100% Guaranteed Approval for an Online Cash Advance

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If like so many of us you’re living paycheck to paycheck, you can rest a little bit easier because now you have 100% chance of being approved for an online cash advance.

So if a temporary emergency comes up and you need extra cash – maybe to fix your car, or to get medicine for the kids, or to cover a rent check – but you can’t wait until your next paycheck, a guaranteed payday loan can now help you out.

And don’t worry about being rejected if your credit is no good. One of the beauties of online cash advances is it doesn’t matter if you have good credit, bad credit, or no credit. As long as you meet some minimum qualifications you will be approved for your online cash advance and you will have the money you need in your hands in 24 hours or less.

The Qualifications for an Online Cash Advance

Most payday loan companies ask that you

• Are at least 18 years old

• Have a steady job or some other form of regular income such as a pension and have at least $1,000 coming in every month

• Have been living at the same address for the past three months or more

• Have a checking account

Meet these requirements and you’re virtually guaranteed to get an online cash advance and borrow anywhere from $100 to $1,500. And some online cash advance companies will approve you in seconds and deposit the money in your checking account or savings account within one hour without verifying your employment.

How Much Interest Do Payday Loan Companies Charge?

The big drawback to payday loans and the reason they are so easy to get is the cash advance companies charge very high interest rates. Interest on an online cash advance is much higher than what more traditional lending institutions charge. It’s usually between 10% and 30% of the amount that you borrow.

The payday loan company expects you to repay your online cash advance with your next paycheck. That’s usually about a week to three weeks away. If you cannot make your payment when it’s due you can contact them and they will usually extend it for an additional fee and more interest.

So, what would the numbers look like?

If you borrow $1,000 and the online cash advance company charges 10% interest they will expect to be repaid $1,100. However, if you borrow from a payday loan company that charges 30%, they will want $1,300 from you – a two hundred dollar difference.

That’s why most people who get an online cash advance only get these loans for a financial emergency and even then they compare three, four, or more payday loan companies in order to find the lowest rates.

How to Get an Online Cash Advance

It only takes about ten minutes to fill out an application online.

Some payday loan companies require you to fax over copies of your pay stub, utility bills, etc., while other companies that offer online cash advances do not require you to fax anything to them. Since it does not cost anything to go onto a company’s website and look at their FAQs, you can find this out when you are comparing interest rates.

Realistically, the best way to deal with an online cash advance is by not taking advantaging of them. If you need cash and can get an advance from work – or swallow your pride and borrow from a friend or a relative – you could be a lot better off.

However, if you have no other options and you really need the money, isn’t it good to know that you can get a 100% guaranteed online cash advance.