Cash Advance Tips

The need for immediate cash can be frustrating. If you need money, and you don't have a personal resource at your disposal such as a family member or a friend who can loan it to you, a cash advance loan might be the financial answer you're seeking.

Using a cash advance loan isn't complicated, and the application process is fast and easy. Here are some tips to make it even easier to apply, get approved, and use the money wisely.

  • Shop around: Look at as many lenders as you can find in the time frame you have. Finding one that will meet your needs, a lender that has terms for the loan that you can live with, and one who will give you enough money to cover your unplanned expense should be fairly easy, particularly if you use online resources. If you don't have computer access, there are hundreds of companies with brick and mortar locations throughout the country. Some lenders even have apply-by-phone programs.
  • Know the eligibility requirements before you apply: Many lenders have similar requirements. You will need to be a legal US citizen, and in some cases, you'll have to live in a particular state as there are some states that don't allow this type of loan. You will have to have a job or receive a steady income from social security or a similar program. You will also have to provide proof of your income with a pay stub. You must make at least $1000.00 a month to qualify. Additionally, you have to be over 18 years old, the legal age to take out a loan in most states. You will also have to agree to repay the money in the time frame specified by the lender, usually your next pay period, but not later than 30 days.
  • Think through all your options: Making the decision with a clear mind will help you decide what kind of terms are acceptable for your financial situation before you apply for the cash advance loan. Realistically examining your ability to repay the loan in the agreed upon amount of time will help you know how to plan your financial future over the course of the next few weeks.
  • Consider your needs: When you apply for a cash advance loan, it's a good idea to use it for something practical. Fixing your car, paying some late bills, or take the family pet to the vet are all great reasons to use a cash advance loan. Using it to gamble, buy unnecessary gifts, or go on vacation are not good ideas if you will be unable to repay the loan in full on your next pay day.

Taking these tips into account before you apply can help get you the cash advance you deserve. Use your loan funds to your advantage. When you decide to take out a cash advance loan, you can count on being charged a fee. Paying it back on time will help keep the fee down, and it will help you get a loan in the future. It will also look good to other lenders.

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* Check Into Cash, Loan by Phone and third party lender funds are generally deposited via ACH for delivery next business day if approved by 9pm EST Mon. – Thu. * * Due to state and verification requirements, not all applicants for online loans may be eligible for instant approval by Check Into Cash, Loan by Phone or third party lenders.
* * * Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria.
† Check Into Cash, Loan by Phone or third party lenders do not perform traditional credit checks as part of its credit transaction approval process, but they do verify applicant information via national databases including, but not limited to, companies like CoreLogic and MicroBilt. If you have defaulted on past transactions, you may be declined for a cash advance from Check Into Cash, Loan by Phone or other third party lenders.
‡ Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law.
♦ Check Into Cash or Loan by Phone do not lend in all states. In some states, Loan by Phone will (i) act as a broker to arrange a loan between you and a third party lender, or (ii) connect you with a financial matching service.
Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.