Frequently Asked Questions About The Cash Advance

Here are the answers to the most commonly asked questions about cash advances.

What Is A Cash Advance?

A cash advance might also be called a paycheck advance or a payday loan. All of these terms refer to a small cash loan that is secured against your next paycheck. If you qualify, the cash advance will be automatically deposited into your account. You will then have access to the funds to cover your emergency expenses. When your payday arrives (or when the loan comes due), your lender will automatically withdraw the amount of the cash advance plus a finance charge.

How Do I Sign Up For A Cash Advance?

You can sign up for a cash advance by filling out our simple, online form. After you provide us with some basic information about yourself, we will put you in touch with a reputable cash advance lender. You will be referred to the lender's website, where you can learn how a cash advance works, ask any questions you may have, and apply to get a cash advance.

Are You A Cash Advance Lender?

No, we are not a cash advance lender. We are a free matching service that helps our visitors find cash advance lenders that can meet their needs. We partner with some of the best cash advance lenders in the business. Our referral service is free and comes with no obligation.

How Much Does A Cash Advance Cost?

A cash advance usually comes with a finance charge that will vary by lender. Most lenders charge a percentage of the amount you borrow. For example, a lender might charge $10 for every $100 you borrow. You can find the finance charge of your cash advance in your consumer loan agreement. The finance charge is usually expressed in this agreement as an APR, or annual percentage rate. This figure reflects the total annual cost of borrowing. By law, the lender must display your cash advance APR in bold on your loan agreement.

Will I Qualify For A Cash Advance?

Qualifying for a cash advance is fairly easy, though qualification standards vary from lender to lender. Usually, lenders require that you make a certain amount of money per month, have a job, are at least 18 years old and a U.S. citizen, and have an active checking or savings account with a direct deposit feature (varies by lender). Some of our lenders offer instant approval decisions, which means you will know if you've been approved for a loan almost immediately after you submit your application (varies by lender).

What If I Can't Repay The Loan On The Due Date?

You should discuss repayment options with your lender before taking out your cash advance, as repayment terms will vary. However, most of our lenders allow you to roll the loan over for more time as long as you pay at least the finance charge of the loan on the original due date. There is usually an additional fee for this service.