Cash Advances

Why Payday Loans?

Payday loans, also known as Cash Advances, have been around for years and, when used responsibly, have proven to be a viable way of meeting the short-term cash flow needs of the American working class. There are many reasons for using a payday loan to bridge the gap between paydays. Avoiding unnecessary charges such as NSF fees, late utility fees and long-term credit card payments are all prime examples.


About Cash Advances

A cash advance is a small, unsecured, short-term loan that is usually repaid on the borrower’s next payday (between 10 and 31 days). Typically, a customer uses a cash advance to cover small, unexpected, expenses between paydays to avoid expensive bounced-check fees, late bill payment penalties, and other less desirable short-term credit options.


How It Works 

The cash advance application process is fast and simple, usually requiring only a few supporting documents such as proof of income, a personal checking account and a state issued identification card.


If approved, a borrower reads and signs an agreement containing disclosures required by the Truth in Lending Act (TILA) and writes a personal check for the amount of the advance plus a fee. The lender advances the customer funds immediately, but holds the check until an agreed upon date, usually within two to four weeks, when the borrower receives his/her next paycheck.


If you need a loan over $500, or if you're looking to consolidate multiple loans, a Title Loan may be your answer. read more...