Category: my bank

Getting a payday cash advance

Sometimes you may find that you’re a little short of cash and payday still seems a long way off. Getting a payday cash advance may just help you survive.

There could be many reasons why that’s the case. That washing machine that’s just broken down or the child that’s just come in with their coat ripped beyond repair – things such as these may need cash ‘now’ and they just won’t wait until you next get paid.

A payday cash advance operates to help you in such circumstances. It is a quick, same day loan facility designed to offer very fast access to typically smaller loan amounts. This form of cash advance loan is typically repaid in full on your next payday or possibly the one immediately after.

This helps you keep in control by avoiding long-term debt repayment commitments.

As these loans are aimed at smaller amounts advanced over shorter periods, the lenders are typically able to offer fast decisions and access to cash without lengthy formalities. As a general rule, all that’s required is:

1 – you make an online application – you’ll typically get a quick decision;
2 – if the decision is ‘yes’, the money will be sent automatically (often in less than 2 hours though it may arrive the next day depending on whether your bank can accept instant transfers) directly to your bank account;
3 – on the agreed payday date, your bank account will be debited with the loan and charge amount as pre-agreed with the payday loan company.

Of course, any loan requires that you meet certain minimum criteria but with cash advance loans the requirements may be less demanding than with other longer-term loans and may also not require a full, in depth credit check. To be eligible to apply for fast cash advance loan, you may need only to show that you are:

1 – in permanent employment and receiving a regular salary;
2 – not trying to borrow more than is sensible given your salary;
3 – a United States resident at a permanent address and with an active bank account.

As these loans are typically for smaller amounts repaid quickly, the lenders may even be more relaxed about problems with credit histories – providing these are not too severe.

A payday cash advance could help you survive a crisis one month and may be a solution when a fast cash injection is needed.