The process involved in acquiring a cash advance is astonishingly simple, especially when compared to the laborious, time-intensive processes of other types of loans. You will find that our lending affiliates have made each step as efficient and hassle-free as possible. They understand that time is of the essence with this form of borrowing and want you to receive your funds as quickly as possible. Take the first step toward getting your cash online by reviewing the straightforward guide we've provided below.
The first thing you'll need to do is decide what type of short-term financial product you want. We have a diverse network of affiliates who specialize in a number of online lending options, such as no fax or title loans. If you have a specific product in mind, you'll need to select a lender with experience in the provision of that type of advance. Fortunately, if you tell us what you need, we will take care of the lender selection for you.
Once you have the name and website of an appropriate provider, it's time to move on to the qualification process. At this stage, you will give the lender some personal, employment, income, and bank account information. Based on this data, most lenders can tell you immediately whether you qualify for a loan, and if so, how much you may borrow. After you're approved, the formal application process with your lender will follow suit.
During this phase is where you will encounter the most variation among lenders as far as their lending practices and protocols are concerned. Each lender does things just a bit differently, so bear in mind that this page provides only a general overview of what you can expect at this point. Normally, the lender will supply you with an electronic copy of the agreement for you to review and approve so the process can proceed. To verify the information you've provided, your lender might contact you via phone and/or request that you fax in certain documents. This step is the longest of the three, as your lender must process and verify all your application materials. However, most lenders should be able to complete the process within a few business days, if not sooner. The processing of these materials is the final step before your provider releases your funds electronically to your personal checking account.
If you're like most borrowers, you'll be delighted once you learn just how easy repaying an online advance is. Because the principal amount and the finance charges are automatically debited from your bank account on the due date, you won't have to do a thing on that date aside from making sure the requisite funds are in your account. You won't need to write a check, make a payment, or even really remember the due date. Your lender will take care of the whole repayment electronically, which means you have one less thing to worry about. In the event you do not have sufficient funds to repay your provider in full, you might be able to request a roll-over option to extend the due date for an additional fee. Ask your lender before you borrow if this is a possibility so you know what to expect.