A cash advance is a short term loan for a small amount of money. Most cash advances are for less than $1,000 and are intended to be repaid within a matter of weeks.
Some borrowers use cash advances for unexpected expenses such as copays at the doctor or hospital, family emergencies, surprise car repairs, or to avoid late payment fees on their utilities, loans or credit cards.
A cash advance may be ideal if you have no credit, bad credit or simply want to avoid the hassle and time involved getting a traditional loan from a bank. It can also be used to protect your credit rating and avoid future issues. If you have good credit, but are thinking, “I need money now” then a cash advance may be the right choice for you, because they sometimes do not add a credit check to your credit report.
Getting a cash advance is much faster than getting a loan through a traditional bank and Friendly Lender’s direct lenders we work with could deposit funds as soon as the next business day after once approved for a cash advance.
A cash advance online is advantageous for some because the process is fast. You can fill out the form in a matter of minutes and get a decision quickly. Because there is no hard credit check involved, proof of income and employment may be required to verify that you are able to repay your loan.