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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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