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What
is a Cash Advance, Payday Loan,
or Paycheck Loan?
A payday
advance provides you with an unsecured,
short-term cash advance until
your payday. Customers choose
payday advances to cover small,
unexpected expenses while avoiding
costly bounced-check fees and
late payment penalties. With Personal
Cash Advance you can apply for
a payday loan online and have
your advance electronically deposited
to your checking or savings account.
What
about Qualifying?
Qualifying for a payday advance
is easier than qualifying for
traditional credit. Personal Cash
Advance does not perform credit
checks. Your job and your paycheck
act as your collateral. You only
need to meet the following requirements:
- You're
currently employed or receive
recurring income regularly.
- At
least $1000/month if
employed or $800/month
if on a fixed income.
- Your
paycheck is direct deposited
into your savings or checking
account.
Do
I need anything else?
After completing an application,
you will be asked to fax in copies
of the following documents:
- Copy
of drivers license, State issued
ID or Military ID.
- Copy
of a bank statement within the
last 30 days.
- Copy
of a personal check marked "VOID".
- Copy
of your most current pay stub.
Does
the process take long?
Customers typically receive approval
within hours of applying. Since
the money is wired directly into
your checking or savings account,
you can usually have access to
your funds the very next day
What
if I have bad credit or a bankruptcy?
Not a problem! Personal Cash Advance
does not obtain a credit bureau
report to qualify you for a cash
advance payday loan.
What
about collateral to receive a
loan?
No. Your job and your paycheck
are your collateral.
Do
I need direct deposit?
At this time we can only process
your loan if your paycheck is
direct deposited; it is the most
secure way to offer loans as quickly
as we do.
Is
there an application fee?
Personal Cash Advance never charges
applicants a fee to qualify for
a payday cash advance loan.
Do
provide payday loans in all 50
states?
Yes, at this time our lender is
able to provide payday cash advance
loans to clients in all 50 states.
Click here to Apply.
Do
you offer payday loans to Canadian
Citizens?
Yes, we do have a Canadian payday
loan lender, please click on
This
Link To Apply.
What
if I need to reprint my Loan Agreement
documents?
You may contact us info@cash-advance-quick.com
and we will assist you.
Is my
application and financial information
secure?
Absolutely. We respect our customer’s
privacy needs in managing their
personal finances. Our site uses
a variety of security measures
to maintain the safety of your
personal information. All sensitive
information transmitted between
your browser and our website uses
128 bit Secure Socket Layer (SSL)
encryption technology.
How
often should I use this service?
Whenever an immediate or urgent
need arises, Personal Cash Advance
is here to help. It is important
to remember that a payday cash
advance loan is a short-term answer
to an immediate cash need. Payday
loans are not intended for repeated
use in supporting an on-going
budget situation from payday to
payday. Repeated use or reliance
on payday loans can create serious
financial difficulties. If you
need help with credit, budgeting
or debt management, please contact
the National Foundation for Credit
Counseling at 1-800-388-2227.
How
is the payday cash advance loan
amount determined?
State law regulates and limits
the maximum advance amount to
between $100 and $500. Within
that range, you qualify for a
payday advance amount based on
your current income
How
are fees established?
Our fees are competitive and in
compliance with all applicable
state and federal laws.
Why is there
so much information in the Loan
Agreement?
The Agreement is a contract that
complies with all applicable state
or federal disclosure requirements.
It completely outlines the terms
of the payday advance, including
the cost of the service fee both
as a dollar amount and as an annual
percentage rate (APR).
How
soon do I have to pay back the
loan?
Payday cash advance loans are
generally repaid back when you
receive your next paycheck. The
standard time for loan repayment
is usually no less than seven
days and no longer than eighteen
days. Of course you may also pay
back your loan at anytime without
any prepayment penalties.
What
if I can’t repay the payday
loan in full on my due date?
We have different payment options
available for our customers:
1.
Paying the loan in full on the
maturity date listed on your loan
agreement.
2. Paying the finance fee
and a portion of the principle
on or before the maturity date.
3. Paying only the finance
fee on the maturity date.
Some
additional terms and conditions
may apply. Please ask your loan
consultant about all of the repayment
options.
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