How It Works
What exactly is a cash advance?
A cash advance loan is a small loan normally in the amount of $100 to $1,000. These are short-term loans which are meant to be used only for unexpected, emergency financial situations. They should not be considered as a long-term solution for serious debt problems.
Basically, you write a check for the approved loan amount plus interest. The lender will then deposit your check as repayment on the agreed upon date, usually your next payday.
These types of loans go by many different names- payday loans, short-term loans, cash loans, fast loans, bad credit loans, and fast cash loans. But no matter what they are called, they all work on the same principle. They provide quick access to a relatively small amount of money with a repayment time of 2 weeks.
The operator of this website is not a lender. Consumers should be aware that cash advance loans are short-term loans with a very quick repayment time. All types of loans, including credit card advances and employer paycheck advances for example, should be explored before committing to an online loan.
What are the requirements for a loan?
The minimum requirements for a cash advance are:
- You must be at least 18 years of age.
- You must be employed (or have another source of regular income).
- You must have an open, active bank account.
These are strictly the basic requirements. The particular lender with whom you are matched will evaluate your personal situation based on the information you provide on your application. All lenders have their own requirements which they consider when making the loan approval decision. These may include income level, state of residence, and credit history. Please note that not everyone will qualify for a cash advance loan and approval is not guaranteed.
As soon as you submit the information on your online application, you are instantly connected to a lender who will then determine the amount of loan you qualify for. The lender to which you are assigned may ask for additional information depending on their requirements for giving cash advances. Every lender sets their own rules and regulations regarding cash advance loans.
Please note that AdvanceCash.info cannot guarantee that a consumer applying for a cash advance loan will be successfully matched with a lender.
To best facilitate the acquisition and approval of a loan, it is very important to enter accurate and honest information that can be verified. For instance, it may be better to enter a home number (land line), since many lenders will not accept information or grant approval for information that cannot be verified.
Lenders do sometimes perform credit checks. They may also verify an applicant’s Social Security number and other pertinent information which is contained in the application. Having a poor credit history does not automatically disqualify an applicant.
This website is not a lender and has no role in the loan approval process. Upon receipt of your application, AdvanceCash.info will share the information you have provided with one or more lenders. Our goal is to match you with an appropriate lender based on the information you provide. Not all applicants will qualify for a cash advance loan and approval is NOT guaranteed.
How do I get a cash advance?
Just complete and submit our simple and secure online application and we will connect you with a lender who will be able to give you a decision within minutes! After being matched with a particular lender, you may be required to sign electronically to the stipulations of the loan before being approved.
If you are approved for a loan, AdvanceCash.info cannot guarantee the amount of funds which you will receive. Each lender sets its own terms and conditions for a cash advance loan.
If and when you are approved, you should fully review the terms and conditions of the loan agreement before committing to the loan. If you have questions or concerns about any part of the loan paperwork, make sure you get the proper answers before signing.
You are under NO obligation to accept a loan, if offered. If you are not satisfied with the loan terms you are given, you can simply decline the offer and re-apply with another lender.
Generally, after approval and acceptance, the cash funds are transferred into your bank account by the next business day.
We are NOT a lender but simply work as a referral service for consumers who are searching for online loan options. This website has no role or influence in the loan approval process.
How long do I have to pay back the loan?
Normally, the loan is due on your next pay date. However, many lenders will allow you to extend your loan's due date by paying an additional fee. Renewal policies are set by each lender and can differ among network lenders. It is your responsibility to read and understand the conditions of your loan, including the renewal policy, before signing the loan agreement.
Once you are matched with a lender, you will be directed to that lender's loan documents. There you will find further instructions as to what is required to complete the application process with that particular lender. Generally, you have the following choices:
- Do nothing and your loan will auto-finance.
- Fully pay off your loan.
- Pay interest and fees only and renew the loan.
- Pay part of the interest and principal and renew the loan.
Cash advance loans are short-term loans which are meant to be used as a quick solution to an emergency financial situation. They are not intended to be used as a long-term solution to serious money and credit problems. Renewing a cash advance loan will result in additional fees and increased interest payments on your original loan.
If you fail to repay your cash advance loan according to the terms of your loan agreement, the lender can begin collection proceedings against you. It is important that you review the terms and conditions of your loan agreement before committing to the loan. If you have questions or feel that you may not be able to repay the loan within the short amount of time required, it may be in your best interest to consider other types of loans from different sources.
AdvanceCash.info is not a lender. If you have questions regarding repayment or any other aspect of your loan, contact your lender directly for further information.
How do I receive my cash?
Your lender will wire the funds directly to your bank account. AdvanceCash.info utilizes a huge network of lenders who can wire your money within as little as one hour after the completion of your application process. Please note that not all lenders are able to offer one hour cash transfer of funds and not all lenders can provide up to $1000 in loan proceeds.
How quickly can I get my money?
Typically, cash advance lenders will process your application immediately so that the funds will be available in your bank account usually by the next business day. Some lenders are able to wire funds to your account immediately. If you apply for a cash advance, you will receive the money on the next business day.
What hours is your service available?
We are not a lender. Our job is to match you with an appropriate lender who then decides whether to approve your loan. Applications are accepted 24 hours per day, 365 days per year.
After your application has been submitted to a lender, occasionally there is additional processing time that is required. Certain requirements can only be completed during regular business hours. Due to this fact, there may be a slight delay in wiring the funds into your bank account. Also, keep in mind that loan proceeds can only be transferred during normal banking hours.
You can submit your online loan application at any time. However, we only match you with lenders who are working in real time. Therefore, you may be more likely to find a lender who can better meet your financial needs during regular business hours (Mon-Fri 8 am - 5 pm EST). Most lenders do not operate on weekends.
How do bank holidays affect my loan?
Federal Banks and their branches observe the following bank holidays:
- New Years Day
- Martin Luther King, Jr. Day
- Presidents Day
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
When holidays fall on a Saturday, all Federal Reserve Banks and branches are open for business on the previous Friday. When the holiday falls on a Sunday, Federal Reserve Banks and branches are closed on the following Monday.
Your funds will be wired the following business day if your application is approved on a bank holiday. To confirm when the money will actually be wired, you should contact the lender directly, and contact the ACH department at your bank to confirm that the funds have actually been transferred.
How much money can I have advanced to me?
AdvanceCash.info is NOT a lender but we can help match you with a lender who can offer cash advances up to $1,000, based on the information you provide on your online application. Not everyone will qualify for the maximum loan amount of $1,000. Approval is NOT guaranteed for any cash advance loan.
What are the loan fees for the cash advance?
AdvanceCash.info is not a lender but works with a large network of reputable lenders. Every lender sets their own loan terms, including rates and fees. It is very important that each consumer reads and reviews the terms and conditions of the loan agreement. Any questions or concerns should be directed to the specific lender and not this website.
What if I do not get approved by the lender you matched me with?
Despite the fact that we have the largest network of lenders available, we cannot guarantee that you will be approved for a loan. We will try our best to match you with a lender that best suits your financial situation based on the information which you provide in your application. But all lenders are independent and they have their own proprietary criteria for determining whether or not to grant approval. AdvanceCash.info does not provide loans and has no say in the approval process.
AdvanceCash.info is not involved in the actual processing of your loan application and does not have information as to the status of your loan. Be sure to contact your lender directly to determine the status of your loan application.
If for some reason you are not approved for a loan, you may re-apply by following our Returning Customers link on our website. We will then attempt to match you with another lender and give you another chance of getting the money you need.
What if my application is not matched with a lender?
Though we do offer the most comprehensive network of lenders, we cannot guarantee that the one with which you are matched will approve your application. If you are not matched with a lender, here are some strategies to increase the chances of getting a loan when you re-apply:
- Time of Day: Some lenders do not accept applications outside normal business hours. Because of this, you may want to re-apply during normal business hours - Monday through Friday 8 AM to 5 PM EST.
- Direct Deposit: Many lenders favor applications in which the applicant's employer deposits paychecks directly to their account. If you do not have direct deposit, consider asking your employer about this and re-applying on our website.
- Outstanding Cash Advances: If you have too many outstanding loans or cash advances, some lenders are not willing to issue additional loans. After you have paid off your outstanding loans, feel free to re-apply for a cash advance.
What if I only have a savings account?
Several lenders we offer in our network will transfer funds even if you only have a savings account. Contact your bank in order to find out your routing number. This is necessary in order to route funds to your account from the lender.
What if I have a fixed income or benefits?
If you have a steady source of income, it doesn't matter whether or not it is a salary. Our lenders can still provide you with a loan. Simply provide your benefit provider's name in the employer's name section. If you do not know the number of your benefit provider, supply your own telephone number. For the number of months employed, enter the number of months for which you have received benefits.
What if I do not have a driver's license or state ID?
If you do not have a driver's license or other state identification, enter your passport number or social security number.
Does your company do credit checks?
AdvanceCash.info is NOT a lender. However, many lenders do perform credit checks and may use such services as CL Verify, TeleTrack, or DataX to verify your identity and past cash advance history.
Is this site secure?
AdvanceCash.info does not make cash loans. This site is not a lender and simply provides a free referral service for consumers who are looking for online loan options. You can submit your application securely by clicking "Secure Application."
Do I need to fax any information?
The application process does not require you to fax any paperwork. However, some lenders may ask you to fax additional information, such as a pay stub, if they are unable to verify your application information.