Need emergency cash in a hurry? Same day cash advance loans can wire
money directly to your checking account. With these quick loans, you
don’t have to deal with paperwork or banking hassles. From your home
computer, you can find a lender, submit your application, and wait for your
money.

Emergency Money In A Hurry

When you need money now, cash advance lenders can help you out. With
their same day service, your loan application will be processed in
minutes. With a verification over the phone, in less than an hour you can be
approved for a loan up to $1000. That same day, your cash will be
transferred to your account so you can take care of your emergency.

There’s no credit check with cash advance loans, so bad credit isn’t a
problem. All you have to provide is your personal information, source
of income, and banking numbers where your funds can be transferred to.

Some lenders will require pay stubs or banking statements to be faxed,
simply to speed up the process. Others, however, rely on databases to
check your information.

Take Time To Shop Payday Lenders

If you have the time, shop payday lenders to see who has the best deal
on financing fees. With online lenders, you can often find information
on rates on their website. Otherwise, send a quick email to the company
asking about their fees. The good cash advance companies will be quick
with a response.

The APR is a good number to compare if you are looking at different
types of credit, such as credit cards. Otherwise, focus your search on the
finance fee and pay period. That will give you the true cost of the
payday loan.

No Worry Payment

Online cash advance companies also set up payments to be automatic, so
you don’t have to worry about paying another bill. Your lender will
automatically deduct your entire loan amount plus finance fee on your next
payday. If you find you can’t make the payment, you can arrange for a
partial payment.

Quick cash is only a few minutes away with a same day cash advance loan.

Try using one of ABC Loan Guide’s Recommended Emergency Cash Advance Loan Companies.

Guaranteed cash advance is a perfect solution to get you through all kinds of emergency financial crunches. In today’s fast paced life, people often face urgent cash needs. Instant guaranteed cash advance is equipped to meet all your financial needs.

There are numerous lending companies available online who understand your needs and are there to help you out. You can borrow a loan from $500 to $1000. Upon approval, the money is deposited in your account in less than an hour. The guaranteed payday loan has become very popular as it has a fast processing procedure, a low interest rate, no fax facility, no credit check and above all, offers flexible payment options.

If you want to apply for a guaranteed cash advance; then first you have to fill up an online application form. It takes no more than 5 minutes to fill up the online form. In this form, you have to provide information regarding your job, income range, bank account and references. Generally, you don’t have to fax or email any documents. But in some cases, you may be asked to fax or email some additional supporting information.

Apply online for payday loan if you need instant cash. After your loan application is sanctioned, you will be provided with a username and password. Then all you need to do is to login to their Member Centre. You can instantly request for your loan, read the terms and conditions, sign the agreement, and ultimately submit your loan request. There is no need to fax any document, since all the formalities are done online.

Once your request is approved, the cash is directly deposited into your bank account. You can apply for an instant guaranteed loan for any occasion like sudden unexpected bills, family emergencies or overdrafts. When you need instant money and you don’t have enough bank balance; then a guaranteed cash advance is a very convenient way to solve your money crisis till your next payday.

In order to get the approval for your desired loan, you need to provide the proofs of the following facts. To receive a loan, you must have:

o A present job with regular income

o At least an earning of $1000 per month

o A valid bank account

Bingo! If you fulfill all the above mentioned criteria, then you are on the way to receiving your guaranteed cash advance. You can get the money within a few hours after gaining the approval. The procedure to avail a guaranteed cash advance is swift, efficient and customer friendly. So if you need instant money, what are you waiting for? Apply immediately for a guaranteed loan to combat your financial crisis.

Marcel opened his dream candy store a little over a year ago. His store is the only one of its kind within miles, and everyone goes to his shop when they need to satisfy a sweet tooth. Since business is prospering, and Marcel has had some time to get his feet wet as a business owner, he is now ready to take on a new challenge; opening a new location in another city. All he needs now is a little more money to finance his latest business venture.

Marcel decided that applying for a merchant cash advance would be the most lucrative route for him and his business. But after conducting an online search for “merchant cash advances,” he was astonished by the abundance of merchant cash advance lenders, and struggled in his decision of which company to work with.

As a business owner, you can probably relate to this story. Choosing a merchant cash advance lender can be a difficult process. In order to eliminate the confusion of this process, there are a few things that you should consider when choosing the merchant cash advance lender that is best for you.

Unnecessary Costs

Most lenders will not charge a slew of additional costs upon approval of a merchant cash advance. With some business transactions, closing costs are required. These are costs beyond the price of your item of purchase that are usually paid at the close of your transaction. Before choosing a merchant cash advance lender, make sure that there will be know closing costs in addition to the fee for the cash advance.

You also should not have to pay interest on a merchant cash advance. Unlike business loans, most merchant cash advance companies will not impose interest rates.

Monthly Credit Card Sales

The amount of credit card sales that your business processes each month can be one of the factors that determine which lender you can receive a merchant cash advance from. Before approving a loan, most lenders will require you to submit a certain amount of your business’ most recent, consecutive credit card statements. This is to determine whether or not your business can support a merchant cash advance repayment. Usually, you will be required to provide three to six months of credit card statements, giving lenders an idea of your average monthly income.

You may be required to process anywhere from $1,500 to $5,000 in monthly credit card sales. If your company is seasonal and you are not sure if your monthly credit card sales will drop below the requirement during the off season, consider choosing a lender with a lower minimum monthly requirement, or a lender that requires submission of at least 12 months of credit card sales documentation.

How Long Have You Been In Business?

Some merchant cash advance lenders require that a person owns a particular business for at least one year before becoming eligible to receive a merchant cash advance. Others only require the lender to have been in business for 60 days. If you have been in business for over a year and process over $5,000 each month in credit card sales, you obviously have a wider range of options when it comes to choosing a merchant cash advance lender. However, if you have only been in business for a few months, and you need cash immediately, you will have to look for a lender that does not have a requirement of one-year business ownership.

How Quickly Do You Need the Money?

With any lender, the initial application for a merchant cash advance is not a very long process. And after receiving all of the necessary documentation, most lenders can approve your cash advance in a couple of days. But, the amount of documentation that is required to process and approve a merchant cash advance may vary.

Some lenders require only an application and documentation of monthly credit card sales. Other lenders require these in addition to bank statements, lease agreements, photo IDs, voided checks, etc. If you are in a hurry, try choosing a company that requires the least documentation, this may make for a speedier process. Making sure that you have all of your documents ready to go, can also expedite the process. In an ideal situation, you may be able to have your money within seven to 14 days of approval.

How Much Money Do You Need?

Most lending companies can fund up to $600,000 in a merchant cash advance. If you have multiple locations, there are also lenders that can fund you a specific amount of money per location. But the amount of money that you get really depends on the amount of credit card sales that your business processes every month. More or less, regardless of the merchant cash advance lender that you choose, the more money your business brings in, the more money you can get in your merchant cash advance. You can typically be funded 20 to 30 percent more than what your business makes every month.

Most credit cards offer cash advances. However, there are many hidden costs that can be quite costly. When you take a cash advance, a standard fee of 3% will be tacked on. Additionally, a cash advance interest rate will apply. This rate is often 5% to 15% higher than the standard APR. A very select few credit cards do offer 0% cash advance interest rates for up to 1 year, but when the introductory period ends, the APR still skyrockets into the high 20′s.

If you intend to take a cash advance and are not able to get a 0% interest card, there are a number of things to take into mind. Here are just a few expensive cash advance scenarios and some possible solutions:

1.) Let’s say you have a balance of $1,000 on your credit card and you take a $1000 cash advance. Two months later, you pay $1000 towards your bill. Guess what? Your interest rate will still be the astronomical cash advance rate, not your regular rate. Why? Because credit card companies apply your payments to your lower interest balances before higher interest balances. That means you’ll have to pay off your entire $2000 balance to avoid paying 29% interest on your credit card.

One way to avoid this is to use a credit card that has no balance or a new credit card. Both of these situations prevent you from getting slammed by cash advance interest rates on previous balances.

2.) Now let’s say you use a new credit card to take a cash advance of $1000, but are unable to pay it immediately. Over the course of a year, your $1000 cash advance at a 29% interest rate could accrue interest of $300 or more. That’s an expensive $1000.

One way to avoid this situation is to take a cash advance from one credit card and transfer your balance to a 0% balance transfer credit card. This will not only save the cost of a year’s interest, it will also provide a lower interest rate after the 0% introductory term.

Taking a cash advance is expensive no matter how you look at it. However, there are ways to cut down on the hidden costs these transactions have. Finding a credit card that offers a 0% cash advance rate is ultimately the best way to avoid these fees, but even without a 0%, smart consumers can survive ending up in credit card hell.

If you a frequenter of payday loans, you’ve probably pondered this question: can I be arrested for default on payday loan? The simple answer, no. There is no law that allows you to be arrested for not paying off payday loan debt. In fact, according to the Fair Debt Collections Practices Act (FDCPA), it is ILLEGAL for a lending institution to threaten a person with the possibility of being arrested for non-payment of a debt.

No matter how many threats you receive about being arrested or charged with a crime, it’s not going to happen, period. If a person could be arrested for defaulting on a payday loan, the court systems would be twice, if not 3 times, as jam packed as they are now. Luckily though, that is not the case, so stop worrying about being arrested for defaulting on a payday loan!

Unfortunately, that is but one worry out of the way; there are many others lining up the longer you continue to avoid repayment on your payday loan.

What type of worries are there? Well, the rapid increase of fees & penalties for one. The longer it takes for you to pay off the debt, the more fees and interest that will accrue. These additional fees and interest are going to increase as time goes on, making it exponentially more difficult to pay off the payday cash advance loan.

Aside from the additional fees, there is also the matter of your credit score, which will begin steadily declining as the cash advance loan remains unpaid. The larger the loan and the longer the debt remains, the harder the hit will be to your credit rating. If the cycle continues and you are continually late with your payday loan payments (or if you don’t pay them at all), your credit score will be in the toilet within just a few months time.

Comparing payday loan lenders, also called cash advance lenders, online guarantees that you will find the lowest rates and best terms. Payday lenders are required by law to post their rates and terms, so making comparisons is just a matter of a few clicks of the mouse.

Look At Rates

The first point to compare amongst payday loan lenders is interest rates. While payday loans are short-term loans, usually only lasting two weeks, the Truth In Lending laws require payday loans and cash advance loans to be posted by APR. You can find this information on payday loan lenders’ websites under categories like APR Disclosure, FAQ, or Loan Information. You can also email the lender requesting the current APR.

Ask About Fees

Fees besides the interest charge also add to the cost of the loan. Some payday loan lenders simply have a flat financing charge, while others include a processing fee. Fess should be disclosed along with financing fees, so you can quickly compare the loans true cost.

Compare Terms

Ideally you will pay back your cash advance on your next payday, but financial emergencies happen. You can be prepared for this by researching the terms of repayment of the different payday loan lenders. Most lenders allow you to make a minimum payment of just that period’s interest charges, but it is best to have it in writing. Also, research the fees you will accrue with delayed payments.

Find Customer Service

Make sure that you can contact a customer service representative through email, phone, or fax. While you probably won’t need any help with the application process, you do want to be able to contact the payday loan lender if you want to change your repayment plan or ask a question.

Expect An Easy Application Process

With today’s technology, you should expect a quick payday loan application process. Applications should be processed over the Internet within minutes with no fax needed. The only information required is your personal contact information and employment history. There is no credit check for a payday loan. You can also expect to have your cash advance deposited in your checking account the next day.

To view our list of recommended payday loan companies online, visit this
page: Recommended Cash Advance Companies Online.