Top 10 Reasons to Borrow Cash Advances Online
Posted on Sunday, August 15th, 2010 at 10:04 am in Helpful Payday Loan Info
1. Get cash wired in 1-hour. Most state-licensed online payday lenders approve cash advances up to $1,500 in 1 hour and deposit cash in your account the same day. You’ll know right away when you’re approved and you’ll get the cash you need fast, the very same day you need it.
2. Credit doesn’t matter. Unlike credit-based personal cash loans from a bank lender who examines your credit report first, online cash advances and online payday loans base approval on your monthly salary. There’s no credit check needed for approval. As long as you make enough in a month to afford paying back your cash advance loan, your lender will approve your application even if you have bad credit or no credit at all.
3. They’re cheaper than overdraft fees. If you’ve ever overdrawn your account to pay your bills on time, you know how brutal bank overdraft fees can be. Banks typically charge $35 for every day a checking account is overdrawn, resulting in triple-digit interest rates, even if you’re only overdrawn by a few dollars. The interest on a $100 cash advance payday loan borrowed for 14 days is significantly lower than the annual percentage rate on $100 overdrawn for 14 days.
4. They’re cheaper than late fees. If you pay your credit card bill late, your creditor will add a late fee to your next bill and increase your interest rate as a penalty. The late fee and interest rate hike cause annual percentage rates higher than a typical advance payday cash loan.
5. Payment plan options are flexible and easy. There are several ways to pay back your cash advance payday loan: With an automatic deduction from your lender when full payment is due on payday, with a cash advance installment plan, or a rollover to renew your cash advance loan for another pay cycle.
6. 99% approval rates nearly guarantee the cash you need. It’s easy to qualify for cash advances online. If you’re 18 years of age or older, a US citizen, and earn a reliable income, you can qualify for instant online approval for cash the same day you need it.
7. You can improve your credit score. Paying back your cash advance in full on time reflects well on your credit report and can improve your score, making it easier to qualify for other types of consumer credit when you need it in the future.
8. Payday comes on your terms. Borrowing a payday loan advances your payday by two weeks to one month, depending on your pay cycle. You can borrow part or all of your paycheck in advance to pay bills that are due before your next scheduled paycheck or cover emergency expenses. Payday doesn’t have to come on your employer’s schedule when you borrow an instant cash advance.
9. Get cash in 1-hour for emergencies. Even the best budgets and savings plans aren’t 100% prepared for emergencies. When you need emergency cash right away, borrowing from an online payday lender can give you the extra padding you need until payday.
10. We’ll match you with a lender for free! We take the guesswork out of finding a reputable lender. When you submit an application on our site, we’ll match you with a top-rated national payday lender for fast cash now!
With Christmas just around the corner and many people seeking Amazon Black Friday Sales a cash advance could prove to be just what is needed to make those purchases.
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3 Easy Steps to Get Your Quick Cash
Complete the short form.
Receive your approval and confirm loan.
Cash deposited into your account.