$1,000 Emergency Cash Advance Loan – Fast Cash When You Need It

Emergencies happen. There is nothing that you can do to avoid them. Even people, who cautiously plan out their finances and have a “rainy” day fund, can find themselves in a financial crisis. In some cases, a family member or friend can help with a cash gift or a small loan, but most people do not have this option.

On a recent day, a customer named “Meg” needed an emergency loan because her air conditioning stopped working, when temperatures soared to 98 degrees in Phoenix, Arizona. With three small children and an elderly parent in the household, she had no choice but to get a new air conditioning unit installed.

Cash advance loans, also referred to as cash till payday loans, are small short term loans that consumers can use to manage emergency situations or daily expenses. Most Americans, who are actively employed and have a steady source of income, can get a loan. The amount of cash that a customer can borrow depends on how much the applicant earns per month. Lenders offer loans starting from $100 to $1,000.

The popularity of cash advance loans, have increased over the last few years, as more Americans struggle to meet financial obligations, amidst a struggling economy. White collar and blue collar workers, alike, are using short terms loans to manage unexpected expenses. The fact is, even cash-strapped homeowners, who have equity in their homes, cannot get a home equity loan or a home equity line of credit (HELOC), easily. In addition, the loan application process is extremely time consuming and arduous.

Can I Get A Loan, If I Am Not Employed?
No. Popular to contrary belief, unemployment loans do not exist. The only way that a lender operates as a business, is to ensure that it’s customers can repay their loans. A person without a steady source of income, cannot repay a loan. Consumers, should take extra precautions when considering lenders touting “unemployment cash advance loans”.

How Can I Get A $1,000 Loan?
A quick search for cash advance lenders will yield an abundance of resources but not all lenders are created equal. Some lenders, specialize in small loans and only approve loans of up to $250, which are repayable in fourteen (14) days or less.

Lenders, who offer larger short term loans, are more flexible in setting their repayment period, if you meet their loan qualification requirements. A typical loan amount ranges from $500 to $1,000. Consumers, applying for these loans, must be able to prove that they earn enough to repay their loan, after all other deductions are taken from their paychecks. Deductions may include health insurance, retirement, child support, spousal support, wage garnishments, etc. The loan repayment period ranges from fourteen (14) days to thirty (30) days.

The loan application process is fairly straight-forward and convenient. Most lenders allow consumers to complete a short and secure, online application that takes one to two minutes. The application form includes standard inquiries such as your contact information so that the lender can verify your loan request. Other important information, include your employment status, bi-weekly or monthly earnings mount and the dates of your upcoming pay checks. Most applicants, who complete the loan request form, accurately are usually approved instantly and can get a loan in hours.

What If I Have Bad Credit? Can I Get A $1,000 Loan?
Yes. Fortunately, your ability to qualify for a cash advance loan is solely based on your ability to repay the loan – in other words, your employment status and earnings. Whether you have bad credit, no credit history, a foreclosure or bankruptcy history, you can still get a loan.

Can I Get A Loan Without A Bank Account?
The simple answer is “no”. Online cash lenders require a checking or savings account so that the cash can be wired to your account, immediately. If you do not have a bank account, consult with your neighborhood cash store, which might have an alternative payment option. Having a bank account means that you can get the cash you need in a few hours.

$250 Payday Loan – How To Get A Quick Cash Advance Loan

Payday loans, also referred to as cash advance loans are small cash loans, that consumers can use for unexpected cash needs or to manage daily expenses. Whether the economy is booming or sagging, consumers always have a need for quick unsecured personal loans.

Why Do Consumers Use Payday Loan?

Unlike traditional loans, payday loans require less scrutiny and documentation. In addition, payday loans are a quick and convenient way to get cash in a pinch. Most applicants are approved for a loan in minutes, even if, they have less than perfect credit. Lenders are able to wire cash to the approved applicant’s account, in 24 hours or less.

Do I Qualify For A Payday Loan?

Most lenders have four main qualification requirements, in order to approve your payday loan request. If you can “yes” to these four questions, then you will most likely qualify for a small cash advance loan.
1. Are you are a citizen of the United States of America?
2. Have you been consistently employed for the past 3 months or 90 days, with a steady income?
3. Are you 18 years or older?
4. Do you earn at least $1,000 per month?

How Do I Get A Loan Up To $250?

You can get a loan through a neighborhood cash advance store or an online payday loan lender. Both options can get you the cash you need. Online payday lenders offer the extra convenience of a quick loan application process that saves you time and secures your loan, discretely. Once you select a lender, you must complete a loan application. The application process, tends to be straight-forward and takes about one or two minutes, if you use an online bank.

A loan representative will review your loan request and approve it instantly, if you meet the four (4) loan application requirements, listed above. It is important to complete your loan application as thoroughly and truthfully as possible, because it will expedite the approval process.

Once your loan request is approved, cash will be wired to your checking or savings account in minutes. The cash can be withdrawn by visiting your local bank or by automatic teller machine (ATM).

When Do I Have to Pay Back My Loan?
Most lenders have a repayment period of two (2) weeks to four (4) weeks from the date that the loan is made. Since payday loans are short term cash advances based on your future paychecks, they are usually due when you receive your next two (2) paychecks. It is important to borrow only as much as you need and can repay back, in a short period of time. A reputable lender will be more flexible and can work with you to establish a suitable repayment schedule, based on your needs.

What If I Live In A State That Has Restrictions On Short Term Loan?

Although, cash advance loans are very convenient, not all states have cash advance lenders. A quick search can yield results on whether you can get a quick short term loan in your state or not. For example, states such as West Virginia, New York, New Hampshire and cities, including the District of Columbia have restrictions on small cash loans. In some cases, it is illegal to get a loan. If your state does not provide the ability to get a small short term loan, other options include automobile title loans, if you own a vehicle. In some cases, you can get more cash, if you use a title loan but it should be noted that the lender can repossess your car, if you do not repay your loan.