CASH ADVANCE: FAQ
What is a Cash Advance?A Cash Advance is a small loan of $500 or less made by a lender based on the fact that you are employed.
Can I get more than $500?
In most cases, state laws cap how much lenders can offer as Cash Advances.
How can I receive a Cash Advance?
Once you fill out the required paperwork, it is simply a matter of verification and eligibility. Applicants must be of US citizenry, have an open checking account, currently be employed, have a work history for the past six months, be 18 years of age, and make at least $1000 a month.
What collateral do I need, and when does the Cash Advance have to be paid back?
No collateral is needed for a Cash Advance. Your paycheck is our security for the loan. Payment is due on you next scheduled pay day.
What if I pay off my loan early?
There is no penalty or fee for paying off your Cash Advance before it is due.
How can I spend my Cash Advance?
There is no restriction on how you may spend the money you are loaned. It will be deposited into your bank account by direct deposit for whatever use you may need it for.
How long will it take to get approved?
After you have provided us with all the documentation we require, it will take approximately half an hour for your loan to be approved.