Billings, MT 59105
Colorado Springs, Colorado
1826 E. Platte, Suite 203
Colorado Springs, CO 80909
Cash Advance Loans Can Actually Make You Save Face Ė Hereís How
A Cash Advance loan is none other than a paycheck or payday loan going by another name. Full repayment is due on the date your next paycheck comes in, hence the term paycheck loan. Paychecks come in on a weekly, bi-weekly or monthly basis so interest rates are adjusted on the actual day count. Some loan providers, however, just require a flat rate regardless of the number of days. This is why it is a good practice to browse the net to compare loan companies.
Most job holders are paid weekly or every other week. Some people, including those who receive disability and social security payments, get their payments once a month. Lending companies are willing to offer loans with individuals who do have a steady income. Cash advance loans are not a form of credit extension. They are simply small short-term loans to cover urgent cash needs between paydays.
Getting a cash loan online is convenient and time-saving. Simply fill out an application form online, wait a few moments for the approval and your requested Cash Advance loan will be deposited electronically into your checking account for immediate use.
Online cash loan providers will ask the same requirements as a brick-and-mortar payday establishment. Apart from having a regular income, the borrower must have an active checking account and must not be younger than 18 years. They have to give out information of their personal identification and provide three names for reference.
Most lenders donít need faxed documents and wonít require you to furnish a copy of your check. They will ask for your account number and bank routing number to get your loan processed. Repayment is carried out automatically on the due date by way of an ACH withdrawal. If you fail to pay on time and the bank has insufficient funds to cover loan payment, then it is considered as a bounced check.
Interest and other charges for paycheck loans are higher than those of regular loans, a small price to pay for minimum hassle, no embarrassing credit check and fast cash. The fees vary from $15 to $25 for every hundred dollars borrowed. This is much cheaper than having to pay charges for missed credit card payments and late fees. And it gets your bills paid on time.
Taking out an online Cash Advance can be done in the privacy of your own home. It will spare you the embarrassment of borrowing emergency cash from co-workers and friends. GP