Payday Cash Advance

Would a payday cash advance help you get though a temporary financial pinch? If so, here is how the process works.

1. You need to have a checking account.
2. You need to have a recent account statement from the bank.
3. You need a proof of employment. This can be a pay stub or other statement of income.
4. You need to have a photo ID, driver's license for example.

Bring your checkbook or a blank check with you along with your paperwork. You can get a payday cash advance at a nearby quick cash store, or you can obtain one online at one of many payday loan websites. If you are applying online, you may have to fax your paperwork and ID to the website store, but many offer faxless loans.

For approval, you present your ID and paperwork, and write the check to the amount you are borrowing, dated on the day of your loan. There are forms to sign, and you will be asked for references. The loan repayment will be due in about two weeks or your next pay date beyond that up to a month out. Approvals are made via computer, and when approved you will receive your cash loan immediately. If you are applying online, they will direct deposit the loan amount electronically into your checking account.

For repayment, bring the loan amount plus interest fee into the store, in cash only. If you cannot make your due date, call them in advance to let them know exactly when you can come in. If you miss the due date, they will cash your check or submit your ACH approval for direct debit from your checking account. It is better to pay on time, when due. If you need more time, you can redo the loan after you repay the amount due, for less, the same, or more than the previous loan amount.

It is easy to get a payday cash advance, and many people do it. They are great for emergencies, trips, or whenever you need cash today and payday is next week.