Why Payday Advance?
A cash advance payday loan can offer a financial solution for individuals with poor credit or no credit history, but they can also provide fast cash for individuals who do not have time to wait for conventional loan processing. An application for payday advance loans is fast, easy and discreet and can be done from home on the applicant’s PC.
How to Get a Cash Advance
Most quick cash advance lenders require that loan applicants have had the same job for at least 3 months and have had an active checking account for 3 months or more. Borrowers can apply for a cash advance online and there is no credit check. Many lenders offer loans with no faxing necessary and simply verify the applicant’s identity and employment. The checking account is required for direct deposit of the loan funds and borrowers should confirm their account information, including the routing number, with their bank or financial institution to insure prompt receipt of their funds.
Terms of Payday Loans
A cash advance payday loan is a very short term loan, usually for 14 to 30 days. At the end of the term, the full amount of the loan plus interest must be paid to the lender. In some cases it may be possible to extend the loan by making interest only payments and some direct cash advance lenders may offer installment payments over a 90 day term to preferred customers. Since interest rates on short term loans are higher than rates on other types of credit, it is usually best to pay off the loan as quickly as possible since there are no early payment penalties.
Getting a Quick Cash Advance
A quick cash advance can be deposited in a borrower’s checking account in as little as one hour, depending on the lender and the policies of the borrower’s banking institution. Some banks may not credit the deposit until the next business day so the advance cash may not be available immediately. The delay is most often due to banking policies as most lenders send the money as soon as the loan is approved. Speed is one of the biggest advantages of getting a cash advance online.
Dealing with Financial Emergencies
A cash advance direct lender specializes in small, short term loans, usually for amounts between $100 and $1000. The amount of the loan is based on the salary of the borrower and generally does not exceed two weeks income, so these loans will not cover large expenses.
For short term, unexpected expenses, payday loans can provide an easy way to get cash fast. Payday loans are not a panacea for financial woes, but can provide quick cash when unexpected expenses occur between pay checks. Prompt repayment keeps the cost affordable and helps smart borrowers meet financial emergencies with confidence.
How Cathy Does Loans works?
While Cathy Does Loans is not a lender, we work with some of the most reputable lenders in the country to help you get the cash you need fast. All of the services we provide are completely free for you to use, and you will have the opportunity to review each offer you receive before accepting or declining. Each lender has different loan and repayment terms, including the total amount of the loan, the APR and more. Some of the benefits associated with using Cathy Does Loans for your short term cash loan are given in the bullet list.
- Fast and easy online application
- Unsecured or secured loans – even with bad credit
- Cash loans for consumers with bad credit
- Fast approval within minutes
- Money is deposited into your checking account within 24 hours
- Get money when you need it most
If you have received a telephone call or message from someone who claims to be Cathy Does Loans and who is trying to collect a cash loan, please be aware that this is a scam. The callers will not have any caller ID information and will likely claim to be representatives of our company; this is an illegal practice. They may call you numerous times and even threaten legal action or criminal charges if you do not repay a loan. However, you should remember that these callers are thieves and that you can always report such activity.