Define PayDay Loan - What is a Cash Advance Loan?
A Cash Advance loan or cash advance is a small, short-term loan typically up to $500 - $1500. 

Cash Advance Lender
a ‘Cash Advance lender’ shall be one who engages in a loan transaction in which funds are advanced to be repaid at a later date, notwithstanding the fact that the transaction contains one or more other elements and a ‘Cash Advance lender’ shall be one who engages in such transactions

Cash Advance Loans
Cash advance can be a short term loan of up to $1500 in funds that are advanced to be repaid at a later date or cash provided against a prearranged line of credit such as a credit card. 

How do PayDay and Cash Advance loans work?
Cash Advance loans," "check loans," or "payroll advance loans typical features include taking and holding the borrower’s personal check, and a two-week repayment term with loan amounts due in full within 31 days.

How many Cash Advance loans can I get? 
There is no limit. You will have to payoff your current short term loan in order to qualify for another loan. 90 percent of these small, short-term and high-cost loans go to repeat borrowers who return as much as a 12 times a year.

What is the minimum and maximum Cash Advance loan amount? 
Cash Advance or cash advance loan amounts range from $100 - $1500.

How do you pay back a PayDay or Cash Advance loan?
Most cash advance loans require the borrower to pay the loan back in 2 to 4 weeks. 
Some companies make direct withdrawals from your checking account on your next Cash Advance or the Cash Advance that you designate on your application

Do I have to have good credit for a Cash Advance loan?
Most short term Cash Advance cash advance loans do not require good credit as the application process usually does not involve a credit check.

Are there Cash Advance loan programs for persons who are self-employed?
Proof of income is required. The last three bank statements may be all that is required to secure a Cash Advance loan.

Are there Cash Advance loans for people with bad credit?
Yes. Your credit standing is not a condition to receive a Cash Advance loan.

How long do I have to work to get a Cash Advance loan?
You simply need proof of income. This can be provided by a bank statement if no payroll check stub is available

How soon can I get a Cash Advance loan?
Most Cash Advance cash advance loans fund within 24 to 48 hours.

Get a PayDay Loan Now