Personal Cash Advance

There comes a time in your life that nothing can prepare you for. Your car could have ran into some trouble or you may have overlooked a bill past due, but whatever the case and however you look at it, you may need some money to help you out until your next payday. When you are put into a tough situation, a personal cash advance may be what you need to find a quick way out.

A personal cash advance, also known as a payday loan, are loans that you can acquire that range from $100 to $1500. These loans, with interest rates attached, are to be paid back with your next paycheck, often with the option to “roll over” your payment until the following payday. To get a personal cash advance, you must be a US citizen, be steadily employed, and also be at least 18 years of age or older.

You can obtain a personal cash advance through a variety of lenders, which can be found online, in phonebooks and also at locations around your hometown. The most popular choice is to find lenders online because of the seemingly endless lenders that you can choose from. Finding lenders in your hometown or outside of it may be more difficult and you may also not get the best deal because of the lack of lenders you can choose from within a convenient distance.

A lender of a personal cash advance may or may not do a credit check on you before approving your loan. For those that do credit checks, you will often find lower interest rates and penalty fees in your contract. For those who do not carry out credit checks, you may be confronted with high interest rates and harsh penalty fees to make up for the lack of financial security.

A personal cash advance can be received in as little as a half hour in your bank account as soon as it is approved online, or it can be given to you in cash or as a check. No matter how you receive your money, make sure to verify how it must be repaid. You may be required to send a postdated check in return, deliver cash to a physical location or send money online. Some lenders may also ask permission to withdraw the amount from your bank account themselves at the appropriate date.
With careful consideration of all your options, a personal cash advance may have you well on your way to surviving until your next paycheck.More...