There are times in life when you need money fast. Maybe you have an unexpected bill or an emergency expense you didn’t budget. When this happens, a quick cash advance can be a lifesaver. A quick cash advance is a short-term loan that you can get quickly without going through a lot of paperwork or waiting for approval. Here’s what you need to know about getting a quick cash advance:
What is a quick cash advance?
A quick cash advance is a type of loan that provides you with access to money quickly. It’s typically based on your future income rather than your credit score, so it can be easier to get approved for. A quick cash advance’s terms and repayment period vary depending on the lender but usually range from 14 days to several months.
How do I qualify for a quick cash advance?
In order to qualify for a quick cash advance, you’ll need to meet certain criteria set by the lender. Generally speaking, you must have a steady source of income, be employed or self-employed, and have an active checking account in good standing. You may also need to provide proof of identity and address. Your lender will also likely check your credit score and history to ensure you can afford the loan.
How much does a quick cash advance cost?
Quick cash advances typically come with fees that vary depending on the lender but are typically between 10% and 30% of the amount borrowed. Additionally, some lenders may charge an origination fee or other administrative fees. It’s essential to read all of the terms and conditions carefully before signing any agreement, so you understand exactly how much the loan will cost you and what the repayment schedule looks like.
To conclude, a quick cash advance can be an effective way to quickly get the money you need. However, it’s essential to understand the fees and terms associated with these loans, so you’re prepared for the cost and know how to manage your repayment plan properly.
