The emergency cash advance or pay day loans is for use to buy something and you want to Pay next month. A payday loans are a small, short-term lone that is intended to cover a borrower's urgent expenses until their next payday. A cash advance also referred to, as a payday loans is one of the fastest ways to put urgent money in your hands for any emergency that may crop up during the month. Cash Advance and payday loans are made available to individuals who meet some specific basic requirements.
The basic requirements for Cash advance
- Currently have a job (or receive regular income)
- Make at least $1,000 per month
- Are 18 years of age or older
- Are a U.S. citizen
- Have a checking account
When your application approval, your newly acquired funds will be deposited into your bank checking account overnight. On your next paycheck due date, the loan amount plus the loan fee will be automatically withdrawn from your account. The loan term on payday loans typically ranges from 4 to 30 days, coinciding with the applicant’s next payday from his or her employer.