The term cash advance can refer to a loan given against a prearranged line of credit like a credit card, but is also commonly used to refer to payday loans, payday advances and paycheck advances. An online payday loan, or online cash advance, is a short-term loan, usually varying between $100 and $1,500. These loans are generally used to cover the borrower's expenses until his or her next payday. When an emergency financial situation arises, a cash advance can help a borrower avoid unnecessary late fees and collection companies. Whether you're running behind on credit card payments, or simply need extra money until your next paycheck, a payday loan provides flexibility and financial freedom.
Payday loans and cash advances can also be acquired at your typical brick and mortar check cashing stores. However, there are some advantages to online payday loans that these locations don't have. For example, payday loans are faster and easier to apply for online, and allow the borrower to avoid the hassle of dealing with congestive lines often found in the store locations. Also, the need for extra cash by these means can often leave the consumer embarrassed or uncomfortable. Luckily, online services give the anonymity from the public eye that is so often desired when finding one's self in financial trouble. Finally, online payday loans are easy to qualify for and only require the borrower to meet simple standards such as steady employment, a valid bank account and that he or she is over the age of 18.
Payday Pro is a reliable and easy-to-use online resource that can help you find the loan you need quickly and efficiently. When applying for your next online payday loan, Payday Pro is here to help you get the cash you need to remove yourself from whatever your financial hardships might be.
