Question 1

What is the first step to get a loan?

Accepted Answer

Begin by filling out the short form on advancecash.com. Our role is to link you with a group of independent third-party lenders that might offer lending products.

Question 2

Does AdvanceCash provide loans directly?

Accepted Answer

No, AdvanceCash acts as a matchmaker. We forward your details to a broad network of lenders who could potentially assist you. We have no say in their choices regarding approval, loan size, interest rates, or eligibility standards.

Question 3

What is the maximum amount I can borrow?

Accepted Answer

The amount depends on the lender. Cash advances from payday loans often fall between $100 and $1,000. Personal loans typically start around $1,000 and can go higher.

Question 4

What details must I provide?

Accepted Answer

Expect to supply your full name, address, birth date, phone number, bank account details, Social Security number, and other essentials. Lenders use this to assess your application and set up disbursement and repayment.

Question 5

Can I get approved despite a poor credit history?

Accepted Answer

Absolutely. Even with bad credit, prior repossessions, or bankruptcy, you might still qualify if you have a steady income and meet basic income requirements. The lender makes the final call.

Question 6

How does the money get to me?

Accepted Answer

AdvanceCash doesn't send funds directly. When a lender approves you, they typically deposit the money via ACH into your checking account. The speed depends on the lender.

Question 7

What is the repayment schedule like?

Accepted Answer

Repayment terms differ based on the lender, your state, the amount borrowed, and other variables. Before you accept any offer, the lender will give you a specific contract with all the details.

Question 8

Is employment a strict requirement?

Accepted Answer

You don't have to work a standard 9-to-5 job, but you need consistent income. Many lenders consider self-employment, government benefits, disability payments, pensions, and other regular income sources.

Question 9

What happens if I miss a payment?

Accepted Answer

Missing a payment could lead to extra fees and increased costs. If you foresee trouble, reach out to your lender as soon as possible. Some may be flexible if you inform them before the due date.

Question 10

What are the criteria for a short-term cash loan?

Accepted Answer

Each lender sets its own requirements. Common factors include being at least 18, having a valid ID, a regular income source, and an active bank account. The lender alone decides on eligibility and approval.