important article about cash advance loans

The Most Important Article About Cash Advance Loans You'll Ever Read

We are serious, this probably is the most important piece about cash advance loans you'll ever read. In this article, we will have a simple yet thorough look at all the essential details of payday advance loans. 

We’ll cover what they are, their benefits, what to use them for, and even how to get them.

What Are Cash Advance Loans?

Cash advance loans, which are also known as quick payday loans, give you very quick access to funds when you need them most. While the term is sometimes used to describe a service offered by your credit card issuers, we're going to focus on the payday loan type of cash advance.

A payday loan is a short-term financial aid that lets you borrow a small amount of money to tide you over until your next payday. They only last for a short time, ensuring you don't have to be indebted for months on end. You simply pay it back once your next pay stub comes in!

What Can You Use Cash Advance Loans For?

Cash advance loans are best left for emergencies. But, of course, it can be subjective. So, the best way to figure out whether you need a payday loan is to ask yourself the following two questions:

  • How long do I have to deal with the problem?
  • Will the situation get worse if I don't solve it now?

If you answered "yes" to the bottom question and "a few hours or days" to the above, a payday loan might be the right way to go. On the other hand, if you answered "no" to the below and "a few weeks" to the above, you may be better off searching for a different solution.

Typically, our customers use our cash advance loans for the following crises:

  • Medical bills that were entirely unexpected or higher than originally thought.
  • Urgent travel costs.
  • Home repairs.
  • Auto repairs.
  • Overdue bills that incur penalties the longer you leave them.

benefits of cash advance loans

The Benefits Of Cash Advance Loans

1. Easy To Access

The largest benefit of cash advances is that they're quite accessible. With our loans, you can get qualified through an in-store process that takes as little as half an hour. You can also start the process from the comfort of your own home to cut on the time needed.

2. Fewer Requirements Than Traditional Loans

Standard bank and credit union loans require countless documents, such as social security numbers, credit checks, and so much more. But with a cash advance from us at Fast Payday Loans, Inc., you just need:

  • Government-issued photo ID (usually a driver's license but other varieties work too).
  • Your most recent pay stub.
  • A blank check from an active checking account in your name.
  • You must also be at least 18 years old. 

In addition, you don't need to worry about understanding legal terms or financial jargon. Where possible, everything is written in plain English to help make your life easier. Not to mention that one of our loan associates is always on hand to assist you if you don't understand anything. 

3. All Credit Is Welcome

It can be near-on impossible to acquire a traditional loan if you have poor credit. However, cash advance loans allow all kinds of credit situations, whether it’s perfect, good, or bad!

This is, of course, a fantastic aspect. However, it's worth pointing out that fast payday loans Florida won't help you build your credit either. So, don't take out a payday loan if you're looking for a way to rebuild or start your journey to a great credit score.

4. No Collateral Needed

Unlike secured loans, you don't need to risk losing your possessions like your house or car. Of course, you should always make sure you can afford the cash advance before taking it out.

cash advance loans

How To Get Cash Advance Loans With Fast Payday Loans, Inc.

  1. Fill out the online form for a Florida payday loan. It takes roughly 5 minutes.
  2. Wait for one of our loan representatives to give you a call. They will tell you about the process, explain the documents you need to provide, and answer your questions. You get another chance to ask questions later in the process, so don't worry too much if you forget any questions at this stage.
  3. After the phone call, head to your local Fast Payday Loans, Inc. location with your state-issued photo identification, most recent pay stub, and a blank check from an active checking account. Please ensure the account is open in your name to ensure the process for cash advance loans runs smoothly.
  4. Wait while one of our loan associates verifies your items to see if you're eligible for the payday loan.
  5. If you qualify, they walk you through the rest of the paperwork (it's very simple).
  6. Finally, you receive your money on the same day or the following business day.

Qualify For Cash Advance Loans Today!

It's official; you're a cash advance loans expert. The next time you need emergency funding, you'll know exactly where to go and what to do! Submit an online form today to find out if you qualify.

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

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.