Cash Advance Basics:

Many of us have needed to get quick cash whether for an emergency or paying off other bills that have gone unpaid. Ideally you would just go to a friend or family member to borrow $500, but not everyone has that kind of money just sitting around. That leaves cash advance lenders (stores) as your main source of fast payroll loans. As long as you have a job with verifiable paycheck stubs showing what you make each week or month, then you can secure an overnight cash advance loan. Of course there are a few other things you will need like photo ID, bank statement, or personal check (each state varies). A cash advance is essentially a loan against your paycheck and the cash advance lender will give you part or all of your next paycheck amount up front (in advance) with you guaranteeing to pay off the debt/loan as soon as you get paid. If you are really in desperate need of the money, a cash advance is not a terrible idea as long as you will be paying the loan off within a few weeks time. The real catch to cash advance loans is the interest rate charged for such a short term loan.

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The fees involved with cash advances loans are high, or should we say really high. It's not uncommon for a loan of $1000 to cost you about $200 in fees in just a 2 week period of time. That's a 20% premium on the actual money you received which works out to insane APR's that are based on yearly interest rates. Lots of people want to know if their personal credit will be checked and the answer is most likely no. Therefore, those of you with bad credit or no credit history can secure a payday cash advance loan. Many cash advance companies will check to see if you have other cash advance loans outstanding to make sure you have the history of paying those loans off. The reason why your credit isn't checked is because the loan is almost 100% guaranteed by you since it will come directly from your payroll check from the company you work for. The government has recently cracked down on these payday loan cash advance services because they were taking advantage (and still are) of people coming in for the loans with high fees and outrageous interest rates. Payday loans, cash advances, car title loans, etc. are pretty low risk bets for the cash advance lender since you have an immediate source of income that they have the rights to if you don't pay off the loan in a timely fashion. This means they are virtually guaranteed to get paid back and yet they still charge such huge interest rates and fees. Consumer advocates highly recommend staying away from payday loan services because they truly prey on people in financial hardship situations. Unfortunately, the alternatives for people needing cash advances is very limited since regular financial institutions like banks will not give you a 2 week loan based around your paycheck amount. Use cash advance loans as a last resort when all other avenues of funding have been tapped out.

Faxless or No Fax Cash Advances:

A common question from our visitors is "Can I get a no fax cash advance?". The answer is yes since many Internet cash advance services realize their customers want the convenience of online cash loans to be fast and easy. Therefore, faxless cash loans online are commonplace. Paydayok.com is one of many websites that offer no fax cash advances with options to get $500 placed into your bank account overnight. All applications can be filled out online eliminating the need to fax any documents over and almost all online applications are instantly approved. They have customer service agents working 24 hours a day, 7 days a week to assist you anytime. Like any other cash advance provider, the annual percentage rate (APR) on the loan is close to 260% (based on a $100 loan over a 14-day period). Faxlesscashadvance.com has cash advance loans with no faxing involved as long as you are a US citizen, 18 years or older, have an active checking account, a $1000 minimum monthly income, and have no other outstanding payday loans. They work with clients that have bad credit histories and credit scores that are less than perfect.

Lenders/Locations:

If you do have to work with a cash advance store or online lender, try to find a reputable service that will not rip you off. Advance America is one of America's leading payday advance providers with over 2600 centers nationwide plus you can visit their website at AdvanceAmerica.net. Advance America Cash Advance offers quick and easy payday advance and cash advance loans in almost every state. They comply with all state and federal laws in regards to loan rates and services. They are also one of the few companies that tries to offer household budget and basic finance tips to their customers. Personalcashadvance.com is another excellent cash advance site with plenty of services to fit your situation. They will help you secure online cash advances and payday loans. You can apply and qualify for a payday loan quickly and once approved they electronically deposit the payday loan amount directly into your checking or savings account. Many of these services promise instant cash or fast cash, but the reality is that the money will be put into your account overnight so that it's there for use the next day. Personal Cash Advance can get you a quick loan up to $1500 that is both confidential and secure.

VISA Cash Advance:

One way to avoid having to go and get a cash loan at a store or online provider is by using your credit card to obtain a cash advance. If you have a VISA or Mastercard, you can get a cash advance on the spending limit the card has. I used to do this periodically when I was in college when I needed fast cash for groceries or paying late bills. I only used the service a few times and then starting managing my payments better. A VISA cash advance usually has a pre-set limit and there are fees associated with credit card advances as well. Check with your VISA/MC company to see what their card offers. A PIN # will be granted to you so that you can go to almost any ATM machine and get cash back (an advance) that will get billed directly to your credit card.

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