First Name:
Last Name:
How much cash do you need?
You are here: Home > Articles > Other > Cash Advance Payday Loans >

Add your business to the largest Payday Directory on the web. Get listed Today!

Get Listed for Free!

Are Cash Advances and Payday Loans The Same?

Posted by Kristin Adams on Tuesday, May 29, 2012 - No Comments

Have you ever wished you could go to your employer and say, “I know that checks are coming on the 30th, but I have an emergency, so could you give me half of the check now and half on the 30th?” That would be called an advance on your paycheck, and it’s almost impossible to find an employer who will give you that. It’s not that they’re mean or don’t care; it’s just not usually possible to change the accounting apparatus that churns out paychecks every two weeks or every month.

That’s why cash advance payday loans exist. Even if your employer can’t give you the money you need, a payday loan company can do it, and do it fast. It’s like having a boss or a friend you can go to and say, “Hey, my fridge died and I have to buy a new one. Can you lend me a few hundred bucks until payday?” Cash advance loan companies are in business in order to loan you money until payday.

Small Loan Amounts

One of the best features about cash advance payday loans is that these loans are smaller than your paycheck; they can be anywhere from $100 to $1500, depending on the company you borrow from. It’s not like taking out a mortgage or car loan; these are loans you can pay off in a short amount of time. Most transactions have repayment plans of 30 days to 90 days, so they won’t be hanging over your head like those other loans do. You can borrow just enough to take care of your expenses, especially those unexpected ones, and pay it back over several weeks. It really is like getting an advance in the amount you need on your paycheck.

Easy Application Process

Almost all applicants can be approved for a quick cash loan. All you have to do is go online and choose a reputable company to work with, fill out their short application (these usually take from 5 to 20 minutes to fill out), and give them some information about your job and your bank account. In most cases, they can get the cash into your bank account within 24 hours. In other words, you have it when you need it, not when it’s convenient for them to give it to you—because payday advance lenders understand the situations that that make you need cash in the first place!

Online Convenience

More and more payday loan businesses are either doing their businesses online, or have an online component to their practice. An online cash advance offers you privacy, convenience, and the ability to get your loan deposited directly into your bank account fast. Once your money comes due, you can even pay it online through automatic withdrawal from your account or setting your account up with a debit card.  Personal loans have always been a great solution to an emergency financial situation, but with online convenience, they are even better.


Add Comment