People take loans for a number of different reasons: some take cash advances in order to purchase a car, repair their house, or to buy an expensive gift because of an anniversary. Sometimes cash advances are also necessary because of unexpected emergencies, or pending bills. That is to say that sometimes in our lives loans are unavoidable, therefore there is no need to panic. With proper attitude and careful consideration cash advance loan are nothing to be worried about especially if you choose the best cash advice lenders on the market. If you are not quite certain what makes the best lender, read on.
Fast and secure application, no faxing
Some of the best cash advance lenders online provide their customers with simple, but secure application forms, in the majority of instances it is enough to provide only the most basic information and there is no faxing required. As a result customers can fill the form in only a few minutes and await approval. It is frequently possible to receive an answer within an hour of application as long as you apply within business hours.
Direct money deposit, easy repayment
Once the cash advance loan application is approved and all the conditions are settled the money is directly deposited in the customers’ savings, or checking bank account. The same account is then used on the next pay day to automatically withdraw the necessary amount. Thus, the customers do not need to worry about remembering dates, repayment schedules and such like.
Quick cash for bad credit
The best cash advance lenders are oftentimes willing to help out people with bad credit history, or current poor credit score. This is so because online lenders have their own ways of estimating if a customer will be able to repay the loan. One of the most important factors influencing the lenders’ decision is the debt to income ratio. Consequently it may all depend on the amount of money the customer makes and how big a cash advance is applied for.
Who qualifies for an instant cash advance
Although online lenders have fewer requirements than banks they still have some basic criteria that the customers ought to fulfill in order to be eligible for a cash advance. Thus, the customers ought to:
- Have a bank account
- Have a fixed income
- Be of legal age
As mentioned above the bank account will be used to deposit the money. When it comes to the fixed income – many lenders acknowledge also various benefits so that disabled people, or the unemployed could also apply.