Quick Cash Advance - Loan for Your Urgent Needs

If you have a shortage of cash in between your paydays, quick cash advance loans can give you the tools to counter any emergency financial requirement such as overdue bills, urgent medical treatment, unexpected car repair and children's schooling expenses etc. It has often been seen that financial emergencies arise specifically when your finances are low, as if to prove the truth of Murphy's Law. Quick cash advance loans are offered by various lenders to help people in such circumstances to grapple with their situation and solve it.

Who Can Qualify For Quick Cash Advance loans?

The advantage of a cash advance is that even if you have bad credit, you can qualify for it since no credit checks are carried out. The most important eligibility criterion is that you should be employed and be over the age of 18. In addition, you should be a U.S. citizen, have a valid savings or checking bank account and be earning at least $1000 per month. Having a bank account is particularly important if you apply online to allow the lender to deposit the money directly into it.

Fax and No-Fax Payday Loans

Some online lenders require you to fax the documentary evidence regarding your employment, paycheck stubs and your bank statements. There are many others who do not need such documentary evidence but they need all relevant particulars so that they can verify the same with your employer and your bank.

No faxing payday loans are becoming common these days with the growing payday loan industry in the Internet. You get the benefit of submitting the application directly from your computer without the need to fax any paperwork. Using this procedure, you save a lot of time and hassle without losing the benefit of payday service.

Is It Really Quick?

The information provided by you will be verified by the lender and you can expect to receive the approval to your payday loan application within a maximum of one hour, maybe even earlier. On approval, the amount of the quick cash advance loan will be deposited electronically in your checking bank account almost immediately but positively within one working day.

You should, however, select the loan that has the minimum interest rate and other charges and make sure that you make the repayment on time to avoid excessive finance charges of the lender. You must remember that apart from escaping these high charges, you would also be building up your credit score by repaying your loans on time.