We live in a world where there just isn't enough money to go around. Raises don't come around often enough, prices keep getting higher, and expenses keep growing. Needless to say, there may come a time when you just don't have enough money to cover an important bill or emergency expense. 

When that time comes, one option available to you is that of an online cash advance. These are simple loans that are quick and easy for just about anyone to acquire. The amount of money you can acquire is relatively small, but it is often more than enough to cover a sudden emergency or a few bills. They're also not terribly hard to pay back.

All in all, there is a lot to discuss when it comes to a cash advance and why it would be a good option if you needed money quickly. Don't worry, we'll break down everything you need to know.

What Is An Online Payday Cash Advance?

If you haven't heard of an online cash advance before, it's a short-term, personal loan designed to get you through until your next payday. It is usually due by your next paycheck. Basically, you are borrowing money with your salary as the guarantee that you'll pay it back.

Traditionally, payday loans would require you to visit a physical location to engage directly with lenders, but there are many businesses nowadays that allow you to apply for a payday loan online or via phone. 

Why Consider An Online Cash Advance?

The main draw of a cash advance for most people is that they are relatively easy to get, and you often get the money very quickly – either the day of your approval or the next business day. These types of loans can often be acquired even if you have bad credit, and you don't need much documentation either.

Generally speaking, you will only need your most recent pay stub, a blank check from a checking account for the funds to be deposited into (and withdrawn from when it's time to pay the loan back), and a form of identification, such as a driver's license or government-issued I.D. This is significantly less documentation than many other loans require.

A payday cash advance is generally not a loan for very much, anywhere between $100-$1000 in most cases. This makes it a loan that is suitable for small expenses or emergencies that need to be handled quickly. 

Ultimately, this means that a cash advance is a solid choice for someone who is in need of funds very quickly. Bad credit doesn't prevent you from approval; the only ‘collateral’ you need is a stable paycheck, and the application and approval process doesn't take very long. These are the primary benefits of a cash advance.

Getting A Cash Advance Through Fast Payday Loans

If you feel that a cash advance is something you would like to get, we offer a simple and straightforward process for you to apply. You do not have to come into any of our stores in order to start the process, though you will have to take a phone call. Documentation is simple and bad credit is not an issue.

First, make sure you have a driver's license or state ID, as well as your most recent paycheck and a blank check from a checking account in your name. If you have all of that available, you can fill out the online inquiry form on our website.

After that form is submitted, you will be contacted via phone as soon as possible by a loan representative, who will verify the aforementioned documents. The representative will guide you through the remainder of the process, which at that point is just some simple paperwork. All of this will be done over the phone.

If approved, you will receive your loan ranging from $100 to $1000 either the same day or the following business day, deposited directly into the checking account that you provided. The phone call itself should only take about thirty minutes in total.

Needless to say, it's quick and simple to get a cash advance, but make sure that you are considering this loan for the right reasons. We don't recommend taking out loans for non-essential expenses, like leisure shopping or entertainment. Loans should really only be considered if you have important expenses like medical emergencies or bills to cover.

But if you really do need some extra funds fast, an online cash advance is a good choice.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.