Find answers here to frequently asked questions.
The amount that you are allowed to borrow varies based upon several factors, your history with cash advances and cash advance companies, the particular company you sign up for, your income level, and your employment as well as state laws. The amount offered by a lender can be limited and restricted or even completely forbidden based upon any of these factors. State laws dictate limits to how much any cash advances may be offered for to any resident in the state, even by online cash advance services. Federal laws put restrictions on offering money to U.S. servicemen and women to such a degree that some lenders have decided not to offer cash advances to them at all. The greater your income - the primary factor - the more you will be able to borrow.
Different lenders have different guidelines for how long they will allow a cash advance to be taken for. The average repayment is 2 weeks or less, but some lenders allow loans to stretch out for as much as six or nine months. Within a similar period of time, the fees for getting a cash advance are the same, but some lenders will increase the fees per $100 you borrow for longer-term loans.
Most cash advance lenders do not check your standard credit report before offering you a lender - they do not rely on your credit score in the traditional sense. Most cash advance centers will, however check a separate service that tracks information on cash advance loans - this enables them to determine if you have a cash advance pending with other lenders or if you have failed to pay back a loan.
Typically lenders will require that you:
Cash advances are offered based on a flat fee that is determined by how much you wish to borrow, for example, $18 per $100, which means that if you need to borrow $200, you will repay the lender $236 at the end of the loan. The fees offered by lenders differ, which is why you should shop multiple lenders before taking out any cash advances.