What is a Cash Advance Loan?
Loans can be confusing: cash advances, personal loan, payday loan, secured loan, and so on. How are you supposed to understand all these terms and make a smart decision about your finances?
A Cash Advance Loan is a short-term loan you obtain and typically repay on your next or following payday. It is also know under the name “payday loan”.
The idea of getting cash this week to pay the bills is a big relief. But then you turn to lenders and websites and advertisements and feel confused and uncertain.
What we want you to know is that a cash advance is actually a very simple, easy-to-understand product. It’s something any working adult can get and benefit from. You have bills to pay that are weighing on your mind and causing stress. We have a solution, and it’s actually really easy. Let us fill you in on the details and you can try this cash advance knowing what you’re getting into and totally risk-free.
How Does a Cash Advance Work?
A cash advance is an effortless way to borrow money. It’s designed to be simple because working people like you just don’t have time to mess around with loans. Your job and your family come before time spent at the bank or in a loan office.
What our lenders do is offer small, short-term loans, often called cash advances or cash advance loans. You borrow between a couple hundred and up to a couple thousand dollars per loan, use it however you need, and then repay it with your next paycheck.
The process has been streamlined through every step to make it easier and faster for you. From the time you begin the application to getting cash in your hand is often less than 24 hours. These fast results are perfect for times when you just need the money, when bills are nearly due, and when you’re facing feels and creditors if you can’t cover the costs in a few days.
What Do I Need for a Cash Advance?
Getting approved for a cash advance just got easier thanks to our recognized lenders. Trying to get approved for some loans is as difficult, and as painful, as walking over hot coals. It sometimes seems impossible and overwhelming.
We developed an approval process that’s so much easier and stress-free. The lenders we work with have just a few simple requirements:
• Have a job
• Earn at least $1,000 per month
• Be a legal resident and at least 18 years old
• Have a bank account
If you can meet these, and if you have a job you probably can, you can get approved. Instead of spending hours applying for other loans only to get denied, try our simplified approval, which is great for beginner borrowers.
This cash advance is especially useful for anyone with lower credit scores. Your credit score may be low because of some past mistakes, but you shouldn’t be judged for those things forever. Some lenders will discount you immediately if your score doesn’t meet an arbitrary minimum number. This is exclusionary and eliminates a lot of people from getting approved. With our lenders, you can still get approved with bad credit. In fact, these loans were meant for people with lower credit scores. It was designed just for you.
Is a Cash Advance Bad for Your Credit?
Speaking of credit, you may be worried that taking out a cash advance will cause even more damage to your score. But, if you do this right it doesn’t have to be a concern. The surefire way to avoid lowering your score even further is to repay your loan on time and in full.
This is the big secret that not everyone knows: you have to use a loan responsibly. If you borrow more than you can afford and are unable to repay on time, no matter who the lender is or the type of loan, it will probably be reported.
That being said, our lenders make this really foolproof. When you borrow with our lenders, they will set it up so that your loan gets repaid automatically when it’s due. All you have to do is make sure your paycheck goes into the account you list on your application. On your next payday your lender will take out what you owe. It’s actually impossible to forget when the loan is due.
So, what happens if payday rolls around and you’re not sure you’ll have enough money in the bank to make full repayment? If you ignore this potential pitfall, it could damage your credit score. But, if you act quickly, you can fix it. As soon as you realize there will be an issue, contact your lender. Calling is best.
They will most likely be able to give you an extension on the loan. This gives you more time to repay and a chance to avoid the dreaded drop in your credit score.
Can I Do a Cash Advance Online?
You bet, and this is the number one reason people turn to our lenders. It couldn’t be easier to get a cash advance these days. At GreenLeafLoans.com, just use the application. Fill in your information, submit it to our pool of lenders, and let the best lender for you take the wheel.
That lender will get to work immediately to get you approved. Next, you’ll get redirected to a loan document to review the terms. This is also where you’ll see when the repayment is due and exactly how much you’ll owe. There are no surprises or tricks here.
You can apply with a computer, or if you don’t have easy access to one, use your phone. Our site is mobile compatible, so applying from wherever you are is a piece of cake. It’s fast too. Take just a few minutes out of your already busy day to get this chore done.
Are you ready to find out firsthand how easy it is to get a cash advance loan? Thanks to GreenLeafLoans.com, you can apply right now and start solving your money worries immediately.
If you like this blog, you may also like: Is GreenleafLoans.com really a Legitimate Company for Payday Loans?
If you prefer another type of loan, you may also try: Installment Loans for a Budget
Another Option for those who just can’t wait: Cash Loans Wired in 1 Hour
