Cash advance payday loans can be a life saver for some people. If money is tight and you are living from week to week, it is not good when you get an unexpected bill. What do you do if, for instance, you get a hole in the tire of your car and there are three days until payday. You need your car to get to work so you cannot wait until payday. If something like this ever happens to you, a cash advance payday loan could save the day.
A cash advance payday loan is exactly what it’s name says. It is a loan that you get and are expected to pay when you get your paycheck. A cash advance payday loan is not to be used as a long term loan. It is meant specifically for a week, two at the most.
If you are looking for a cash advance payday loan, the best place to find them is on the internet. If you just enter the words “payday loan” you will be taken to many different sites to apply for the payday loan. As with any loan there is an interest rate on a cash advance payday loan. It is a good idea to check all of the sites to find the best interest rate. Most of them will be the same or very close, but it is worth looking.
When you are requesting a cash advance payday loan, there are certain requirements that you must meet. One thing that you must have to get a cash advance payday loan is a job. Your job must be a job on the books where you will be able to show proof of income using your pay stub.
Without this proof, it will be impossible to get the payday loan. There are other types of income that are allowed as well. Social Security, child support, unemployment checks, and temporary disability checks are also allowed. There are a few types of income that are not allowed. One is Social Security in one of your children’s names, or Social Security in somebody else’s name. State welfare payments are also not allowed.
Another requirement of most payday loan companies is that you have a bank account. The cash advance payday loan companies require this because this is how you get your money, and this is how they take their money.