of the state.
Advantages of Using Cash Advance Services
• Money can be obtained within 24-48 hours.
• No need to worry about stringent credit and background checking. As long as you can prove that you are employed or you have a steady income, then you can apply for it.
• Inquiries can be made via the web, on the phone or through e-mail. Most businesses offering this service accept initial inquiries online.
• No need to show or provide any collateral. You just have to ensure that you can pay the loaned amount on time.
• Even those without a bank account can avail. They can have their money through prepaid cards instead.
• For people who remain to be in good payment standing, applying loans for the second or third time would essentially be a breeze.
• Most companies also offer referral bonuses to people who can convince others to apply for a loan. Referral bonuses can be up to $500.
• These services are also linked to other money services. Being a good payor can automatically help you avail of other forms of loans.
So, if you have finally made up your mind and plan to apply for cash advance soon, you need to fulfill the following basic requirements to qualify:
• Are you at least 21 years old? Some companies also offer short-term loans to those who are 18 years old. This will highly depend on your proof of income.
• Do you have a job? Submit your proof of income and make sure that the documents are authentic.
• Having a bank account can be an advantage, too. However, there are now establishments that use this as a secondary requirement.