If you get paid every two weeks, you may find that it is hard to make your money last the full two weeks. This may leave you in a bind during the last few days before your paycheck is going to arrive, and living without money can be difficult. If you are in this position and need money, you should consider taking a cash advance through a place like Cash Depot Inc. Here are three things to know about cash advance loans.
What are they?
A cash advance loan is a short-term loan that is designed to help people get through financially until their paycheck arrives. These loans are generally fairly small, in comparison to other types of loans, and they are usually due within a few weeks. The amount you can borrow through a cash advance loan will be based on the amount of your normal paycheck.
What benefits do they offer?
Cash advance loans offer two main benefits. The first is that they are easy to get. If you need cash quickly, this is a solution that will work for you. The second key benefit is that they are easy to get. If you cannot get approved for other types of loans or for credit cards because of your credit score, you will not have to worry about getting denied for a cash advance loan.
The lenders that offer these may check a database to find out if you have any outstanding loans like these, but these lenders do not check credit scores. In fact, they will not even care what your credit score is.
How do you get one?
If this type of loan sounds perfect for your situation, you can apply online or in person for a cash advance loan. When you do this, you should be prepared to have the following documents to submit to the lender:
- Your state identification card – You will most likely need a valid state ID card to qualify for a cash advance.
- Copies of recent paystubs – You will also have to submit copies of your recent paystubs to prove that you have a job and to show how much you make from working.
- Proof of address – You may also need to show documentation that proves you live at the address stated on your ID card.
Getting approved for a cash advance loan is very fast and simple. If you are ready to learn more about these loans, contact a lender today.
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