How A Cash Advance Can Help You Get Through A Short-Term Crisis

Oct 23, 2013 by

How A Cash Advance Can Help You Get Through A Short-Term Crisis

Are you struggling with a short-term cash problem? Are you looking for a quick and easy solution? A non-secured Cash Advance loan can help solve your short-term financial emergency. A payday loan or a cash advance loan is a short-term loan that is held against your next check allowing you to cover those unexpected emergencies or cash flow problems. There is normally no credit check involved and you can have your money when you need it, no unnecessary waiting and worrying. Payday loans are popular because they are flexible, simple and get the money in your hands fast.

Reasons You May Need a Payday Loanred-cross-bandaids

  • Car Repair will be needed if your car breaks down and you have no access to transportation. It’s important for you to have transportation so that you can get to work. Quick cash can help you get your vehicle repaired before your next paycheck so you can continue to get to work.
  • Many people today are uninsured. You can have a medical crisis that can cause financial problems. You may need to pay for medicine or medical emergencies that you were not expecting. Doctor office bills alone can cost anywhere from $60 and up.
  • Unexpected Bills such as higher utility bills due to warmer summer or colder winter. Extra money may be needed to keep them from being disconnected. School expenses or legal expenses due to divorce or court proceedings.
  • Travel expenses due to the death of a family member or moving out of state. If you live out of town you will have unexpected travel expense to attend funeral services, etc. If you or your child are attending college out of state, you will have travel expense for that as well.
  • For a family illness or death you may have to come up with some money to help pay for the funeral expenses.
  • Taxes such as your property tax or income tax that needs to be paid.
  • If you were in an accident and need to have your car repaired, you may be required to pay a deductible.
  • Storms such as hurricanes, tornadoes, hail or floods can occur at any time. You may need fast cash to have tree limbs or other items that have been damaged by storms removed until you can get your insurance check. You may need cash so that you have temporary shelter available for your family as well such as a motel room. Insurance checks can sometimes take weeks before they get to you.
  • Veterinarian bills. Most people don’t carry pet insurance. What happens if your pet runs out in front of a car and get hit? If your pet has an illness and needs emergency surgery and medicine how will you pay for those expenses? A pet crisis can be expensive. An average emergency pet surgery could cost up to $1500.

General Payday Loan Requirements

  • Must meet the minimum age requirement of at least 18 years of age.
  • Must have proof of income. Income levels vary with each lender. The cash loan is secured against your income. If you don’t have the required income your loan cannot be processed.
  • Must be employed. Some lenders require a certain amount of time that you have to be on the job such as 3 months.

How to Get a Payday Loan

  • Determine how much cash you require.
  • Apply for the loan. It’s fast and easy. You will fill out a simple application online, in person or by phone. You will need basic information such as job and income verification and checking account information such as your checking account number and bank routing number.
  • Once approved, your money will be given to you directly or deposited into your checking account according to what was set up during the application process generally within 24 hours or less.

You don’t need to struggle with short-term financial problems. When you borrow responsibly, payday loans can help you get through a short-term financial crisis until you get your next paycheck. They are designed to give a person an extra boost when cash is needed that cannot wait. When applying for a cash loan, have a clear understanding of the loan requirements, lender fees and interest rates as these vary from state to state and lender to lender.

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