Are you in a pickle and can’t afford to pay your next bill on time? Did your car unexpectedly break down and you need hundreds of dollars to get it fixed? If so, cash advance loans may be the perfect option for you! These small cash loans are short-term and all you need to do is to submit some basic information via online and show proof of income. There are cases where if you are self-employed, a company may still be willing to work with you, however, for the most part, companies need you to have a definitive income stream.
You can have money pretty much instantly when you deal with cash advance loans, and when you’re in a dire situation, it makes sense to deal with institutions that you know won’t hold your past credit history against you. In fact, you may not know this, but payday loan companies don’t check your credit like banks do, so pretty much everyone with a decent work history gets approved.
There is absolutely no law regulating what you can spend your loan on (unlike with most banks). That means whether you have plumbing trouble, your car breaks down or just want a new television, you can use your money for all of these things without having to answer to anyone.
You do have to keep in mind that when you sign for a cash loan, you will need to pay back what you owe from your next paycheck and there are interest rates that you need to take into consideration. However, the interest rates are regulated on a state-to-state basis, so you will not be left paying back twice as much money as you initially borrowed, which is unfortunately the case when it comes to many other loan institutions.